Global Imbalances and the International Financial Architecture

Raphaël Didier and Thomas Lagoarde-Segot ()
Additional contact information
Raphaël Didier: Université de Lorraine
Thomas Lagoarde-Segot: KEDGE Business School and SDSN France

Chapter Chapter 9 in Ecological Money and Finance, 2023, pp 261-292 from Springer

Abstract: Abstract The balance of payments is an essential tool to understand international trade and global capital flows. When the financial account of the balance of payment posts a deficit, the domestic economy records net capital outflows and acquires foreign liabilities issued by the rest of the world. Conversely, when the financial account of the balance of payments posts a surplus, the domestic economy records net capital inflows and issues a foreign liability, accumulated as a claim by the rest of the world. The purpose of this chapter is to study in detail these fundamental mechanisms, as well as their implications for international macroeconomic analysis. It also provides an in-depth analysis and discussion of the various phases in the international financial architecture since the 19th century, as seen from a sustainability perspective.

Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-14232-1_9

Ordering information: This item can be ordered from
http://www.springer.com/9783031142321

DOI: 10.1007/978-3-031-14232-1_9

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().