2010 Fiscal Year Final Research Report
Research on Global Imbalance and a New Adjustment Mechanism
| Project/Area Number |
20330066
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| Research Category |
Grant-in-Aid for Scientific Research (B)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Public finance/Monetary economics
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| Research Institution | Kobe University |
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Principal Investigator |
FUJITA Seiichi Kobe University, 経済学研究科, 教授 (40135778)
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| Co-Investigator(Kenkyū-buntansha) |
MATSUBAYASHI Toichi 神戸大学, 経済学研究科, 教授 (90239062)
KENTARO Iwatsubo 神戸大学, 経済学研究科, 准教授 (90372466)
SHIGETO Kitano 神戸大学, 経済経営研究所, 准教授 (00362260)
SHINGO Iokibe 同志社大学, 商学部, 准教授 (30411060)
HOSHIKAWA TAKESHI 近畿大学, 経済学部, 講師 (20467674)
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| Project Period (FY) |
2008 – 2010
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| Keywords | グローバル・インバランス / 経常収支不均衡 / 維持可能性 / 為替調整 |
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| Research Abstract |
Main findings are as follows, (1)Global Imbalance can be analyzed from various view points, (2)Adjustment mechanism through exchange rate movements has become weak, (3)Causes of current account surplus of China is excessive savings and the revaluation effects of RMB is seemed to be small, (4)Yen-carry trade can be seen as a cause of World Financial Crisis. (See Seiichi FUJITA and Kntaro IWATSUBO eds. Economic Analysis of Global Imbalance, Yuhikaku, 2010.
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