Search Results - subject_exact:"External balance"

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Oil shocks, external adjustment, and country portfolio

Sheng, Liugang; Zhao, Hongyan - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015116890

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Oil Shocks, External Adjustment, and Country Portfolio

Sheng, Liugang; Zhao, Hongyan - 2021

Book / Working Paper

Monetary policy and the current account in Latin America: revisiting the mundellian paradigm

Laborde Vera, Juan Camilo - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015617544

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Monetary policy and the current account in Latin America: revisiting the mundellian paradigm

Laborde Vera, Juan Camilo - 2026

Book / Working Paper

Demographics and international capital flows : an empirical assessment

Zélity, Balázs - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015641901

International trade and balance of payments deficit : the inflation as the missing link

Grudev, Lachezar - 2026

My paper claims that the current us policy is based on prejudices that originate in mercantilist thinking, which treats trade as a strategic zero-sum game. This thinking has dominated american academia since the 1970s through a fallacious application of game theory to explain competition between...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015643442

Industrial policies, global imbalances and technological hegemony

Cesa-Bianchi, Ambrogio; Ferrero, Andrea; Fornaro, Luca; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015655753

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Industrial policies, global imbalances and technological hegemony

Cesa-Bianchi, Ambrogio; Ferrero, Andrea; Fornaro, Luca; … - 2026

Book / Working Paper

Industrial policies, global imbalances and technological hegemony

Cesa-Bianchi, Ambrogio; Ferrero, Andrea; Fornaro, Luca; … - 2026

Book / Working Paper

Mapping sectoral trade balances in time: A look at the numbers

2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015655931

Trade integration, diversification and external balance : a comparative econometric analysis of Romania and Poland

Gavrila-Paven, Ionela - 2026

The transformation of trade structures represents a core dimension of economic integration in Central and Eastern Europe, particularly following EU accession and deeper participation in global value chains. Romania and Poland, despite similar institutional frameworks, have exhibited distinct...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015633058

Mapping sectoral trade balances in time : a look at the numbers

Auboin, Marc; Smith, Donal; Mbise, Théo; … - 2026 - Manuscript date: 20 April 2026

In this descriptive paper, we focus on the sectoral composition of trade balances and their evolution since the 1970s, through the aggregation of millions of data points for goods and services. We use a "tree" approach, from global to regional, and from regional to sectoral and finally country...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015633549

External crisis vulnerability in Latin America and the Caribbean

Cavallo, Eduardo A.; Fernández Arias, Eduardo - 2026

This paper assesses the vulnerability of Latin American and Caribbean (LAC) economies to external crises. It shows that while the average LAC economy has made significant strides to reduce vulnerability to crises to its historical minimum, there is still considerable room for improvement,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015636654

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External crisis vulnerability in Latin America and the Caribbean

Cavallo, Eduardo A.; Fernández Arias, Eduardo - 2023

Book / Working Paper

The European Union's external imbalances : past, future and policy

Darvas, Zsolt M.; Greppi Maturana, Costanza; Mendonça, … - 2026

External imbalances have returned to the policy agenda, partly because current account imbalances have widened for the first time since the Global Financial Crisis (GFC) of the late 2000s. However, while China's large surplus was the main counterpart to the United States's deficit before the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015636748

Prospects for global imbalances in 2026 and beyond : another China shock?

Bayoumi, Tamim A.; Gagnon, Joseph E. - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015636998

The new global imbalances

2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015667368

Globale Ungleichgewichte : wo liegen die größten Anpassungslasten

Matthes, Jürgen; Kunath, Gero; Sultan, Samina - 2026 - Stand: Juni 2026

Die globalen Ungleichgewichte haben in den letzten Jahren zugenommen. Das gilt vor allem für den zuletzt deutlich gestiegenen Leistungsüberschuss Chinas und das höhere Leistungsbilanzdefizit der USA. In der EU und im Euroraum ist eher eine Seitwärtsbewegung auf moderat hohem Niveau...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015666818

The return of global imbalances? : the US case

Milesi-Ferretti, Gian Maria - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015669224

Stablecoins and global imbalances : attempting to preserve the US exorbitant privilege

Moec, Gilles - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015669225

The Chinese current account imbalances : puzzles, patterns, and possible causes

Ma, Chang; Wei, Shang-Jin - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015669227

Global imbalances redux

Obstfeld, Maurice - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015669211

Global imbalances then and now : should we be concerned?

