The Macroeconomics Of Global Imbalances: European And Asian Perspectives (routledge Studies In The Modern World Economy)
by Marc Uzan /
2008 / English / PDF
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This book is the result of a workshop on the effects of
globalization on Asian and European countries, organized by Marc
Uzan and the Austrian Ministry of Finance in April 2006. Bringing
together key academics, policy makers and private market
participants, these chapters cover the current debate of global
imbalances and the way to resolve the disequilibrium in the
international monetary system and understand the need for
international cooperation among the different monetary areas of
the world.
This book is the result of a workshop on the effects of
globalization on Asian and European countries, organized by Marc
Uzan and the Austrian Ministry of Finance in April 2006. Bringing
together key academics, policy makers and private market
participants, these chapters cover the current debate of global
imbalances and the way to resolve the disequilibrium in the
international monetary system and understand the need for
international cooperation among the different monetary areas of
the world.
Various important points come out of the book; firstly there is
an emphasis on the difficulties for Europeans and Asians to find
common positions vis-à-vis global imbalances due to different
exchange rate regimes throughout Asia preventing similar
responses. The role of the US dollar as a world currency is also
discussed, as well as EU regional monetary cooperation and an
analysis of the Euro. The implementation of economic policy to
redress global imbalances is also considered, as is the emergence
of China on the world stage and its industrial development
projects. These questions and the way the international financial
community will resolve them, will have a huge impact in the
functioning of the international monetary system. The current
unwinding of the global imbalances that we are facing with the
global market disruptions since August 2007, demonstrate that a
new geography of international finance is emerging between Europe
and Asia. The book addresses also the way that a dialog in the
field in monetary arena needs to be structured between Europe and
Asia.
Various important points come out of the book; firstly there is
an emphasis on the difficulties for Europeans and Asians to find
common positions vis-à-vis global imbalances due to different
exchange rate regimes throughout Asia preventing similar
responses. The role of the US dollar as a world currency is also
discussed, as well as EU regional monetary cooperation and an
analysis of the Euro. The implementation of economic policy to
redress global imbalances is also considered, as is the emergence
of China on the world stage and its industrial development
projects. These questions and the way the international financial
community will resolve them, will have a huge impact in the
functioning of the international monetary system. The current
unwinding of the global imbalances that we are facing with the
global market disruptions since August 2007, demonstrate that a
new geography of international finance is emerging between Europe
and Asia. The book addresses also the way that a dialog in the
field in monetary arena needs to be structured between Europe and
Asia.
