Crise financière et déséquilibres mondiaux, la stabilité du dollar en question (notice n° 1024280)
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fixed length control field | 02474cam a2200265 4500500 |
005 - DATE AND TIME OF LATEST TRANSACTION | |
control field | 20250125170431.0 |
041 ## - LANGUAGE CODE | |
Language code of text/sound track or separate title | fre |
042 ## - AUTHENTICATION CODE | |
Authentication code | dc |
100 10 - MAIN ENTRY--PERSONAL NAME | |
Personal name | Blot, Christophe |
Relator term | author |
245 00 - TITLE STATEMENT | |
Title | Crise financière et déséquilibres mondiaux, la stabilité du dollar en question |
260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
Date of publication, distribution, etc. | 2011.<br/> |
500 ## - GENERAL NOTE | |
General note | 26 |
520 ## - SUMMARY, ETC. | |
Summary, etc. | RésuméMême si le dollar a fait preuve d’une étonnante stabilité durant la crise, la persistance du déficit courant des États-Unis et des déséquilibres financiers internationaux pourrait avoir joué un rôle pendant la crise en permettant le maintien de conditions financières favorables. Il nous semble cependant que l’instabilité intrinsèque de la finance fut un moteur bien plus puissant de l’euphorie financière. Dans ces conditions, la crainte d’un ajustement du dollar ne peut être effacée. Le nouveau régime de change dit de Bretton Woods II reste fragile, comme en témoigne l’évolution récente du financement du déficit courant des États-Unis. Une meilleure coordination des politiques macroéconomiques est plus que jamais nécessaire afin d’éviter une instabilité supplémentaire émanant du marché des changes. Codes JEL : F32, F33 |
520 ## - SUMMARY, ETC. | |
Summary, etc. | The dollar has proved remarkably stable during the financial crisis despite a persistent US current account deficit. Nevertheless global imbalances may have played a role in the financial turmoil by explaining why long-term interest rates have remained low for a prolonged period fueling then demand for toxic assets. Contrary to this view, we believe that the house price and structured assets bubbles are mainly due to intrinsic instability of finance. Question around the dollar stability remains then acute. The so-called Bretton Woods II system is fragile as shown by the recent financing of the US current account deficit. A better coordination of macroeconomic policies is then still needed in order to avoid undesirable exchange rate market instability. |
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
Topical term or geographic name as entry element | dollar |
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
Topical term or geographic name as entry element | compte courant |
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
Topical term or geographic name as entry element | crise financière |
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
Topical term or geographic name as entry element | Bretton Woods II |
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
Topical term or geographic name as entry element | current account |
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
Topical term or geographic name as entry element | dollar |
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
Topical term or geographic name as entry element | financial crisis |
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
Topical term or geographic name as entry element | Bretton Woods II |
786 0# - DATA SOURCE ENTRY | |
Note | Reflets et perspectives de la vie économique | XLIX | 4 | 2011-01-27 | p. 29-37 | 0034-2971 |
856 41 - ELECTRONIC LOCATION AND ACCESS | |
Uniform Resource Identifier | <a href="https://shs.cairn.info/revue-reflets-et-perspectives-de-la-vie-economique-2010-4-page-29?lang=fr&redirect-ssocas=7080">https://shs.cairn.info/revue-reflets-et-perspectives-de-la-vie-economique-2010-4-page-29?lang=fr&redirect-ssocas=7080</a> |
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