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Dollar Overvaluation and the World Economy

Dollar Overvaluation and the World Economy

by C. Fred Bergsten and John Williamson
Paperback
Publication Date: 24/02/2003

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The dollar rose by about 35 percent in real terms from 1995 through the end of 2001, supporting the booming US economy of the late 1990s but pushing the current account deficit to a record high of almost 5 percent of GDP. This special report provides alternative views of how large a dollar depreciation would be needed to restore a sustainable position (Jim O'Neill, Michael Rosenberg, and Catherine Mann), analyzes the impact of currency misalignments on each of the three major economies (Martin Baily for the United States, William Cline for Japan, and Daniel Gros for Euroland), and discusses the role of exchange market intervention in addressing the issues (Kathryn Dominguez, Edwin M. Truman, and Ernest Preeg).
ISBN:
9780881323511
9780881323511
Category:
International finance
Format:
Paperback
Publication Date:
24-02-2003
Language:
English
Publisher:
The Peterson Institute for International Economics
Country of origin:
United States
Pages:
336
Dimensions (mm):
228x155x16mm
Weight:
0.47kg
John Williamson

John Williamson is without question an Australian Icon. His entertainment career spans more than forty years boasting sales of over 5 million albums.

His unofficial anthems, tender ballads and tributes to unsung heroes have captured the spirit of the nation in song more than any other performer.

He remains one of the most in-demand live performers in Australia. His fiftieth album, Honest People, was released at the same time as his autobiography.

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