TY  - BOOK
AU  - Milesi-Ferretti,Gian
TI  - Fundamentals at Odds? The U.S. Current Account Deficit and The Dollar
T2  - IMF Working Papers; Working Paper
SN  - 145187118X :
SN  - 1018-5941
PY  - 2008///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Current Account Balance
KW  - imf
KW  - Effective Exchange Rate
KW  - Exchange Rate
KW  - Real Effective Exchange Rate
KW  - Trading Partners
KW  - U.S. Dollar
KW  - United States
N2  - The real effective exchange rate of the dollar is close to its minimum level for the past 4decades (as of September 2008). At the same time, however, the U.S. trade and currentaccount deficits remain large and, absent a significant correction in coming years, wouldcontribute to a further accumulation of U.S. external liabilities. The paper discusses thetension between these two aspects of the dollar assessment, and what factors can helpreconcile them. It focuses in particular on the terms of trade, adjustment lags, andmeasurement issues related to both the real effective exchange rate and the current accountbalance
UR  - http://elibrary.imf.org/view/IMF001/09715-9781451871180/09715-9781451871180/09715-9781451871180.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451871180
ER  -