Economics at your fingertips  

Global imbalances: build-up, unwinding and financial aspects

Antoine Berthou (), Matthieu Bussiere (), Laurent Ferrara (), Sophie Haincourt (), Francesco Pappadà and Julia Schmidt ()

Quarterly selection of articles - Bulletin de la Banque de France, 2018, issue 220, 12

Abstract: The 2007-09 financial crisis led to major corrections in global current accounts. However, “global imbalances” persist, raising concerns among economic policymakers. This article focuses on two key aspects of these imbalances. The first part describes how they have evolved over the recent period and how their correction has proved costly, given the required major adjustments in real exchange rates. The second part of the article provides detailed statistics on the size and composition of net and gross international investment positions. Due to the large size of gross positions, the income account has become more important for current account dynamics, contributing to the persistence of global imbalances.

JEL-codes: F14 F32 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link) ... _desequilibre_en.pdf (application/pdf)

Related works:
Journal Article: Global imbalances: build-up, unwinding and financial aspects (2018) Downloads
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:

Access Statistics for this article

More articles in Quarterly selection of articles - Bulletin de la Banque de France from Banque de France Banque de France 31 Rue Croix des Petits Champs LABOLOG - 49-1404 75049 PARIS. Contact information at EDIRC.
Bibliographic data for series maintained by Michael brassart ().

Page updated 2022-12-08
Handle: RePEc:bfr:quarte:2018:220:06