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We investigate the role of budget balances, financial development and openness, in the evolution of global imbalances. Financial development or the lack thereof has received considerable attention as a possible contributing factor to the development of persistent and expanding current account...
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savings ('excess savings') and a small but persistent current account deficit (a slow-motion 'twin deficit'). These patterns …
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savings (“excess savings”) and a small but persistent current account deficit (a slow-motion “twin deficit”). These patterns …
Persistent link: https://www.econbiz.de/10014081636
savings ("excess savings") and a small but persistent current account deficit (a slow-motion "twin deficit"). These patterns …
Persistent link: https://www.econbiz.de/10013334403
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