Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/53701 
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dc.contributor.authorEichengreen, Barryen
dc.contributor.authorRua, Giselaen
dc.date.accessioned2011-04-14-
dc.date.accessioned2011-12-15T12:27:18Z-
dc.date.available2011-12-15T12:27:18Z-
dc.date.issued2011-
dc.identifier.urihttp://hdl.handle.net/10419/53701-
dc.description.abstractThis paper considers the general equilibrium relationship between exchange rates and global imbalances. It emphasizes that the exchange rate is not a primitive but an equilibrium price determined by the policy mix. It uses extensions of the two-country Obstfeld-Rogoff model to analyze the response of imbalances and real exchange rates to shocks. Finally, it analyzes the characteristics of episodes in which chronic current account surpluses (as opposed to deficits) come to an end.en
dc.language.isoengen
dc.publisher|aAsian Development Bank Institute (ADBI) |cTokyoen
dc.relation.ispartofseries|aADBI Working Paper |x278en
dc.subject.jelF0en
dc.subject.jelF3en
dc.subject.jelF4en
dc.subject.ddc330en
dc.subject.stwZahlungsbilanzungleichgewichten
dc.subject.stwLeistungsbilanzen
dc.subject.stwInternationaler Finanzmarkten
dc.subject.stwWechselkursen
dc.subject.stwAllgemeines Gleichgewichten
dc.subject.stwZwei-Länder-Modellen
dc.subject.stwSchätzungen
dc.subject.stwWelten
dc.titleExchange rates and global rebalancing-
dc.typeWorking Paperen
dc.identifier.ppn656407387en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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