I was highly skeptical of the argument that currency crises could arise out of sheer self-fulfilling prophecy-an argument first pushed forcefully by Maury Obstfeld at Berkeley.

我曾强烈质疑货币危机可能会完全由于自我实现的预言而产生的看法——这一看法首先由莫瑞斯·奥博斯特·弗尔德在伯克利强力推出。

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IMF, and Maurice Obstfeld, an economist at the University of California at Berkeley, reckon it will take a fall of closer to 35% to get the current account back into balance.

ECONOMIST: Why America's deficit is hard to turn around