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Global Imbalances, Risk and the Great Recession
Evans, Martin D.D. - 2013
cannot run Ponzi schemes or exploit arbitrage opportunities in world financial markets. It provides guidance on how external … illustrate its usefulness, I study the external positions of 12 countries (Australia, Canada, China, France, Germany, India … examine how changes in the perceived risk associated with future returns across world financial markets contributed to …
Persistent link: https://www.econbiz.de/10013073447
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Trade Imbalances and Multilateral Trade Cooperation
Marchetti, Juan A. - 2012
Rising current account and merchandise trade imbalances marked the years before the global financial and economic crisis. These imbalances either contributed to or precipitated the crisis and to the extent that they create systemic risks, it is desirable that they be reduced. There are many...
Persistent link: https://www.econbiz.de/10013098002
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Three current account balances : a "semi-structuralist" interpretation
Chinn, Menzie David; Yi, Chae-u - 2007 - Rev.
Three current account imbalances - one very large deficit (the United States) and two surpluses (Japan and the Euro area) - are subjected to a minimalist structural interpretation. Though simple, this interpretation enables us to assess how much of each of the imbalances require a real exchange...
Persistent link: https://www.econbiz.de/10003855162
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The Sustainability of the US Current Account Deficit (La sostenibilidad del déficit exterior de Estados Unidos)
Fernandez, Enric - 2007
The external current account deficit of the United States reached 6.5% of GDP in 2006, the largest deficit in more than fifty years. Some observers have argued that this situation could be sustained indefinitely. Most analysts, however, believe that the external deficit is unsustainable and that...
Persistent link: https://www.econbiz.de/10012728963
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The US Current Account Deficit : Smoothly along the Adjustment Path
Mano, Rui C. - 2008
is to discuss adjustment and sustainability of the US Current Account deficit and prospective impacts for the world. US …
Persistent link: https://www.econbiz.de/10012771938
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Current account patterns and national real estate markets
Aizenman, Joshua; Jinjarak, Yothin - 2008
/capita growth, inflation, financial depth, institution, urban population growth and the real interest rate; a one standard deviation …, including the real interest rate and inflation. Among the OECD countries, we find evidence of a decline overtime in the cross …
Persistent link: https://www.econbiz.de/10003854910
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Current account patterns and national real estate markets
Aizenman, Joshua; Jinjarak, Yothin - In: Journal of urban economics 66 (2009) 2, pp. 75-89
Persistent link: https://www.econbiz.de/10003894224
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Current account patterns and national real estate markets
Aizenman, Joshua; Jinjarak, Yothin - 2008
/capita growth, inflation, financial depth, institution, urban population growth and the real interest rate; a one standard deviation …, including the real interest rate and inflation. Among the OECD countries, we find evidence of a decline overtime in the cross …
Persistent link: https://www.econbiz.de/10003687928
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Current Account Patterns and National Real Estate Markets
Aizenman, Joshua - 2008
/capita growth, inflation, financial depth, institution, urban population growth and the real interest rate; a one standard deviation …, including the real interest rate and inflation. Among the OECD countries, we find evidence of a decline overtime in the cross …
Persistent link: https://www.econbiz.de/10012464726
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Exchange rate misalignment and external imbalances : what is the optimal monetary policy response?
Corsetti, Giancarlo; Dedola, Luca; Leduc, Sylvain - 2023
How should monetary policy respond to excessive capital inflows that appreciate the currency and widen the external deficit? Using the workhorse two-country open-macro model, we derive a quadratic approximation of the utility-based global loss function in incomplete market economies, and solve...
Persistent link: https://www.econbiz.de/10014362654