Narrow search
Showing 1 - 10 of 181,159
Cover Image
An Asymmetric Model on Seigniorage and the Dynamics of Net Foreign Assets
Dettmann, Georg - Dipartimento di Scienze Economiche, Facoltà di Economia - 2013
been considered one of the main reasons for the turbulences in the world economy since 2007. Economic theory suggests that … investigate on the mechanisms that allow the US to do so, this paper sets up a two country DGE model with asymmetric liquidity … Seigniorage and valuation effects to be able to run a continuous current account deficit. These mechanisms work in favour of their …
Persistent link: https://www.econbiz.de/10010700762
Cover Image
International financial adjustment
Gourinchas, Pierre-Olivier; Rey, Hélène - 2005
Persistent link: https://www.econbiz.de/10002625140
Cover Image
International financial adjustment
Gourinchas, Pierre-Olivier (contributor);  … - 2005
Persistent link: https://www.econbiz.de/10002917340
Cover Image
International Financial Adjustment
Gourinchas, Pierre-Olivier - 2005
stabilizing valuation effects contribute as much as 31% of the external adjustment. Our theory also has asset pricing implications …
Persistent link: https://www.econbiz.de/10012467530
Cover Image
Global imbalances and the external solvency of nations
Bleaney, Michael F.; Tian, Mo - 2014
Global current account imbalances were a major subject of concern in the years before the recent financial crisis. It is shown that the expected (negative) equilibrium relationship between net foreign assets and the trade balance that had held in the previous twenty years appeared to break down...
Persistent link: https://www.econbiz.de/10010382090
Cover Image
External financing risks : how important is the composition of the international investment position?
Cubeddu, Luis; Ahmed Hannan, Swarnali; Rabanal, Pau - 2021
Building on the vast literature, this paper focuses on the role of the structure of the international investment position (IIP) in affecting countries' external vulnerabilities. Using a sample of 73 advanced and emerging economies and new database on the IIP's currency composition, we find that...
Persistent link: https://www.econbiz.de/10012517927
Cover Image
Reducing large net foreign liabilities
Fidora, Michael; Schmitz, Martin; Tcheng, Céline - 2017
In light of persistently large net foreign liability (NFL) positions in several euro area countries, we analyse 138 episodes of sizeable NFL reductions for a broad sample of advanced and emerging economies. We provide stylised facts on the channels through which NFLs were reduced and estimate...
Persistent link: https://www.econbiz.de/10011659341
Cover Image
External stress early warning indicators
Martín Machuca, César - 2017
Persistent link: https://www.econbiz.de/10011791510
Cover Image
Understanding the dynamics of the US external position
Evans, Martin D. D.; Fuertes, Alberto - 2011
Persistent link: https://www.econbiz.de/10009010008
Cover Image
Global imbalances, risk and the Great Recession
Evans, Martin D. D. - 2014
Persistent link: https://www.econbiz.de/10010399812