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Policy Brief

Global imbalances: time for action

Increasing nervousness in world financial markets give new relevance to the long-standing issues of global current account adjustment. It reminds policymakers that this adjustment, if improperly managed, could lead to further drops in assets prices, disruptions in the global trading system, and possible world recession. The authors of this Policy Brief assess how to achieve […]

By: Alan Ahearne, Yung Chul Park, William R. Cline, Jean Pisani-Ferry, Kyung Tae Lee and John Williamson Topic: Global economy and trade Date: February 28, 2007