International Monetary Fund (IMF); International … - 2007
of oil shocks on the merchandise trade balance and the current account, which depending on the source of the shock can be … not always statistically significant) valuation effects in response to oil shocks, not only for the U.S., but also for … integration will tend to cushion the effect of oil shocks on NFA positions for major oil exporters and the U.S., but may amplify …