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in the World Trade Organization (WTO). These conflicts have been analyzed from a variety of perspectives, including the … in China and the USA, in particular, the role of national patterns of savings, investment and consumption (both private … macroeconomic policy categories, especially the overall pattern of savings (household, firm and government), investment and …
Persistent link: https://www.econbiz.de/10014530016
The goal of this paper is to address the role of the real effective exchange rate (fundamentals, misalignment and volatility) for the current account using a panel data analysis for a set of 58 countries, over the period of 1994-2014. The results suggest that exchange rate misalignment is...
Persistent link: https://www.econbiz.de/10012287467
flows and international trade. How will the post-crisis constellation of current account imbalances look? Will the world …
Persistent link: https://www.econbiz.de/10012556071
This paper surveys the academic and policy debate on the origins of global imbalances, their prospects after the global crisis, and their policy implications. A conventional view of global imbalances considers them to primarily result from macroeconomic policies and cyclical forces that cause...
Persistent link: https://www.econbiz.de/10012564326
This paper investigates how much of the current account adjustment after the global financial crisis in Spain can be explained by cyclical factors. For this purpose, we extend the IMF's external balance assessment methodology to allow for country-specific slopes and intercepts. The good fit of...
Persistent link: https://www.econbiz.de/10012389038
emanating from a positive shock on the UK current account - i.e., a reduction in the deficit. For the US, a positive shock to …
Persistent link: https://www.econbiz.de/10012175573
This study aims to find out the fundamental macroeconomic, institutional and financial determinants of current account balances by using panel data analysis method. The analysis is carried out by using the data for the period between 1986 and 2013 of 97 developing and developed countries. We...
Persistent link: https://www.econbiz.de/10012256701
decrease in the net exports of Mining, Fishery, Other Goods for BEC Classification, Investment Income, Manufacturing Services …
Persistent link: https://www.econbiz.de/10012183624
of asymmetries in world asset demand and supply. Absent changes in the deep determinants of these, global imbalances can …
Persistent link: https://www.econbiz.de/10012551571
This paper advances an alternative explanation of the large external imbalance between the United States and China, and its linkages to the current global financial crisis. We show that US current account deficits dated back long before the emergence of China's recent large trade surpluses, with...
Persistent link: https://www.econbiz.de/10012562959