Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/105953
Authors: 
Palley, Thomas I.
Year of Publication: 
2011
Series/Report no.: 
IMK Working Paper 13/2011
Abstract: 
This paper examines three different explanations of the global financial imbalances. It begins with the neoliberal globalization hypothesis that explains the imbalances as the product of the model of globalization implemented over the past thirty years. It then examines the saving glut and reserve currency hypotheses. The paper concludes by arguing that both the saving glut and reserve currency hypotheses are inconsistent with the empirical record and both provide a misleading guide for policy.
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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