TITLE

The Impact Of A US Dollar Crash On Asia

PUB. DATE
January 2006
SOURCE
Asia Monitor: South East Asia Monitor Volume 1;Jan2006, Vol. 17 Issue 1, p1
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
The article discusses the impact of a US dollar crash on Asia. A sharp depreciation of the US dollar would have a significantly adverse effect upon the global economy. Although it would bring the U.S. current account deficit back towards a sustainable level, a dollar correction would have negative consequences for other developed countries, as well as emerging markets. The U.S. is running a current account deficit of around 6% of gross domestic product, a level considered to be unsustainable by the International Monetary Fund over the longer term.
ACCESSION #
19151374

 

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