 | Current Account Rebalancing and Real Exchange Rate Adjustment Between the U.S. and Emerging Asia Author/Editor: Damiano Sandri, Pau Rabanal, Isabelle Mejean. Release Date:March, 2011 A reduction in the U.S. current account deficit vis-à-vis emerging Asia involves a shift in demand from U.S. to emerging Asia tradable goods and a change in international relative prices. This paper more...
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