Dr. Albert Keidel
{
"authors": [
"Albert Keidel"
],
"type": "legacyinthemedia",
"centerAffiliationAll": "dc",
"centers": [
"Carnegie Endowment for International Peace"
],
"collections": [],
"englishNewsletterAll": "asia",
"nonEnglishNewsletterAll": "",
"primaryCenter": "Carnegie Endowment for International Peace",
"programAffiliation": "AP",
"programs": [
"Asia"
],
"projects": [],
"regions": [
"North America",
"United States"
],
"topics": [
"Economy",
"Trade"
]
}Source: Getty
Trade Deficits, Value of the Dollar and the Global Economy
Source: The Diane Rehm Show

The dollar, the world's predominant currency, has dropped in value by about 18 percent over the last five years. Carnegie Senior Associate Albert Keidel appeared on The Diane Rehm Show with other experts to talk about what a continuing slide could mean for American consumers, U.S. trade deficits, and the global economy.
Click here to listen to the broadcast.
About the Author
Former Senior Associate, China Program
Keidel served as acting director and deputy director for the Office of East Asian Nations at the U.S. Department of the Treasury. Before joining Treasury in 2001, he covered economic trends, system reforms, poverty, and country risk as a senior economist in the World Bank office in Beijing.
- As China's Exports Drop, Can Domestic Demand Drive Growth?Article
- China’s Fourth Quarter 2008 Statistical RecordArticle
Dr. Albert Keidel
Recent Work
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
More Work from Carnegie Endowment for International Peace
- How the Israel Lobby Distorts U.S. Foreign Policy and Domestic LibertiesCommentary
In an interview, Ian Lustick and Eli Clifton discuss their new book on why a prominent ally has so much influence in America.
Michael Young
- The Plaza Accord and Its Relevance for ChinaCommentary
The Plaza Accord was not an externally imposed punishment of Japan but part of a broader restructuring that Japanese economists and policymakers themselves recognized was necessary. Its effects were undermined, however, when Tokyo responded to the resulting slowdown with policies that exacerbated investment, credit expansion, and the very imbalances the adjustment was intended to resolve.
Michael Pettis
- Belarus Wants More From the West Than a ‘Massive Deal’ on PotashCommentary
Trump has promised Belarus a massive potash deal. But Minsk is seeking something greater: restored Western transit and greater room for maneuver from Russia.
Balázs Jarábik
- What to Watch When Trump and Xi Meet in WashingtonCommentary
The real test may come after the leaders leave the room.
- +1
Sheena Chestnut Greitens, Oriana Skylar Mastro, Yukon Huang, …
- The Denmark-Greenland-U.S. Agreement Needs to Stand the Test of TimeCommentary
The new U.S.–Denmark–Greenland agreement will help Washington exert political, economic, and financial dominance under the guise of security. Yet, it acknowledged Copenhagen’s and Nuuk’s sovereignty on the island.
Marc Pierini