Global Imbalances and the International Reserve System

17 Pages Posted: 9 May 2005

See all articles by Pingfan Hong

Pingfan Hong

United Nations - Department of Economic and Social Affairs (DESA)

Date Written: May 2005

Abstract

Policymakers worldwide are primarily concerned about the sustainability of the global imbalances and the implications for the stability of the world economy, but they have not paid enough attention to the implications of the imbalances for the equity and efficiency of the resource allocation across countries. While most analysts mainly focus on the macroeconomic and structural issues associated with imbalances, this article emphasizes the inherent connection between the global imbalances and the flawed international reserve system.

Keywords: Global imbalances, international reserve system, US deficit

JEL Classification: F33, F00

Suggested Citation

Hong, Pingfan, Global Imbalances and the International Reserve System (May 2005). Available at SSRN: https://ssrn.com/abstract=720225 or http://dx.doi.org/10.2139/ssrn.720225

Pingfan Hong (Contact Author)

United Nations - Department of Economic and Social Affairs (DESA) ( email )

New York, NY 10017
United States
212-963-4701 (Phone)
212-963-1061 (Fax)

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
204
Abstract Views
1,374
Rank
269,996
PlumX Metrics