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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| Format: | Electronic eBook |
| Language: | English |
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Houndmills, Basingstoke, Hampshire [England] ; New York :
Palgrave Macmillan,
2007.
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