Global Imbalances: The Next Crisis? December 1, 2009

Host: American Enterprise Institute. For years, watchers of global imbalances have been warning that American borrowing would end in a weakening dollar, rising U.S. interest rates, and a financial crisis. There was a crisis, but it pushed international investors toward the safety of U.S. Treasury securities, drove interest rates to record lows, and avoided a sustained dollar decline. Despite these changes, America’s financial position remains unsustainable. At this AEI event, Professor Frank Warnock of the University of Virginia’s Darden School of Business will discuss where we currently stand with respect to global imbalances. He will present forthcoming research on the remaining dangers and the lessons of the past year. AEI resident scholar Vincent R. Reinhart will moderate.

Official Website: http://www.aei.org/event/100178