Series: IMF Working Papers
Author(s): Gian Milesi-Ferretti
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2008
Keywords: U.S. dollar, real effective exchange rate, exchange rate, current account balance, effective exchange rate, trading partners,
The real effective exchange rate of the dollar is close to its minimum level for the past 4decades (as of September 2008). At the same time, however, the U.S. trade and currentaccount deficits remain large and, abs...