G2TT
来源类型Discussion paper
规范类型论文
来源IDDP13066
DP13066 Twenty Five Years of Global Imbalances
Maurice Obstfeld
发表日期2018-07-22
出版年2018
语种英语
摘要As international capital markets expanded in breadth and depth after the middle 1990s, global current account imbalances also expanded markedly. Some have linked the origin of the subsequent Global Financial Crisis (GFC) to these global imbalances. This essay proposes answers to four questions about the recent history of global imbalances. Why did global imbalances expand after the mid-1990s? What circumstances and concomitant factors provide clues about the origins of the GFC? If one accepts that a mono-causal story about the GFC based on global imbalances is inaccurate, how should one view the potential threats from excessive global imbalances today? And finally, what policy implications follow?
主题International Macroeconomics and Finance
关键词Global imbalances Global financial crisis (gfc) Current account Imf external sector report
URLhttps://cepr.org/publications/dp13066
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/541871
推荐引用方式
GB/T 7714
Maurice Obstfeld. DP13066 Twenty Five Years of Global Imbalances. 2018.
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