Carlos M.Pelaez – The Global Recession Risk

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Carlos M. Pelaez – The risk of global recession

Product description

The current account deficit of the United States is close to a trillion dollars, absorbing 75 percent of world surpluses. An upward sale of US debt could cause a global recession through a disorderly devaluation of the dollar, raising interest rates and falling stock markets. The G7 doctrine of shared responsibility is intended to coordinate regional efforts. There is little political capital in most regions for these reforms. The devaluation of the dollar could be faster than the G7’s policy coordination. This book looks at the main problems and individual regions, including China, Japan, the EU, and the US. USA

About the Author

CARLOS M. PELÁEZ received a PhD and BS, Phi Beta Kappa, from Columbia University, New York City, USA. USA He has published books, essays, and articles worldwide. He was Director of Banco Chase and of the Association of Banks of Rio de Janeiro and Vice President of Chase Manhattan Bank, EE. USA He is CEO of CMP Associates, USA. USA

CARLOS A. PELÁEZ received the BA in Statistics from the University of Chicago, United States. He published International Financial Architecture with Palgrave, as well as a book on globalization and an essay on the global electrical industry. He is associate editor of the Journal of International Economic Law at the University of Pennsylvania School of Law, USA. USA