Harr, Thomas; Krogstrup, Signe - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015669213

Global imbalances : a progress report

Itskhoki, Oleg; Mukhin, Dmitry - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015669216

Macroeconomic developments and policies since 2000

Acharya, Shankar N. - 2025

The first section provides a brief review of developments in key macroeconomic variables since 2000. These include the usual target variables of economic growth, inflation, external balance and employment as well as intermediate target variables of fiscal balance, savings and investment. Section...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015403470

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Macroeconomic developments and policies since 2000

Acharya, Shankar N. - 2025

Book / Working Paper

International capital flows in the process of longevity catch-up

Inagaki, Kazuyuki - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015617419

Balance of payments and currency policy in China's development

Carnevali, Emilio; Veronese Passarella, Marco; Zhang, Dongna - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015654287

The U.S. Dollar and variance risk premia imbalances

Kjær, Mads Markvart; Posselt, Anders Merrild - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015166669

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The U.S. Dollar and Variance Risk Premia Imbalances

Kjær, Mads Markvart; Posselt, Anders Merrild - 2022

Book / Working Paper

Frequency and severity of current account reversals : an analysis with a rational expectations regime switching DSGE model

Hamano, Masashige; Murakami, Yuki - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015323637

The hedging channel of exchange rate determination

Liao, Gordon Y.; Zhang, Tony - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015371011

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The hedging channel of exchange rate determination

Liao, Gordon; Zhang, Tony - 2020 - This draft: May 2020

Edition: This draft: May 2020

Book / Working Paper

Lebanon : from dollars to lollars

Baz, Salim; Cathcart, Lara; Michaelides, Alexander G. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015375054

Twin deficits or distant cousins? : why the distinction matters for banks in Kenya

Kiplangat, Josea Cheruyiot; Osoro, Jared - 2025

This paper seeks to determine the interaction mechanism between the domestic imbalance and the external imbalance in Kenya and why it matters for banks. Whenever an economy has is on a path of soaring fiscal and current account deficits like Kenya has been over the past decade, concerns on the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015375413

The great dollar shortage debate : a modern perspective

Ntellas, Charēs; Tavlas, George - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015406658

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The great dollar shortage debate : a modern perspective

Ntellas, Charēs; Tavlas, George S. - 2025

Book / Working Paper

A simple model of internal and external balance for resource-rich developing countries

Davies, M. H.; Schröder, M. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015334848

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A simple model of internal and external balance for resource-rich developing countries

Davies, Martin; Schröder, Marcel - 2022

Book / Working Paper

A Simple Model of Internal and External Balance for Resource-Rich Developing Countries

Davies, Martin; Schröder, Marcel - 2022

Book / Working Paper

The relationship between current account deficit, economic growth and oil prices in developing countries

Yessymkhanova, Zeinegul; Khamitova, Dariga; Bakytgul, … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015416460

Analysis of the relationship between oil prices and current accounts in oil importing countries

Mombekova, Gulmira; Sarsenova, Aķmaral Edílbajķyzy; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015418785

Assessing the current account gap in Colombia : a normative estimation approach

Salazar, Marlon - 2025

The current account (CA) balance indicates a country's savings-investment position; sustained deficits require foreign capital. To monitor Colombia's external vulnerability risk, we estimate a normative CA level using an unbalanced panel model based on long-run fundamental structural variables....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015423902

Sudden stops in the euro area

Merler, Silvia; Pisani-Ferry, Jean - 2025

The single currency was expected to make the balance of payments irrelevant between the euro-area member states. This benign view has been challenged by recent developments, especially as imbalances between euro-area central banks have widened within the TARGET2 settlement system....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015464231

Fiscal austerity and informality : twin deficits as a cushion in Latin American countries

Bechchani, Khalil - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015449075

The US trade deficit and foreign borrowing : how long can it continue?

