Narrow search
Showing 1 - 4 of 4
Cover Image
Current Account Deficits During Heightened Risk : Menacing or Mitigating?
Forbes, Kristin - 2016
's vulnerability to periods of heightened risk and uncertainty. This paper develops a framework to evaluate such vulnerabilities. It … they are affected by domestic and global risk shocks, and apply this framework to 10 OECD economies. These examples …, including a more detailed assessment for the UK, show that a substantial degree of international risk sharing can occur through …
Persistent link: https://www.econbiz.de/10012455939
Cover Image
Financial Crises, Credit Booms, and External Imbalances : 140 Years of Lessons
Jordà, Òscar - 2010
Do external imbalances increase the risk of financial crises? In this paper, we study the experience of 14 developed …
Persistent link: https://www.econbiz.de/10012462090
Cover Image
A Century of Current Account Dynamics
Taylor, Alan M. - 2002
Recent globalization trends have refocused attention on the historical evolution of international capital mobility over the long run. The issue is examined here using time-series analysis of current-account dynamics for fifteen countries since circa 1850. The inter-war period emerges as an era...
Persistent link: https://www.econbiz.de/10012469787
Cover Image
External Imbalances and Financial Crises
Taylor, Alan M. - 2012
In broad perspective, there have been essentially two competing views of the global financial crisis, albeit there are some complementarities among them. One view looks across the border: it mainly blames external imbalances, the large-scale mix of unprecedented pattern current account deficits...
Persistent link: https://www.econbiz.de/10012460056