Dollar Overvaluation and the World Economy

by John Williamson and C. Fred Bergsten

The dollar rose by about 35 percent in real terms from 1995 through the end of 2001, supporting the booming US economy of the late 1990s but pushing the current account deficit to a record high of almost 5 percent of GDP. This special report provides alternative views of how large a dollar depreciation would be needed to restore a sustainable position (Jim O'Neill, Michael Rosenberg, and Catherine Mann), analyzes the impact of currency misalignments...

• Format: Paperback
• Language: English
• ISBN: 0881323519
• ISBN13: 9780881323511
• Release Date: February 2003
• Publisher: Peterson Institute for International Economic
• Length: 336 Pages
• Weight: 1.00 lbs.
• Dimensions: 0.6" x 6.1" x 9.0"
• Grade Range: Postsecondary and higher