Bayoumi, Tamim A.; Gagnon, Joseph E. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015450754

The German balance of payments from an analytical perspective : milestones through history

Jochem, Axel; Nelißen, Iris - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015431713

The balance of payments and research ininternational macroeconomics

Harms, Philipp - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015431723

Granularity in the current account

Koomen, Miriam; Wicht, Laurence - 2025

We present new empirical evidence on the role of granularity in the current account (CA), using a unique and comprehensive firm-level dataset for Switzerland. We show that idiosyncratic shocks to large firms account for almost two thirds of the fluctuations in the headline CA and are the primary...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015437164

"In the name of eminent domain" : a historical and colonial perspective to land governance and land struggles in India

Ghosh, Ranjan Kumar; Deodhar, Satish Y. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015437940

When inflation drives twin deficits catch in the eurozone

Brixova, Barbara; Šuliková, Veronika; Siničáková, … - 2025

The paper explores the impact of inflation on the validity of the twin deficits hypothesis (TDH) in the Eurozone countries, focussing on how different inflation levels influence twin deficit existence (i.e., a positive relation between fiscal and current account deficit) and how inflation...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015461933

On economic and financial imbalances in the new geopolitical framework

Visco, Ignazio - 2025

This paper explores how global economic and financial imbalances have evolved amid rising protectionism and geopolitical tensions. While globalisation and technological change have had a positive impact on global growth and poverty reduction, they have also led to increased inequality,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015444020

Inequality, current account imbalances, and middle incomes

Blomme, Océane; Héricourt, Jérôme - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015561358

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Inequality, current account imbalances and middle incomes

Blomme, Océane; Héricourt, Jérôme - 2023

Book / Working Paper

An analysis of the foreign deficit in Romania and in other European countries

Milea, Camelia; Drăgoi, Cătălin - 2025

Romania has maintained an external deficit continuously since 1990, which represents a vulnerability of the economy. The subject analysed is important because Romania is trying to keep under control and limit the negative effects of this imbalance, especially in the context of the process of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015492213

Unbalanced Trade 2.0

Cuñat, Alejandro - 2025

Do trade imbalances boost incomes in surplus economies at the expense of deficit economies? We show that the answer is yes in an important subclass of quantitative trade models. This is the consequence of scale economies concentrated in the traded sector. A rise in net exports causes the traded...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015613031

External Sector Report 2025 : Global Imbalances in a Shifting World

2025

This year’s report provides the external sector assessment of 30 of the world’s largest economies on the basis of their 2024 data. Global current account balances in 2024 widened significantly. Staff assessment suggests that excess current account balances account for about two-thirds of the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015613259

Financial Imbalances, Systemic Stress, and Macroprudential Implications

Ayvazyan, Knarik - 2025

The effectiveness of macroprudential policy framework depends to a large extent on how the process of monitoring and assessing systemic risks and the calibration of macroprudential policy tools are operationalized in practice. This paper has two main contributions. First we propose an enhanced...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015613285

The resilience of Italy’s external sector amidst risks and challenges

Allione, Gloria; Federico, Stefano; Giordano, Claire - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015585338

Demography and the current account : a case-study of Italy

Depalo, Domenico; Giordano, Claire - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015583641

Macroeconomic imbalances and bank lending behaviour in Ghana

Sackey, Lawrence; Nortah-Ocansey, Derick A.; Mensah, Daniel - 2025

Macroeconomic imbalances as manifested through persistent inflationary pressures, exchange-rate volatility, and sustained fiscal stress, have become a defining feature of Ghana's macroeconomic environment over the past decade. While these imbalances intensified globally following the 2007- 2008...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015606146

A time-varying estimation of an external reaction function for European Monetary Union countries : the role of risk-aversion and financial openness

Camarero Olivas, Mariam; Sapena, Juan; Tamarit … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015624890