Clik here to view.
Why current accounts fell post-crisis
China's growth, stability, and use of international reserves Joshua Aizenman, Yothin Jinjarak, Nancy Marion05 January 2014Before the financial crisis, the world economy was characterised by large and...
View ArticleClik here to view.
Causes of Eurozone external imbalances
Tracking the causes of Eurozone external imbalances: New evidence Jose Luis Diaz Sanchez, Aristomene Varoudakis06 February 2014External imbalances within the Eurozone grew substantially between the...
View ArticleClik here to view.
Historical lessons for TARGET imbalances
TARGET balances, Bretton Woods, and the Great Depression Michael Bordo21 March 2014Since 2007, there has been a buildup of TARGET imbalances within the Eurosystem – growing liabilities of national...
View ArticleClik here to view.
The role of corporate saving in global rebalancing
The role of corporate saving in global rebalancing Philippe Bacchetta, Kenza Benhima24 August 2014Among the various explanations behind global imbalances, the role of corporate saving has received...
View ArticleClik here to view.
Labour market reforms and international imbalances
Labour market reforms and international imbalances Giuseppe Bertola, Anna Lo Prete28 February 2015The large international imbalances accumulated in the Eurozone have proven difficult to unwind during...
View ArticleGlobal imbalance risk and exchange rates
Global imbalance risk and exchange rates Pasquale Della Corte, Steven Riddiough, Lucio Sarno29 February 2016The world’s savings and investments are imbalanced. While some countries persistently borrow...
View ArticleClik here to view.
The danger of Germany's current account surpluses: Results of CFM and CEPR...
The danger of Germany's current account surpluses: Results of the CFM and CEPR Survey Wouter den Haan, Martin Ellison, Ethan Ilzetzki, Michael McMahon, Ricardo Reis27 October 2016The October 2016...
View ArticleClik here to view.
Precaution, mercantilism, and the real exchange rate
External wealth and the real exchange rate: Precaution versus mercantilism Woo Jin Choi, Alan Taylor22 May 2017Widening global imbalances, driven by reserve accumulation, can help us investigate how...
View ArticleClik here to view.
Addressing global imbalances requires cooperation
Addressing global imbalances requires cooperation Maurice Obstfeld10 August 2018The IMF's 2018 External Sector Report assesses the current account balances for the 30 largest economies. In this post,...
View ArticleClik here to view.
Global rebalancing
Global rebalancing Antonio Fatás10 December 2018Today the world displays smaller imbalances than at the peak of 2008. In this post, Antonio Fatas looks at the extent to which rebalancing has happened...
View Article
