Keyword: Reserve currency

Dividing the Pie (5/13/2010)

Over-extended American consumers provided the ultimate market for consumer goods exported from low-wage countries that are willing to sell on credit.

Keywords: cheap labor, credit, economic pie, globalization, imbalance, profit share, Reserve currency, saving rate, trade deficit, wage share

Free Money? (5/12/2010)

The dollar as an international reserve currency allows the United States to pile up huge budget and trade deficits as export-surplus countries accumulate dollars for their foreign exchange reserves.

Keywords: appreciation, budget deficits, central banks, dollar, foreign exchange reserves, free money, IOU, Reserve currency, trade deficits, yuan

Sinking Dollar (1/21/2010)

The US dollar has been losing its value as an international reserve currency due to its persistent trade deficits.

Keywords: foreign exchange, Gisele Bundchen, reserve currency, trade deficit, US dollar, yuan