Chia, W.M.; Jinjarak, Y.; Rana, P.; Xie, T. - In: Journal of Asian Economics 34 (2014) C, pp. 42-53
This study analyses the co-movements of net foreign asset accumulation, consumption, real exchange rate, and real interest rate in a cross section of countries. Our sample covers both industrial and developing economies, spanning 1981–2010 period. We find that the accumulation of net foreign...