Financial Crisis and Global Disequilibria: The Stability of the Dollar at Question (notice n° 576910)

détails MARC
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Language code of text/sound track or separate title fre
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Authentication code dc
100 10 - MAIN ENTRY--PERSONAL NAME
Personal name Blot, Christophe
Relator term author
245 00 - TITLE STATEMENT
Title Financial Crisis and Global Disequilibria: The Stability of the Dollar at Question
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Date of publication, distribution, etc. 2011.<br/>
500 ## - GENERAL NOTE
General note 25
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Summary, etc. The dollar proved remarkably stable during the financial crisis despite a persistent US current account deficit. However, global imbalances may have played a role in the financial turmoil by explaining why long-term interest rates remained low for a prolonged period, fueling demand for toxic assets. Contrary to this view, we believe that property-related and structured assets bubbles are mainly due to intrinsic instability in financing. Questions over the dollar’s stability remain acute. The so-called Bretton Woods II system is fragile, as shown by the recent financing of the US current account deficit. Better coordination of macroeconomic policies is needed if we are to avoid undesirable instability in the exchange rate market.
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Topical term or geographic name as entry element current account
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Topical term or geographic name as entry element dollar
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Topical term or geographic name as entry element financial crisis
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Topical term or geographic name as entry element Bretton Woods II
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Note Reflets et perspectives de la vie économique | Volume 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/journal-reflets-et-perspectives-de-la-vie-economique-2010-4-page-29?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-reflets-et-perspectives-de-la-vie-economique-2010-4-page-29?lang=en&redirect-ssocas=7080</a>

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