Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/53701
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dc.contributor.authorEichengreen, Barryen_US
dc.contributor.authorRua, Giselaen_US
dc.date.accessioned2011-04-14en_US
dc.date.accessioned2011-12-15T12:27:18Z-
dc.date.available2011-12-15T12:27:18Z-
dc.date.issued2011en_US
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_US
dc.language.isoengen_US
dc.publisher|aAsian Development Bank Institute (ADBI) |cTokyoen_US
dc.relation.ispartofseries|aADBI working paper series |x278en_US
dc.subject.jelF0en_US
dc.subject.jelF3en_US
dc.subject.jelF4en_US
dc.subject.ddc330en_US
dc.subject.stwZahlungsbilanzungleichgewichten_US
dc.subject.stwLeistungsbilanzen_US
dc.subject.stwInternationaler Finanzmarkten_US
dc.subject.stwWechselkursen_US
dc.subject.stwAllgemeines Gleichgewichten_US
dc.subject.stwZwei-Länder-Modellen_US
dc.subject.stwSchätzungen_US
dc.subject.stwWelten_US
dc.titleExchange rates and global rebalancingen_US
dc.typeWorking Paperen_US
dc.identifier.ppn656407387en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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