PL EN


2006 | 4 | 425-473
Article title

Problem of the International Disequilibria in Balances of Payments

Authors
Title variants
Languages of publication
PL
Abstracts
EN
The existing and increasing imbalances in international payments are particularly well visible in the current account deficit of the US and the surpluses of a number of other countries. It is a complex problem as the constantly growing foreign debt of the US puts forward a question concerning the limits to its growth as well as its potential implications for the American economy and the rest of the world. A possibility of a sudden fall down of the dollar threatens interest rates, stock exchanges and opens a way toward worldwide recession. The author dwells on remedial measures that might stave off a potential global crisis, advocating a multi–pronged strategy - an internationally coordinated effort. An important role would be played by modifications of economic policies pursued by the leading countries and the reform of international financial institutions, especially of the International Monetary Fund.
Year
Issue
4
Pages
425-473
Physical description
Document type
ARTICLE
Contributors
author
  • K. Lutkowski, Szkola Glowna Handlowa w Warszawie, al. Niepodleglosci 162, 02-554 Warszawa, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
07PLAAAA02104461
YADDA identifier
bwmeta1.element.30f69077-7443-3cf5-bab0-9067e18eae89
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