| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8567 |
| DP8567 The Financial Crisis and the Geography of Wealth Transfers | |
| Helene Rey; Pierre-Olivier Gourinchas; Kai Alexander Truempler | |
| 发表日期 | 2011-09-01 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | This paper studies the geography of wealth transfers during the 2008 global financial crisis. We construct valuation changes on bilateral external positions in equity, direct investment and portfolio debt at the height of the crisis to map who benefited and who lost on their external exposure. We find a very diverse set of fortunes governed by the structure of countries' external portfolios. In particular, we are able to relate the gains and losses on debt portfolios to the country's exposure to ABCP conduits and the extent of dollar shortage. |
| 主题 | International Macroeconomics |
| 关键词 | Global financial crisis Valuation effects International monetary system Reserve currency |
| URL | https://cepr.org/publications/dp8567 |
| 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/537404 |
| 推荐引用方式 GB/T 7714 | Helene Rey,Pierre-Olivier Gourinchas,Kai Alexander Truempler. DP8567 The Financial Crisis and the Geography of Wealth Transfers. 2011. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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