Roubini, Nouriel
May 2009
Forbes Asia;5/25/2009, Vol. 5 Issue 9, p45
The article presents information about the effect of the Bretton Woods II system of global imbalances on the global balance of trade. The effects of this system have reached far beyond the U.S. and Asia. The decrease in capital inflows due to the global financial crisis in the years 2008 and 2009 is necessitating a sharp adjustment in Eastern Europe's external imbalances.


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