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 Russia Eurasia Center
- 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
- Who Is Funding Russia’s War in the 2027 Budget?Commentary
For every ruble allocated to social policy, health, and education in 2027, double that amount is earmarked for the army, the police, and the security services.
Alexandra Prokopenko
- International Demand for Russia’s Arctic Shipping Route Is Unlikely to LastCommentary
Cargo traffic through Russia’s Northern Sea Route has increased because of the disruption caused by the conflict in the Middle East, the Ukraine war, and U.S.-China tensions.
Mikhail Korostikov
- 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
- Have U.S.-Belarusian Negotiations Stalled?Commentary
Minsk clearly expected the dialogue with Washington to yield more results, in particular the lifting of EU sanctions and permission to export potash.
Artyom Shraibman