Dollar Demand, Offshore Finance, and the External Constraint
Maurice Obstfeld opens his recent PIIE note with a crisp proposition: the world does not need America’s current-account deficit to satisfy excess demand for dollars. In the narrow…
Maurice Obstfeld opens his recent PIIE note with a crisp proposition: the world does not need America’s current-account deficit to satisfy excess demand for dollars. In the narrow…
During the 16th FIW conference, I had the chance to attend the policy panel on the “Tectonic shifts in the international economic order”. Giorgia Giovannetti gave us some…
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