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We construct measures of net private and public capital ows for a large cross-section of developing countries considering both creditor and debtor side of the international debt transactions. Using ...
The article explains the lower relative rates of return that foreigners have earned on their U.S. investments, which might reflect optimal decisions in efficient capital markets. Estimates show that f...
Global current account imbalances are one of the key macroeconomic imbalances that underlie the global financial crisis. The central objective of this paper is to analyze the causes and consequences...
Global Imbalances and China     China  Global Imbalances       2008/12/4
The global economy is suffering from serious imbalances characterized by deterioration of the US current account deficit, rapid increases in oil and raw material prices and excessive international liq...
I will focus on a familiar issue, the problem of global current account imbalances, and will describe how financial sector reform can help narrow them, using examples from China. The United States ...
This article reviews the recent literature on global imbalances and discusses the policy implications of the various theories that have been advanced to explain their unprecedented increase. Most of...
Gross capital flows into the United States totaled $1.8 trillion in 2006. When combined with the $1.0 trillion the United States sent abroad, these net capital inflows funded the U.S. current accoun...
The exchange rate policies of the member countries of the International Monetary Fund could come under more intrusive scrutiny because of the June 15, 2007, decision of the IMF Executive Board on b...

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