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imbalances across the world. Since the onset of the crisis, these imbalances have contracted to a significant extent. In this …
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world have contracted to a significant extent. This paper analyzes the factors underlying this process of external …
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This paper has two objectives. First, it reviews the recent dynamics of global imbalances (both “flow” and “stock” imbalances), with a special focus on the shifting position of Latin America in the global distribution. Second, it examines the cross-country variation in external...
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