| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5221 |
| DP5221 Fertility: The Role of Culture and Family Experience | |
| Raquel Fernández; Alessandra Fogli | |
| 发表日期 | 2005-09-23 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | The paper highlights the increased dispersion in net external positions in recent years, particularly among industrial countries. It provides a simple accounting framework that disentangles the factors driving the accumulation of external assets and liabilities (such as trade imbalances, investment income flows, and capital gains) for major external creditors and debtors. It also examines the factors driving the foreign asset portfolio of international investors, with a special focus on the weight of US liabilities in the rest of the world's stock of external assets. Finally, it relates the empirical evidence to the current debate about the roles of portfolio balance effects and exchange rate adjustment in shaping the external adjustment process. |
| 主题 | International Macroeconomics |
| 关键词 | Financial integration Capital flows External assets and liabilities |
| URL | https://cepr.org/publications/dp5221 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534094 |
| 推荐引用方式 GB/T 7714 | Raquel Fernández,Alessandra Fogli. DP5221 Fertility: The Role of Culture and Family Experience. 2005. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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