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growth in cross-border positions in relation to world GDP has come to a halt. This reflects much weaker capital flows to and …
Persistent link: https://www.econbiz.de/10012955176
This paper has two objectives. First, it reviews the recent dynamics of global imbalances (both “flow” and “stock” imbalances), with a special focus on the shifting position of Latin America in the global distribution. Second, it examines the cross-country variation in external...
Persistent link: https://www.econbiz.de/10013047971