Astley, Mark; Giese, Julia; Hume, Michael; Kubelec, Chris - In: Bank of England Quarterly Bulletin 49 (2009) 3, pp. 178-190
The recent financial crisis has put the spotlight on the rapid rise in credit which preceded it and the macroeconomic context in which it developed. This article examines the contribution of international savings and investment imbalances to the crisis and how these imbalances have evolved since...