There has not yet been sufficient global policy coordination to ameliorate global payment imbalances. Such coordination is badly needed to protect the global economy.

The United States is presently running its largest-ever external current-account deficit. In the absence of appropriate corrective policy measures by the major industrialized countries, this deficit has the potential for hampering the global economic recovery.

This seminar will examine the underlying causes of the large U.S. external payments imbalance. It...

China should bear its share of the adjustments made necessary by thelarge global payment imbalances.

Dominique Strauss-Kahn will face two significant challenges when he becomes managing director of the IMF in October.

China's remarkable economic growth over the past two decades has substantially increased China's importance in the world economy. At the same time, China's progressive integration into the global economy has had a profound impact on the economies of its main trade partners.

This seminar will focus on the question of...

A principal objective of the International Monetary Fund (IMF) is to promote exchange stability, maintain orderly exchange arrangements among member countries, and avoid competitive exchange depreciations. In today’s world of large global payment imbalances, the importance of attaining these objectives cannot be overestimated.This seminar will discuss the reforms...

In May 2010, the European debt crisis forced the European Commission to abandon its earlier "no bail out" policy and establish a massive safety net for the European periphery. But by the end of November, 2010, markets demanded record high interest rates on the European periphery's sovereign debt.

Global payment imbalances between the United States and the Asian economies are now at their widest level in the past sixty years.