"Examines the large imbalances in the world economy that contributed to the financial crisis of 2000-09, especially among those economies ordering the Pacific with the large deficits in the United States and the offsetting surpluses in East Asia, and how national policies could be coordinated to...

"The importance of international considerations in the US Federal Reserve System's deliberations has become more and more important over time as global financial crises and events create ever stronger repercussions in the US economy. This book critically evaluates the role of the Federal Reserve...