Bank of Canada Review, Spring 2006

The Bank of Canada published its Review for Spring 2006 on 25 May. The Review includes the article 'Global imbalances - Just how dangerous?' which provides a guide to the major issues and controversies involved in the debate.

The combination of rising current account surpluses in Asia and a growing current account deficit in the United States has raised concerns that the resulting imbalances pose a threat to the world economy, especially if they are reversed in a disorderly manner. Some experts

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