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| Title: | | An alternative perspective on global imbalances and international reserve currencies  |
| Authors: | | Kregel, Jan |
| Issue Date: | | 2010 |
| Series/Report no.: | | Public policy brief // Jerome Levy Economics Institute of Bard College 116 |
| Abstract: | | The stability of the international reserve currency's purchasing power is less a question of what serves as that currency and more a question of the international adjustment mechanism, as well as the compatibility of export-led development strategies with international payment balances. According to Senior Scholar Jan Kregel, export-led growth and free capital flows are the real causes of sustained international imbalances. The only way out of this predicament is to shift to domestic demand-led development strategies - and capital flows will have to be part of the solution. |
| ISBN: | | 978-1-936192-13-7 |
| Document Type: | | Research Report |
| Appears in Collections: | | Public Policy Briefs, Levy Economics Institute of Bard College
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