Narrow search
Showing 1 - 3 of 3
Cover Image
Global Imbalances from a Stock Perspective
Alberola, Enrique - 2017
After the recent crisis, a reduction was observed in global current account (“flow”) imbalances. Even so, global disequilibria as measured in terms of countries' net foreign assets (“stock imbalances”) kept increasing. This paper discusses whether stock imbalances have a stabilising or...
Persistent link: https://www.econbiz.de/10012942328
Cover Image
International Financial Flows, Real Exchange Rates and Cross-Border Insurance
Viani, Francesca - 2011
Whether cross-border financial market integration has raised global insurance, is still a controversial issue in the literature. If this is so, what should we observe in the data? The insurance literature emphasizes that efficient risk-sharing requires financial markets to channel resources to...
Persistent link: https://www.econbiz.de/10013131344
Cover Image
Mapping China’s Time-Varying House Price Landscape
Funke, Michael - 2019
The recent increase in China's house prices at the national level masks tremendous variation at the city level – a … feature largely overlooked in the macroprudential literature. This paper measures the evolving heterogeneity in China's house … China's city-level housing price synchronization. The estimates indicate an increasing synchronization leading up to 2015 …
Persistent link: https://www.econbiz.de/10012862660