foreign assets, and is more sensitive to fluctuations in net output. Under high integration, the response to the net external … with the presented theory, the trade balance of integrated economies is more persistent, responds less strongly to net …

This paper calculates an equilibrium level for Net Foreign Assets (NFA) in Colombia, and discusses its implications for …

This paper examines the effects that windfalls from international commodity price booms have on net foreign assets in a … booms lead to a significant increase in net foreign assets, but only in countries that are ethnically homogeneous. In highly … ethnically polarized countries, net foreign assets significantly decreased. To explain this asymmetry, the paper shows that in …