Chapter

Reserve Accumulation in East Asia and Transpacific Trade Imbalance<sup>*</sup>

Yung Chul Park

in Economic Liberalization and Integration in East Asia

Published in print December 2005 | ISBN: 9780199276776
Published online February 2006 | e-ISBN: 9780191603051 | DOI: http://dx.doi.org/10.1093/0199276773.003.0021
 Reserve Accumulation in East Asia and Transpacific Trade Imbalance*

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The imbalance in massive foreign currency reserves held by East Asian countries combined with a record US current account deficit has the potential to throw the global economy into financial turmoil or recession. Different views on this imbalance are explored, along with policy options and intra-regional cooperation.

Keywords: trade imbalance; currency reserves; current account; deficit; savings rate; stabilization policy; appreciation

Chapter.  9912 words.  Illustrated.

Subjects: Business and Management

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