Untangling the US Deficit: Evaluating Causes, Cures and Global Imbalances

By Richard A. Iley and Richard A. IIey

As the US current account deficit has expanded to a record level of $811 billion in 2006, debate about the deficit's causes and consequences has also grown. Is the deficit a product of American profligacy or a 'glut of savings' in the rest of the world? Is it a serious problem or essentially benign? Untangling the US Deficit charts a course between the competing explanations in a systematic and rigorous approach, incorporating the latest academic research and market data. Particular attention is given to the China-United States trade imbalance and to the special role of the US dollar and US capital markets in global finance.

• Format: Hardcover
• Language: English
• ISBN: 1845429206
• ISBN13: 9781845429201
• Release Date: October 2007
• Publisher: Edward Elgar Publishing
• Length: 288 Pages
• Weight: 1.30 lbs.
• Dimensions: 9.5" x 1.0" x 6.8"