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Foreign Balances
Einzig, Paul - 1938
Persistent link: https://www.econbiz.de/10002338315
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Large net foreign liabilities of euro area countries : risks, prospects and policy options
Zorell, Nico - 2017
Over recent years, several euro area countries have registered large and persistent net foreign liabilities. This paper examines the risks arising from these external stock imbalances, the prospects for their smooth unwinding and the menu of policy options. The paper demonstrates that external...
Persistent link: https://www.econbiz.de/10011732721
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The Reinvestment of Multinationals as a Capital Flow : Crises, Imbalances and the Cash-Based Current Account
Hansen, Erwin - 2018
On average, foreign corporations save a third of their local profits in the host country. While this is recorded as "Retained Earnings Foreign Direct Investment" (REFDI), macroeconomics has so far overlooked its particularities. This paper explores the aggregate economic properties of REFDI. It...
Persistent link: https://www.econbiz.de/10012937133
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Bilateral Trade Imbalances
Cuñat, Alejandro; Zymek, Robert - 2022
If sectoral trade flows obey structural gravity, countries' bilateral trade imbalances are the result of macro trade imbalances, “triangular trade”, or pairwise asymmetric trade barriers. Using data for 40 major economies and the Rest of the World, we show that large and pervasive...
Persistent link: https://www.econbiz.de/10014082958
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Investment incomes vs. the trade balance : is the current account still a meaningful concept?
Wacker, Konstantin - 2024
This paper documents that cross-border investment income flows are important for explaining current account balances in major economies. Those investment incomes reflect returns on cross-border asset holdings and on balance often reach magnitudes around 5% of major economies' gross domestic...
Persistent link: https://www.econbiz.de/10014515875
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External Balances, Trade Flows and Financial Conditions
Evans, Martin D.D. - 2015
This paper examines the persistent deterioration in the international external position of the U.S. over the past 60 years. I develop a model without Ponzi schemes and arbitrage opportunities that accounts for both the secular rise and the cyclical variations in the U.S. international debt...
Persistent link: https://www.econbiz.de/10013017254
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Growth prospects and the trade balance in advanced economies
Belke, Ansgar; Elstner, Steffen; Rujin, Svetlana - 2020 - This version: February 7, 2020
Analyse zeigen, dass sich die Handelsbilanz der USA in Folge eines "news shocks" persistent verschlechtert, während es in … Handelsbilanz? Die Bedeutung dieser Forschungsfrage ergibt sich aus der Tendenz zu antizyklischen Schwankungen des … vorübergehende Verbesserung der Handelsbilanz infolge eines "news shocks". Die Ergebnisse unterstreichen die Bedeutung …
Persistent link: https://www.econbiz.de/10012160788
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Growth prospects and the trade balance in advanced economies
Belke, Ansgar; Elstner, Steffen; Rujin, Svetlana - 2019
Analyse zeigen, dass sich die Handelsbilanz der USA in Folge eines „news shocks“ persistent verschlechtert, während es in … Handelsbilanz? Die Bedeutung dieser Forschungsfrage ergibt sich aus der Tendenz zu antizyklischen Schwankungen des … vorübergehende Verbesserung der Handelsbilanz infolge eines „news shocks“. Die Ergebnisse unterstreichen die Bedeutung …
Persistent link: https://www.econbiz.de/10012134287
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The significance of ICT services for the balance of payments in the Republic of Serbia
Kalinović, Milan; Todorović, Miloš; Marković, Ivan - In: Ekonomske teme 60 (2022) 2, pp. 187-204
The balance of payments deficit is the problem faced by numerous countries. To solve the problem of the balance of payment deficit, the creators of economic policy try to stimulate the sectors that secure the largest inflow of foreign currencies and have a beneficial impact on the reduction of...
Persistent link: https://www.econbiz.de/10014281784
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The US dollar and trade balance : new findings from the international trade of India with the European Union
Ho Hoang Gia Bao; Le Hoang Phong; Ba Hoang Nguyen; … - In: Cogent business & management 10 (2023) 2, pp. 1-20
The US dollar is the most prevalent currency to settle internationally traded merchandise. A few existing studies demonstrate that the US dollar can significantly impact a country's trade balance with a non-US partner. Nevertheless, the current literature indicates the remarkable deficiency of...
Persistent link: https://www.econbiz.de/10014503318