The Inefficiency of the Adjustment Mechanism in the Contemporary Global Economy. The Case of the United States and China
In the current international monetary system, the adjustment mechanism does not work properly to eliminate the excessive surpluses/deficits on the current accounts of the major countries that participate in international trade. Consequently, the adjustment changes do not take place in an evolutionar...
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| Format: | Article |
| Language: | English |
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Lodz University Press
2022-03-01
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| Series: | Comparative Economic Research |
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| Online Access: | https://czasopisma.uni.lodz.pl/CER/article/view/12939 |