International financial integration and the current account balance

Michele Cavallo
Additional contact information
Michele Cavallo: https://www.federalreserve.gov/econres/michele-cavallo.htm

FRBSF Economic Letter, 2006, issue jun23

Abstract: This Economic Letter first reviews some predictions about the exchange rate implications of a return of the U.S. current account into balance. It then presents a recent study that considers the role of greater financial integration and the resulting importance of valuation effects. Finally, it evaluates the impact of valuation effects for those countries that have purchased the bulk of liabilities issued by the U.S. in recent years.

Keywords: International trade; Balance of payments (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.frbsf.org/publications/economics/letter/2006/el2006-14.pdf (application/pdf)
http://www.frbsf.org/publications/economics/letter/2006/el2006-14.html (text/html)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.frbsf.org/publications/economics/letter/2006/el2006-14.html [301 Moved Permanently]--> https://www.frbsf.org/publications/economics/letter/2006/el2006-14.html)

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:fip:fedfel:y:2006:i:jun23:n:2006-14

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in FRBSF Economic Letter from Federal Reserve Bank of San Francisco Contact information at EDIRC.
Bibliographic data for series maintained by Federal Reserve Bank of San Francisco Research Library ().