Financial Crash, Commodity Prices and Global Imbalances

Ricardo Caballero (), Emmanuel Farhi and Pierre-Olivier Gourinchas

No 14521, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: In this paper we argue that the persistent global imbalances, the subprime crisis, and the volatile oil and asset prices that followed it, are tightly interconnected. They all stem from a global environment where sound and liquid financial assets are in scarce supply.

JEL-codes: F3 (search for similar items in EconPapers)
Date: 2008-12
New Economics Papers: this item is included in nep-bec, nep-cba, nep-opm and nep-ure
Note: EFG IFM
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (194)

Published as Financial Crash, Commodity Prices, and Global Imbalances Ricardo J. Caballero, Emmanuel Farhi and Pierre-Olivier Gourinchas Brookings Papers on Economic Activity , Vol. 2008, (Fall, 2008) , pp. 1-55

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Related works:
Working Paper: Financial Crash, Commodity Prices and Global Imbalances (2008)
Working Paper: Financial Crash, Commodity Prices, and Global Imbalances (2008)
Working Paper: Financial Crash, Commodity Prices and Global Imbalances
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