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Causes and Consequences of Global Imbalances: Perspective from Developing Asia. Asian Development Review, Vol. 26(1), pp. 19-47

dc.contributor.authorCharles Adams
dc.contributor.authorDonghyun Park
dc.date.accessioned2015-01-24T13:08:28Z
dc.date.available2015-01-24T13:08:28Z
dc.date.issued2009-03-28T13:08:28Z
dc.identifier.urihttp://hdl.handle.net/11540/1685
dc.description.abstractGlobal current account imbalances are one of the key macroeconomic imbalances that underlie the global financial crisis. The central objective of this paper is to analyze the causes and consequences of global imbalances from the perspective of developing Asia. More specifically, the paper examines the root causes of the large and persistent current account surpluses that have emerged in the region since the Asian crisis. The paper also explores the consequences of global imbalances for the region, in terms of welfare and economic growth. Based on the analysis, a number of concrete policy directions are recommended that will help Asia rebalance its demand and growth toward domestic sources.
dc.languageEnglish
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.titleCauses and Consequences of Global Imbalances: Perspective from Developing Asia. Asian Development Review, Vol. 26(1), pp. 19-47
dc.typeJournals
dc.subject.adbMacroeconomic
dc.subject.adbFinancial crisis
dc.subject.adbEconomic crisis
dc.subject.adbEconomic Issues
dc.title.seriesAsian Development Review
dc.title.volumeVolume 26, Number 1, pp. 19-47
dc.contributor.imprintAsian Development Bank
oar.themeClimate
oar.themeAgriculture
oar.identifierOAR-002495
oar.authorAdams, Charles
oar.authorPark, Donghyun
oar.importtrue
oar.googlescholar.linkpresenttrue


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  • Asian Development Review
    The Asian Development Review (ADR) is a professional journal for disseminating the results of economic and development research relevant to Asia and the Pacific. Since 1983, the ADR has been an important part of the history of the Asian Development Bank and its mission to reduce poverty across Asia and the Pacific.

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