The US economy is often referred to as the "banker to the world," due to its unique role in supplying global reserve … contribution of this role to rising wealth concentration among American households. I highlight the following points: 1) financial … globalization raises wealth inequality in a financially-developed economy initially due to foreign capital pressing up domestic …

in place. We first document the history of the balance sheet and its components since World War II, with a detailed …

We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population … of wealth between safe and risky assets: returns are heterogeneous even within asset classes. Third, returns are … positively correlated with wealth: moving from the 10th to the 90th percentile of the financial wealth distribution increases the …

High household wealth is often cited as a key strength of the Italian economy. Both in absolute terms and relative to … income, the Italian household sector is wealthier than most euro area peers. A sizable fraction of this wealth is held by the … rich and upper middle classes. This paper documents the changes in the Italian household sector's financial wealth over the …

global wealth of an unanticipated shock to U.S. financial markets. For every 10 percent decline in the dollar, U.S. equity … markets, and U.S. bond markets, total wealth losses to foreigners could amount to about 5 percentage points of foreign GDP … emerging markets (scaled by GDP) are very similar; and (iv) based on their reserve positions, wealth losses of emerging market …

and the rest of the world in a nested econometric framework, and discusses differences across three country subgroups … within LAC. The results highlight commonalities and differences in saving behavior between LAC and other world regions, as …