Imbalance and Rebalance

Part I. Global Imbalances: From the Monetary Perspective

1. The Rise and Fall of Monetary Hegemony
Yang Li, Xiaojing Zhang

2. The Warring States
Yang Li, Xiaojing Zhang

Part II. Global Imbalances: From the Perspective of Real Economy

3. Transformation of International Division of Labor and Global Imbalances
Yang Li, Xiaojing Zhang

4. Innovation of Technology, Changes in Productivity, and Global Imbalances
Yang Li, Xiaojing Zhang

Part III. From Imbalances to Financial Crisis

5. Internal and External Imbalances and Currency Hegemony
Yang Li, Xiaojing Zhang

Part IV. The Mechanism of Rebalancing

6. Two Myths of Rebalancing
Yang Li, Xiaojing Zhang

7. Monetary Statecraft and Profits of Dollar Hegemony
Yang Li, Xiaojing Zhang

8. International Monetary Policy Coordination: Theories and Reality
Yang Li, Xiaojing Zhang

Part V. Conclusion

9. Moving Towards a New Balance
Yang Li, Xiaojing Zhang

Keywords: Economics, International Economics, International Relations