International adjustment and rebalancing of global demand:where do we stand?

During the financial crisis, the global economy experienced a collapse in cross-border capital flows and a rapid adjustment of global imbalances. One of the striking features of this adjustment is its asymmetric nature:domestic demand declined in countries with a current account deficit,but only rose slightly in surplus economies.

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Year of publication:	2014
Authors:	Y. Kalantzis. ; P. Towbin. ; S. Zignago.
Published in:	Quarterly selection of articles - Bulletin de la Banque de France. - Banque de France. - 2014, 33, p. 5-23
Publisher:	Banque de France
Subject:	global imbalances \| capital flows \| asymmetric adjustment

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Extent:	application/pdf
Type of publication:	Article
Classification:	E21 - Consumption; Saving ; F32 - Current Account Adjustment; Short-Term Capital Movements ; G15 - International Financial Markets
Source:	RePEc - Research Papers in Economics

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