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, other Asian economies, and Germany's export-led growth. However, as the world oil production approaches the peak, the … imbalance has reached an unprecedented level and the world economy becomes more globalized, the global imbalance will become a …
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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...
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