The United States as a debtor nation: risks and policy response
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Washington, DC
Center for Global Development
2005
|
| Schlagworte: | |
| Online-Zugang: | Table of contents Inhaltsverzeichnis |
| Beschreibung: | Includes bibliographical references and index |
| Beschreibung: | XIX, 304 S. Ill. |
| ISBN: | 0881323993 |
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Datensatz im Suchindex
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| adam_text | CONTENTS PREFACE XI ACKNOWLEDGMENTS XIX OVERVIEW 1 1 THE INTERNATIONAL
DEBT CYCLE AND THE UNITED STATES AS AN EXTERNAL DEBTOR 9 THE DEBT CYCLE
10 MEASURING THE NET INTERNATIONAL INVESTMENT POSITION 13 THE DEBT CYCLE
IN PRACTICE 16 THE GLOBAL BALANCE SHEET DISCREPANCY 25 DEBT CYCLE STATUS
AND GROWTH PERFORMANCE 28 APPENDIX 1A ESTIMATING THE NET INTERNATIONAL
INVESTMENT POSITION 30 2 VALUATION EFFECTS, ASYMMETRIC RETURNS, AND
ECONOMIC NET FOREIGN ASSETS 33 US VALUATION EFFECTS 33 US ASYMMETRIC
CAPITAL RETURNS 48 CAPITAL SERVICES AND ECONOMIC VERSUS ACCOUNTING NET
FOREIGN ASSETS 57 ALTERNATIVE MEASURES: CASH FLOW VERSUS DEBT BURDEN 63
3 PROJECTING THE US CURRENT ACCOUNT DEFICIT AND NET FOREIGN ASSETS 69 A
SIMPLE PROJECTION MODEL 69 CALIBRATION AND DATA 73 IDENTIFYING THE
EXCHANGE RATE LAG 76 BACKCAST PERFORMANCE 78 BASELINE PROJECTIONS 80
COMPARISON WITH OTHER PROJECTIONS 85 ADJUSTMENT SCENARIOS 90 IMPACT
PARAMETERS 95 US FISCAL IMBALANCE AND THE EXTERNAL DEFICIT 99
UNDERSTANDING THE LINKAGES 99 THE DECLINE IN PERSONAL SAVING 117 FISCAL
OUTLOOK FOR 2005-10 122 LONG-TERM FISCAL PROBLEM 125 GENERAL EQUILIBRIUM
FRAMEWORK 128 TOWARD FISCAL AND EXTERNAL ADJUSTMENT 132 APPENDIX 4A A
SIMPLE GENERAL EQUILIBRIUM MODEL RELATING THE TRADE AND FISCAL BALANCES
135 SUSTAINABILITY OF THE US CURRENT ACCOUNT DEFICIT AND THE RISK OF
CRISIS 153 US SHARE IN GLOBAL PORTFOLIOS 154 DEBT RATIOS AND CRITICAL
THRESHOLDS 167 HARD LANDING, LONG-TERM BURDEN, AND PROTECTIONIST
PRESSURES 174 THE EVOLVING CRISIS DEBATE 184 APPENDIX 5A KEY FEATURES OF
LEADING RECENT ANALYSES 211 IMPACT OF THE US EXTERNAL IMBALANCE ON THE
REST OF THE WORLD 219 IMPACT ON GLOBAL DEMAND 219 IMPACT ON INTEREST
RATES 223 EMERGING-MARKET CAPITAL SUPPLY AND CURRENT ACCOUNT PERFORMANCE
225 DEVELOPING-COUNTRY RESERVES: BURDEN OR BONANZA? 229 EAST ASIAN
EXCHANGE RATE RIGIDITY 231 ACHIEVING GLOBAL ADJUSTMENT 233 APPENDIX 6A
OPTIMAL EXCHANGE RATE REALIGNMENT 248 APPENDIX 6B RECENT ALTERNATIVE
PROFILES PROPOSED FOR GLOBAL ADJUSTMENT 253 PRINCIPAL FINDINGS AND
POLICY IMPLICATIONS 259 THE INTERNATIONAL DEBT CYCLE 259 VALUATION
EFFECTS, ASYMMETRIC RETURNS, AND ECONOMIC NET FOREIGN ASSETS 261
FORECASTING THE US CURRENT ACCOUNT DEFICIT AND NET FOREIGN ASSETS 263
THE ROLE OF FISCAL ADJUSTMENT 265 SUSTAINABILITY AND RISKS OF THE
CURRENT ACCOUNT DEFICIT 268 GLOBAL IMPACT OF US EXTERNAL IMBALANCE 272
POLICY IMPLICATIONS 275 VI
|
| adam_txt |
CONTENTS PREFACE XI ACKNOWLEDGMENTS XIX OVERVIEW 1 1 THE INTERNATIONAL
DEBT CYCLE AND THE UNITED STATES AS AN EXTERNAL DEBTOR 9 THE DEBT CYCLE
10 MEASURING THE NET INTERNATIONAL INVESTMENT POSITION 13 THE DEBT CYCLE
IN PRACTICE 16 THE GLOBAL BALANCE SHEET DISCREPANCY 25 DEBT CYCLE STATUS
AND GROWTH PERFORMANCE 28 APPENDIX 1A ESTIMATING THE NET INTERNATIONAL
INVESTMENT POSITION 30 2 VALUATION EFFECTS, ASYMMETRIC RETURNS, AND
ECONOMIC NET FOREIGN ASSETS 33 US VALUATION EFFECTS 33 US ASYMMETRIC
CAPITAL RETURNS 48 CAPITAL SERVICES AND ECONOMIC VERSUS ACCOUNTING NET
FOREIGN ASSETS 57 ALTERNATIVE MEASURES: CASH FLOW VERSUS DEBT BURDEN 63
3 PROJECTING THE US CURRENT ACCOUNT DEFICIT AND NET FOREIGN ASSETS 69 A
SIMPLE PROJECTION MODEL 69 CALIBRATION AND DATA 73 IDENTIFYING THE
EXCHANGE RATE LAG 76 BACKCAST PERFORMANCE 78 BASELINE PROJECTIONS 80
COMPARISON WITH OTHER PROJECTIONS 85 ADJUSTMENT SCENARIOS 90 IMPACT
PARAMETERS 95 US FISCAL IMBALANCE AND THE EXTERNAL DEFICIT 99
UNDERSTANDING THE LINKAGES 99 THE DECLINE IN PERSONAL SAVING 117 FISCAL
OUTLOOK FOR 2005-10 122 LONG-TERM FISCAL PROBLEM 125 GENERAL EQUILIBRIUM
FRAMEWORK 128 TOWARD FISCAL AND EXTERNAL ADJUSTMENT 132 APPENDIX 4A A
SIMPLE GENERAL EQUILIBRIUM MODEL RELATING THE TRADE AND FISCAL BALANCES
135 SUSTAINABILITY OF THE US CURRENT ACCOUNT DEFICIT AND THE RISK OF
