Goldstein, Morris (contributor) - 2004 - [Elektronische Ressource]
order of
15 to 25 percent; (ii) China has been “manipulating” its currency, contrary to IMF rules of the game; (iii)
it … underlying balance approach has a long tradition and has often been employed for exchange rate
analysis in the IMF.
2
It views … IMF (2004) projections, the US current-account deficit this year will be about $495
billion, just over 4 percent of GDP …