Coeurdacier, Nicolas; Guibaud, Stéphane; Jin, Keyu - C.E.P.R. Discussion Papers - 2012
In a period of rapid integration and accelerated growth in emerging markets, three striking trends have been (1) a divergence in the private saving rates of emerging markets and advanced economies, (2) large net capital outflows from emerging markets, and (3) a sustained decline in the world...
