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010 a| 2005018957;

020 a| 0881323993 (pbk.);

020 a| 9780881323993 (pbk.);

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029 1 a| YDXCPb| 2191004;

029 1 a| NZ1b| 9793296;

029 1 a| AU@b| 000027714029;

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035 a| (Sirsi) o60824208;

035 a| (OCoLC)60824208;

042 a| pcc;

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049 a| NPEE;

050 00 a| HJ8119b| .C55 2005;

082 00 a| 336.3/4/09732| 22;

084 a| 83.442| bcl;

100 1 a| Cline, William R.;

245 14 a| The United States as a debtor nation /c| William R. Cline.;

260 a| Washington, DC :b| Institute for International Economics :b| Center for Global Development,c| 2005.;

300 a| xix, 304 pages :b| illustrations ;c| 23 cm;

336 a| text2| rdacontent;

337 a| unmediated2| rdamedia;

338 a| volume2| rdacarrier;

504 a| Includes bibliographical references (p. 283-290) and index.;

505 0 a| 1. The international debt cycle and the United States as an external debtor -- The debt cycle -- Measuring the net international investment position -- The debt cycle in practice -- The global balance sheet discrepancy -- Debt cycle status and growth performance -- Appendix 1A. Estimating the net international investment position -- 2. Valuation effects, asymmetric returns, and economic net foreign assets -- US valuation effects -- US asymmetric capital returns -- Capital services and economic versus accounting net foreign assets -- Alternative measures : cash flow versus debt burden -- 3. Projecting the US current account deficit and net foreign assets -- A simple projection model -- Calibration and data -- Identifying the exchange rate lag -- Backcast performance -- Baseline projections -- Comparison with other projections -- Adjustment scenarios -- Impact parameters -- 4. US fiscal imbalance and the external deficit -- Understanding the linkages -- The decline in personal saving -- Fiscal outlook for 2005-10 -- Long-term fiscal problem -- General equilibrium framework -- Toward fiscal and external adjustment -- Appendix 4A. A simple general equilibrium model relating the trade and fiscal balances -- 5. Sustainability of the US current account deficit and the risk of crisis -- US share in global portfolios -- Debt ratios and critical thresholds -- Hard landing, long-term burden, and protectionist pressures -- The evolving crisis debate -- Appendix 5A. Key features of leading recent analyses -- 6. Impact of the US external imbalance on the rest of the world -- Impact on global demand -- Impact on interest rates -- Emerging-market capital supply and current account performance -- Developing-country reserves : burden or bonanza? -- East Asian exchange rate rigidity -- Achieving global adjustment -- Appendix 6A. Optimal exchange rate realignment -- Appendix 6B. Recent alternative profiles proposed for global adjustment -- 7. Principal findings and policy implications -- The international debt cycle -- Valuation effects, asymmetric returns, and economic net foreign assets -- Forecasting the US current account deficit and net foreign assets -- The role of fiscal adjustment -- Sustainability and risks of the current account deficit -- Global impact of US external imbalance -- Policy implication.;

650 0 a| Debts, Externalz| United States.;

650 0 a| Balance of tradez| United States.;

650 0 a| Investments, American.;

651 0 a| United Statesx| Commercial policy.;

710 2 a| Center for Global Development.;

710 2 a| Institute for International Economics (U.S.);

856 41 3| Table of contentsu| http://www.loc.gov/catdir/toc/ecip0515/2005018957.html;

994 a| C0b| NPE;

938 a| Baker & Taylorb| BKTYc| 26.95d| 20.21i| 0881323993n| 0006298889s| active;

938 a| YBP Library Servicesb| YANKn| 2191004;

938 a| Baker and Taylorb| BTCPn| 2005018957;

590 a| Little-348946--305131055312T;

596 a| 1 2;

998 a| 1757320;

999 a| HJ8119 .C55 2005w| LCc| 1i| 30372013514432d| 12/7/2012e| 11/15/2012f| 3/26/2009g| 1l| JGESm| JOYNERn| 1p| $25.60r| Ys| Yt| JGESBKu| 11/23/2005x| BOOKz| JSTACKSo| .STAFF. 0;

The United States as a debtor nation / William R. Cline.

Author/creator	Cline, William R.
Other author	Center for Global Development.
Other author	Institute for International Economics (U.S.)
Format	Book
Publication Info	Washington, DC : Institute for International Economics : Center for Global Development, 2005.
Description	xix, 304 pages : illustrations ; 23 cm
Supplemental Content	Table of contents
Subjects	Debts, External--United States. Balance of trade--United States. Investments, American. United States--Commercial policy.

Contents	1. The international debt cycle and the United States as an external debtor -- The debt cycle -- Measuring the net international investment position -- The debt cycle in practice -- The global balance sheet discrepancy -- Debt cycle status and growth performance -- Appendix 1A. Estimating the net international investment position -- 2. Valuation effects, asymmetric returns, and economic net foreign assets -- US valuation effects -- US asymmetric capital returns -- Capital services and economic versus accounting net foreign assets -- Alternative measures : cash flow versus debt burden -- 3. Projecting the US current account deficit and net foreign assets -- A simple projection model -- Calibration and data -- Identifying the exchange rate lag -- Backcast performance -- Baseline projections -- Comparison with other projections -- Adjustment scenarios -- Impact parameters -- 4. US fiscal imbalance and the external deficit -- Understanding the linkages -- The decline in personal saving -- Fiscal outlook for 2005-10 -- Long-term fiscal problem -- General equilibrium framework -- Toward fiscal and external adjustment -- Appendix 4A. A simple general equilibrium model relating the trade and fiscal balances -- 5. Sustainability of the US current account deficit and the risk of crisis -- US share in global portfolios -- Debt ratios and critical thresholds -- Hard landing, long-term burden, and protectionist pressures -- The evolving crisis debate -- Appendix 5A. Key features of leading recent analyses -- 6. Impact of the US external imbalance on the rest of the world -- Impact on global demand -- Impact on interest rates -- Emerging-market capital supply and current account performance -- Developing-country reserves : burden or bonanza? -- East Asian exchange rate rigidity -- Achieving global adjustment -- Appendix 6A. Optimal exchange rate realignment -- Appendix 6B. Recent alternative profiles proposed for global adjustment -- 7. Principal findings and policy implications -- The international debt cycle -- Valuation effects, asymmetric returns, and economic net foreign assets -- Forecasting the US current account deficit and net foreign assets -- The role of fiscal adjustment -- Sustainability and risks of the current account deficit -- Global impact of US external imbalance -- Policy implication.
Local note	Little-348946--305131055312T
Bibliography note	Includes bibliographical references (p. 283-290) and index.
LCCN	2005018957
ISBN	0881323993 (pbk.)
ISBN	9780881323993 (pbk.)

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The United States as a debtor nation / William R. Cline.

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