Whalley, John; Agarwal, Manmohan; Wang, Jing; Walsh, Sean; … - National Bureau of Economic Research (NBER) - 2011
supplies over all countries as a group relative to gross world product. This, in turn, is an indication of increasing severity … imbalances relative to GDP than in 2008 for considerable periods of time and with no financial implosion (UK in the pre World War … 2008 Financial Crisis were a major cause of the crisis, and the further claim that reducing imbalances post crisis must be …