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illustrate its usefulness, I study the external positions of 12 countries (Australia, Canada, China, France, Germany, India …, Italy, Japan, South Korea, Thailand, the United States and the United Kingdom) between 1970 and 2011. In particular, I … examine how changes in the perceived risk associated with future returns across world financial markets contributed to …
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about them have recurred in the light of recently increased global stability risk and the quantitative easing that led to …
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Prior to the 2008 financial crisis there was much debate about global trade imbalances. Prima facie, the imbalances seem a significant problem. However, acknowledging that would question mainstream economics' celebratory stance toward globalization. That tension prompted an array of explanations...
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