Chapter 10. External Adjustment, Global Imbalances, Valuation Effects

We provide an overview of the recent developments of the literature on the determinants of long-term capital flows, global imbalances, and valuation effects. We present the main stylized facts of the new international financial landscape in which external balance sheets of countries have grown in size and discuss implications for the international monetary and financial system.

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Year of publication:	2014
Authors:	Gourinchas, Pierre-Olivier ; Rey, Hélène
Published in:	Handbook of international economics : Volume 4. - Oxford, England : Elsevier, ISBN 0-444-54315-5. - 2014, p. 585-645
Subject:	Exchange rates \| Current account \| International capital flows \| International monetary system \| Kapitalmobilität \| Capital mobility \| Internationales Währungssystem \| Außenwirtschaftliches Gleichgewicht \| External balance \| Leistungsbilanz \| Welt \| World \| Wechselkurs \| Exchange rate \| Theorie \| Theory \| Kaufkraftparität \| Purchasing power parity

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Type of publication:	Article
Language:	English
Other identifiers:	10.1016/B978-0-444-54314-1.00010-0 [DOI]
Classification:	F21 - International Investment; Long-Term Capital Movements ; F3 - International Finance ; F33 - International Monetary Arrangements and Institutions ; F36 - Financial Aspects of Economic Integration ; F4 - Macroeconomic Aspects of International Trade and Finance ; F41 - Open Economy Macroeconomics ; G01 - Financial Crises ; G15 - International Financial Markets
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014025376