Alberola Ila, Enrique; Estrada García, Angel; Viani, … - 2017
imbalances have a stabilising or destabilising impact on countries’ accumulation of external wealth. That is, do creditor … economies, by virtue of their positive stock of net foreign assets, keep accumulating –everything else equal— external wealth …? Do debtor countries, due to their negative net foreign assets position, keep accumulating external debt? Our results show …