The global recession risk [electronic resource] : dollar devaluation and the world economy / Carlos M. Peláez and Carlos A. Peláez.

The US current account deficit approaches one trillion dollars, absorbing 75 percent of world surpluses. A fire sale of US debt could cause a global recession through disorderly devaluation of the dollar, rising interest rates and crashing stock markets. The G7 doctrine of shared responsibility inte...

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Bibliographic Details

Online Access:	Full Text (via Springer)
Main Author:	Peláez, Carlos Manuel
Other Authors:	Peláez, Carlos A., 1976-
Format:	Electronic eBook
Language:	English
Published:	Houndmills, Basingstoke, Hampshire [England] ; New York : Palgrave Macmillan, 2007.
Subjects:	Monetary policy. Dollar, American. Recessions. Balance of payments > Group of Seven countries. International finance. Balance of payments. Group of Seven countries.