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This paper examines three different explanations of the global financial imbalances. It begins with the neoliberal globalization hypothesis that explains the imbalances as the product of the model of globalization implemented over the past thirty years. It then examines the saving glut and...
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rate. So a rise will be driven by higher household savings of the coming years as the two primary forces that depressed … savings in recent years are reversed: the exceptionally rapid rise in household wealth and the high level of mortgage …
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rate. So a rise will be driven by higher household savings of the coming years as the two primary forces that depressed … savings in recent years are reversed: the exceptionally rapid rise in household wealth and the high level of mortgage …
Persistent link: https://www.econbiz.de/10012464697