Bracke, Thierry; Bussière, Matthieu; Fidora, Michael; … - In: The World Economy 33 (2010) 9, pp. 1140-1174
<heading id="h1" level="1" format="display" implicit="no">Abstract</heading> Since the mid-1990s and prior to the financial crisis external balances of systemically important economies widened significantly. This paper takes a long-run perspective and reviews the main determinants of widening global imbalances. To this aim, we first provide a set of newly...