Imbalances
in sentence
916 examples of Imbalances in a sentence
In fact, both sides should be working to recalibrate their bilateral imbalances: Americans should spend less and save more, and Chinese should spend more and save less.
As a result, the summit will most likely produce sincere pledges to work together to stimulate the global recovery and adjust the two sides’ economic
imbalances
– but not much more.
Anyone concerned about economic imbalances, and about excessive reliance on a volatile financial sector, will certainly hope that this aspect of the BoE’s “forward guidance” proves as unreliable as its forecasts of unemployment have been.
At the same time, key current-account
imbalances
– between the US and China (and other emerging-market economies), and within the eurozone between the core and the periphery – remain large.
As a result, dealing with stock
imbalances
– the large debts of households, financial institutions, and governments – by papering over solvency problems with financing and liquidity may eventually give way to painful and possibly disorderly restructurings.
Likewise, addressing weak competitiveness and current-account
imbalances
requires currency adjustments that may eventually lead some members to exit the eurozone.
Greece’s troubles have encouraged some to wonder aloud if the euro zone can survive its growing internal
imbalances.
As investors reduce their exposure to the eurozone periphery’s sovereigns, banks, and corporations, both flow and stock
imbalances
will need to be financed.
Before the 2008 crisis, there was much talk of global imbalances, and the need for the trade-surplus countries, like Germany and China, to increase their consumption.
But correcting
imbalances
and addressing short-term slowdowns or recessions, while important, should not be allowed to overshadow the need to establish long-term conditions for solid and sustainable economic growth.
Every year, Chile’s finance ministry asks a group of independent experts how fast Chile can grow without triggering inflation or other
imbalances.
Until 2007,
imbalances
within the eurozone largely resulted from too little saving and/or too much real-estate investment, resulting in a growing accumulation of private debt.
Ironically, the IMF’s new investment mantra ultimately leads back to large global
imbalances.
But, far from decrying this as a major failure of global policy coordination, economists should accept
imbalances
as the natural state of the world and try to manage the resulting distortions.
Indeed, almost every period of globalization and prosperity has been accompanied by symbiotic
imbalances.
There is no reason why Bretton Woods 3 should not experience similar
imbalances.
These are not the sort of
imbalances
to which the world’s policymakers should aspire.
But markets are subject to
imbalances
that individual participants may ignore if they think they can offload their positions on someone else.
Regulators, by contrast, cannot ignore these imbalances, because if too many participants are on the same side, positions cannot be liquidated without causing a discontinuity or, worse, financial collapse.
Hedge funds and other large investors must also be closely monitored to ensure that they don’t build up dangerous
imbalances.
This will exacerbate existing
imbalances
in the bilateral trade relationship – China currently exports to India three times more than it imports from the country, with most of these imports being raw materials –thereby exposing India to increased strategic pressure and serving China’s interest in preventing India’s rise as a peer competitor.
First, stronger eurozone-wide supervision should reinforce financial integration, “mitigate macroeconomic imbalances,” and improve the conduct of monetary policy.
How a single EU supervisor would address the problem of
imbalances
is not explained, but it is surely a worthy aim.
Even without crisis-related imbalances, structural flexibility in all economies is necessary to adapt to the shifts caused by globalization and the labor-saving and skill-biased technological shifts associated with the rising value of digital capital.
Finally, China’s leadership is mindful of the risks implied by its own macroeconomic
imbalances
– and of the role that its export-led growth and dollar-based foreign-exchange accumulation plays in perpetuating those
imbalances.
Its new 12th Five-Year Plan says it all – a pro-consumption shift in China’s economic structure that addresses head-on China’s unsustainable
imbalances.
Almost unnoticed after years of desultory talks, the World Trade Organization’s Doha Development Round – initiated to redress
imbalances
in previous trade agreements that favored developed countries – was given a quiet burial.
In March 1999, I went to the headquarters of the World Trade Organization in Geneva to call for a development round to redress these
imbalances.
The creation of the euro without an appropriate fiscal union meant that transfers from surplus to deficit regions would not eliminate or even cushion demand
imbalances.
What is clear is that a key factor has been the persistence of large
imbalances
within the eurozone – current-account deficits on the periphery, mirrored by surpluses in the core – owing mainly to differences in productivity and competitiveness.
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