Original paper

Global Imbalances from a Stock Perspective

Published: Jan 1, 2017
Abstract
After the recent crisis, a reduction was observed in global current account (“flow”) imbalances. Even so, global disequilibria as measured in terms of countries’ net foreign assets (“stock imbalances”) kept increasing. This paper discusses whether stock imbalances have a stabilising or destabilising impact on countries’ accumulation of external wealth. That is, do creditor economies, by virtue of their positive stock of net foreign assets, keep...
Paper Details
Title
Global Imbalances from a Stock Perspective
Published Date
Jan 1, 2017
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