Alberola Ila, Enrique; Estrada García, Angel; Viani, … - 2017
recent crisis, a reduction was observed in global current account (“flow”) imbalances. Even so, global disequilibria as … that in debtor economies the existing stock of net debt helps to limit current account deficits, thus halting future debt … increase future current account surpluses, potentially leading to destabilising dynamics in wealth accumulation. This asymmetry …