Global rebalancing : implications for low-income countries / WP/11/239

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Bibliographic Details
Author / Creator:Yang, Yongzheng, author.
Imprint:[Washington, D.C.] : International Monetary Fund, 2011.
Description:1 online resource (31 pages) : color illustrations
Language:English
Series:IMF working paper ; WP/11/239
IMF working paper ; WP/11/239.
Subject:International finance -- Econometric models.
Economic history.
International finance -- Econometric models.
Developing countries -- Economic conditions.
Developing countries -- Economic conditions -- Econometric models.
Developing countries.
Electronic books.
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12499478
Hidden Bibliographic Details
Other authors / contributors:International Monetary Fund. Asia and Pacific Department, issuing body.
ISBN:1283565250
9781283565257
9781463999315
1463999313
Notes:At head of title: Asian-Pacific Department.
Title from PDF title page (IMF, viewed Oct. 25, 2011).
"October 2011."
Includes bibliographical references.
Summary:While global rebalancing will mainly involve structural realignment among major advanced and emerging market economies, it could have significant impact on low-income countries (LICs). Simulations using a global general equilibrium model show that a more balanced global economy would tend to improve the current account balance in LICs with limited impact on domestic output. However, there could be adverse terms of trade effects on some LICs as the prices of manufactured goods rise. On the other hand, such prices increases could provide an impetus to export diversification in many LICs, raising growth in the long run. The output and terms of trade effects would be significantly amplified if structural adjustment is impeded by factor immobility and other rigidities.
Other form:Print version: Yang, Yongzheng. Global Rebalancing: Implications for Low-Income Countries. Washington : International Monetary Fund, ©2011 9781463922610