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dc.contributor.authorOberpriller, Christian M.en
dc.date.accessioned2007-08-03-
dc.date.accessioned2009-08-06T10:03:21Z-
dc.date.available2009-08-06T10:03:21Z-
dc.date.issued2007-
dc.identifier.urihttp://hdl.handle.net/10419/27019-
dc.description.abstractThe present paper extends the Obstfeld and Rogoff (2005) framework of current account imbalances by the oil exporting countries as a fourth region. It sets the stage for a variety of analysis that can be conducted within a four-region-setting that accounts for the importance of OPEC as a major current account surplus provider in the process of narrowing global current account imbalances. We find that including the oil exporting countries as an additional region consisting of OPEC and Russia lowers the adjustment effects predicted by Obstfeld and Rogoff. Depending on different assumptions on how global imbalances might be eliminated, our model predicts a real dollar depreciation in the range of 29.9 to 52.6 percent.en
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.relation.ispartofseries|aKiel Advanced Studies Working Papers |x442en
dc.subject.jelF31en
dc.subject.jelF32en
dc.subject.jelF41en
dc.subject.ddc330en
dc.subject.keywordcurrent accounten
dc.subject.keywordexchange ratesen
dc.subject.keywordglobal imbalancesen
dc.subject.stwLeistungsbilanzen
dc.subject.stwZahlungsbilanzungleichgewichten
dc.subject.stwKaufkraftparitäten
dc.subject.stwUS-Dollaren
dc.subject.stwErdölförderungen
dc.subject.stwWelten
dc.subject.stwOPEC-Staatenen
dc.titleGlobal current account imbalances and exchange rate adjustment: the role of oil suppliers-
dc.typeWorking Paperen
dc.identifier.ppn538712112en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwasw:442en

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