External Adjustment, Global Imbalances and Valuation Effects

We provide an overview of the recent developments of the literature on the determinants of long term capital flows, global imbalances and valuation effects. We present the main stylized facts of the new international financial landscape in which external balance sheets of countries have grown in size and discuss implications for the international monetary and financial system.

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Year of publication:	2013-07
Authors:	Gourinchas, Pierre-Olivier ; Rey, Hélène
Institutions:	C.E.P.R. Discussion Papers
Subject:	Capital Flows \| International Finance \| International Monetary System

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Extent:	application/pdf
Series:	CEPR Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 9566
Classification:	F32 - Current Account Adjustment; Short-Term Capital Movements ; F33 - International Monetary Arrangements and Institutions ; F41 - Open Economy Macroeconomics ; F42 - International Policy Coordination and Transmission
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011083349