Dr. Albert Keidel
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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 Russia Eurasia Center
- How Realistic Is a U.S.-Brokered Gas Deal Between Russia and the EU?Commentary
A gas deal would create palpable economic value, but it wouldn’t fundamentally change the position of either Russia or the EU.
Sergey Vakulenko
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Russia’s banking sector is sinking ever deeper into a crisis that the authorities are simply managing rather than trying to fix.
Alexander Kolyandr, Alexandra Prokopenko
- Price Analysis Shows China Holds Upper Hand in Russia Gas Supply TalksCommentary
A leak of Russian gas price data helps establish that China is paying Russia far less than Central Asian countries and Gazprom’s former European customers.
Sergey Vakulenko
- How Will Trump and Putin’s Diesel Deal Impact Russia and Global Markets?Commentary
Without a ceasefire with Ukraine on attacking each other’s energy infrastructure—to which the Kremlin is unlikely to agree—the diesel agreement between Putin and Trump is largely for show, rather than representing a genuine increase in the volumes of Russian diesel on the global market.
Sergey Vakulenko
- Stalled at the Front, Russia Seeks to Undermine Ukraine’s Economic CapacityCommentary
Russian strikes are weakening the economy sustaining Ukraine’s war effort. Closing the growing funding gap will require more European support and politically contentious reforms in Kyiv.
Balázs Jarábik