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Andrew Walter (London - Dec 2010)
1.
Global imbalances –
lessons from Bretton Woods? Andrew Walter, LSE
2.
3.
Current account balances,
% world GDP, 1970-2009 Source: World Bank, WDI
4.
US imbalances &
inflation, 1960-2009 Source: Economic Report of the President database.
5.
Source: US Bureau
of Economic Analysis
6.
Source: US Bureau
of Economic Analysis
7.
8.
Modest exchange rate
adjustments major currencies vs. US$ 1955-1973 (3 Jan 1960=100)
9.
10.
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