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External Adjustment, Global Imbalances, Valuation Effects

Gourinchas, Pierre-Olivier ; Rey, Hélène

Handbook of International Economics, 2014, Vol.4, p.585-645

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Título:
External Adjustment, Global Imbalances, Valuation Effects
Autor: Gourinchas, Pierre-Olivier ; Rey, Hélène
Assuntos: Current account ; Exchange rates ; International capital flows ; International monetary system ; Trade agreements & tariffs
É parte de: Handbook of International Economics, 2014, Vol.4, p.585-645
Descrição: We provide an overview of the recent developments of the literature on the determinants of long-term capital flows, global imbalances, and valuation effects. We present the main stylized facts of the new international financial landscape in which external balance sheets of countries have grown in size and discuss implications for the international monetary and financial system.
Editor: The Netherlands: Elsevier B.V
Idioma: Inglês

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