| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w13197 |
| 来源ID | Working Paper 13197 |
| The Two Crises of International Economics | |
| Michael P. Dooley; Peter M. Garber; David Folkerts-Landau | |
| 发表日期 | 2007-06-29 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | In this essay, we argue that key assumptions in international macroeconomic theory, though useful for understanding the economic relationships among developed countries, have been pushed beyond their competence to include relationships between developed economies and emerging markets. The Achilles heel of this extended development model is the assumption that threats to deprive the debtor countries of gains from trade provide incentives for poor countries to repay more than trivial amounts of international debt. Replacing this assumption with the idea that collateral is required to support gross international capital flows suggests that the pattern of current account balances seen in recent years is a sustainable equilibrium. |
| 主题 | International Economics ; International Factor Mobility ; International Finance ; International Macroeconomics |
| URL | https://www.nber.org/papers/w13197 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/570866 |
| 推荐引用方式 GB/T 7714 | Michael P. Dooley,Peter M. Garber,David Folkerts-Landau. The Two Crises of International Economics. 2007. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w13197.pdf（148KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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