Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/109341 
Erscheinungsjahr: 
2009
Schriftenreihe/Nr.: 
ADB Economics Working Paper Series No. 157
Verlag: 
Asian Development Bank (ADB), Manila
Zusammenfassung: 
Global current account imbalances are one of the key macroeconomic imbalances that underlie the global financial crisis. The central objective of this paper is to analyze the causes and consequences of global imbalances from the perspective of developing Asia. More specifically, we examine the root causes of the large and persistent current account surpluses that have emerged in the region since the Asian crisis. We also explore the consequences of global imbalances for the region, in terms of welfare and economic growth. Based on our analysis, we recommend a number of concrete policy directions to help Asia rebalance its demand and growth toward domestic sources.
Schlagwörter: 
Global imbalances
current account
global financial crisis
rebalancing
Asia
JEL: 
F32
F41
F43
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Dokumentart: 
Working Paper

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