CRISIS 153 US SHARE IN GLOBAL PORTFOLIOS 154 DEBT RATIOS AND CRITICAL
THRESHOLDS 167 HARD LANDING, LONG-TERM BURDEN, AND PROTECTIONIST
PRESSURES 174 THE EVOLVING CRISIS DEBATE 184 APPENDIX 5A KEY FEATURES OF
LEADING RECENT ANALYSES 211 IMPACT OF THE US EXTERNAL IMBALANCE ON THE
REST OF THE WORLD 219 IMPACT ON GLOBAL DEMAND 219 IMPACT ON INTEREST
RATES 223 EMERGING-MARKET CAPITAL SUPPLY AND CURRENT ACCOUNT PERFORMANCE
225 DEVELOPING-COUNTRY RESERVES: BURDEN OR BONANZA? 229 EAST ASIAN
EXCHANGE RATE RIGIDITY 231 ACHIEVING GLOBAL ADJUSTMENT 233 APPENDIX 6A
OPTIMAL EXCHANGE RATE REALIGNMENT 248 APPENDIX 6B RECENT ALTERNATIVE
PROFILES PROPOSED FOR GLOBAL ADJUSTMENT 253 PRINCIPAL FINDINGS AND
POLICY IMPLICATIONS 259 THE INTERNATIONAL DEBT CYCLE 259 VALUATION
EFFECTS, ASYMMETRIC RETURNS, AND ECONOMIC NET FOREIGN ASSETS 261
FORECASTING THE US CURRENT ACCOUNT DEFICIT AND NET FOREIGN ASSETS 263
THE ROLE OF FISCAL ADJUSTMENT 265 SUSTAINABILITY AND RISKS OF THE
CURRENT ACCOUNT DEFICIT 268 GLOBAL IMPACT OF US EXTERNAL IMBALANCE 272
POLICY IMPLICATIONS 275 VI |
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| illustrated | Illustrated |
| index_date | 2024-07-02T13:59:09Z |
| indexdate | 2024-07-09T20:35:37Z |
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| isbn | 0881323993 |
| language | English |
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| spelling | Cline, William R. 1941- Verfasser (DE-588)132068362 aut The United States as a debtor nation risks and policy response William R. Cline Washington, DC Center for Global Development 2005 XIX, 304 S. Ill. txt rdacontent n rdamedia nc rdacarrier Includes bibliographical references and index Balance of trade - United States Debts, External - United States Investments, American Debts, External United States Balance of trade United States Handelsbilanz Außenhandel (DE-588)4023232-3 gnd rswk-swf Debt Management (DE-588)4121127-3 gnd rswk-swf United States - Commercial policy USA United States Commercial policy USA (DE-588)4078704-7 gnd rswk-swf USA (DE-588)4078704-7 g Debt Management (DE-588)4121127-3 s Handelsbilanz Außenhandel (DE-588)4023232-3 s DE-604 http://www.loc.gov/catdir/toc/ecip0515/2005018957.html Table of contents SWB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=014642161&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Cline, William R. 1941- The United States as a debtor nation risks and policy response Balance of trade - United States Debts, External - United States Investments, American Debts, External United States Balance of trade United States Handelsbilanz Außenhandel (DE-588)4023232-3 gnd Debt Management (DE-588)4121127-3 gnd |
| subject_GND | (DE-588)4023232-3 (DE-588)4121127-3 (DE-588)4078704-7 |
| title | The United States as a debtor nation risks and policy response |
| title_auth | The United States as a debtor nation risks and policy response |
| title_exact_search | The United States as a debtor nation risks and policy response |
| title_exact_search_txtP | The United States as a debtor nation risks and policy response |
| title_full | The United States as a debtor nation risks and policy response William R. Cline |
| title_fullStr | The United States as a debtor nation risks and policy response William R. Cline |
| title_full_unstemmed | The United States as a debtor nation risks and policy response William R. Cline |
| title_short | The United States as a debtor nation |
| title_sort | the united states as a debtor nation risks and policy response |
| title_sub | risks and policy response |
| topic | Balance of trade - United States Debts, External - United States Investments, American Debts, External United States Balance of trade United States Handelsbilanz Außenhandel (DE-588)4023232-3 gnd Debt Management (DE-588)4121127-3 gnd |
| topic_facet | Balance of trade - United States Debts, External - United States Investments, American Debts, External United States Balance of trade United States Handelsbilanz Außenhandel Debt Management United States - Commercial policy USA United States Commercial policy |
| url | http://www.loc.gov/catdir/toc/ecip0515/2005018957.html http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=014642161&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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