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J-CURVE PHENOMENON [1 record]
Record 1 - internal organization data 1988-08-09
Record 1, English
Record 1, Subject field(s)
- National and International Economics
- Foreign Trade
Record 1, Main entry term, English
- "J-curve" phenomenon 1, record 1, English, %5C%22J%2Dcurve%5C%22%20phenomenon
Record 1, Abbreviations, English
Record 1, Synonyms, English
- "J-curve" effect 1, record 1, English, %5C%22J%2Dcurve%5C%22%20effect
Record 1, Textual support, English
Record number: 1, Textual support number: 1 CONT
Despite the fact that in real terms the U.S. current account deficit has improved significantly and the Japanese and German trade surpluses have fallen, the continued deterioration in the U.S. nominal current account balance has been a source of disappointment and confusion to markets. To some extent, the lack of progress in nominal terms was expected, due to the so-called "J-curve" phenomenon, whereby the effect of a depreciation in the U.S. dollar worsens the U.S. terms of trade such that it initially offsets the improving net flow of goods and services in volume terms. But the "J-curve" effect is short term and transitional in nature, and it cannot account entirely for the slow adjustment of the U.S. current account imbalance. 1, record 1, English, - %5C%22J%2Dcurve%5C%22%20phenomenon
Record 1, French
Record 1, Domaine(s)
- Économie nationale et internationale
- Commerce extérieur
Record 1, Main entry term, French
- phénomène dit «courbe en J»
1, record 1, French, ph%C3%A9nom%C3%A8ne%20dit%20%C2%ABcourbe%20en%20J%C2%BB
masculine noun
Record 1, Abbreviations, French
Record 1, Synonyms, French
- effet «courbe en J» 1, record 1, French, effet%20%C2%ABcourbe%20en%20J%C2%BB
masculine noun
Record 1, Textual support, French
Record number: 1, Textual support number: 1 CONT
Bien qu'en termes réels le déficit du compte courant des Etats-Unis se soit nettement amélioré et que les excédents commerciaux du Japon et de l'Allemagne aient diminué, la dégradation persistante de la balance courante américaine en termes nominaux a engendré déception et confusion sur les marchés. Dans une certaine mesure, on s'attendait à une absence de progrès en termes nominaux à cause du phénomène dit «courbe en J», par le jeu duquel une baisse du dollar américain entraîne une détérioration des termes de l'échange des Etats-Unis au point de compenser initialement l'amélioration du flux net de biens et de services en volume. Cependant, l'effet «courbe en J» est de courte durée et de nature passagère, et il ne peut expliquer à lui seul la lenteur de la correction du déséquilibre de la balance courante américaine. 1, record 1, French, - ph%C3%A9nom%C3%A8ne%20dit%20%C2%ABcourbe%20en%20J%C2%BB
Record 1, Spanish
Record 1, Textual support, Spanish
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