Why global imbalances do matter
If the US wants to accelerate a worldwide discussion with a policy intervention, the obvious one would be a tax on capital inflows
Related reading
Why global imbalances matter
They lie at the intersection of almost everything that matters in geoeconomics and geopolitics
Imbalances are back on the global agenda
Policymakers must overcome the mercantilist fallacy that the way to get rich is by running surpluses forever
The US decoupling from the global gloom has limits
Total economic and financial insulation is an impossibility
How to manage US asset dominance in portfolios
Dollar hedges will continue to be in demand but investors may have to consider other options too
Any tidal shift of investors away from the US will take time
Despite a stock rally, it is still unwise to assume the view of investors of America is not changing
A Keynesian solution to global imbalances
Economists have been proposing fixes to structural problems created by an international reserve currency since the 1940s