The U.S. current account and the dollar

The dollar has further to fall, according to a recent paper by Professors Blanchard, Giavazzi and Sa of MIT, and an end to the Chinese peg might - contrary to conventional thinking - be bad for Europe, they argue.

Click here (then click the SSRN button) to download the Working Paper "The U.S. current account and the dollar" from the Social Science Research Network's website

At twice the size of its Reagan-era peak in percentage terms and equivalent to the GNP of Spain, the US current account is

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