TY - BOOK ID - 11273848 TI - Global imbalances and petrodollars AU - Arezki, Rabah. AU - Hasanov, Fuad AU - International Monetary Fund. PY - 2009 SN - 145191671X 1462378986 1282843095 1451872364 9786612843099 1452723834 PB - [Washington, D.C.] : International Monetary Fund, DB - UniCat KW - Business & Economics KW - Economic Theory KW - Financial crises. KW - Regional economic disparities. KW - Differentiations, Regional economic KW - Disparities, Regional economic KW - Economic disparities, Regional KW - Imbalances, Regional economic KW - Unequal economic development KW - Variations, Regional economic KW - Crashes, Financial KW - Crises, Financial KW - Financial crashes KW - Financial panics KW - Panics (Finance) KW - Stock exchange crashes KW - Stock market panics KW - Economic zoning KW - Regional disparities KW - Regional economics KW - Regional planning KW - Crises KW - Investments: Energy KW - Exports and Imports KW - Macroeconomics KW - Current Account Adjustment KW - Short-term Capital Movements KW - Energy: General KW - Energy: Demand and Supply KW - Prices KW - Fiscal Policy KW - Empirical Studies of Trade KW - International economics KW - Investment & securities KW - Current account KW - Oil KW - Oil prices KW - Fiscal stance KW - Terms of trade KW - Balance of payments KW - Petroleum industry and trade KW - Fiscal policy KW - Economic policy KW - nternational cooperation KW - United States UR - https://www.unicat.be/uniCat?func=search&query=sysid:11273848 AB - Oil exporters have run large current account surpluses. We explore oil exporters' role in our understanding and the resolution of global imbalances. Current account dynamics are estimated for oil-exporting countries and the rest of the world. We find that fiscal policy has a much stronger effect on current account of oil exporters than on current account of other countries. The current account adjustment of oil-exporting countries is also faster than that of other countries. We conclude that a change in fiscal policy of oil exporters can have significant and speedy impact on global imbalances. ER -