Global Imbalances and Power Imbalances

Christopher Clayton, Matteo Maggiori and Jesse Schreger

No 21070, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: We discuss the conditions under which global imbalances, such as China being a large foreign creditor and the United States being a large foreign debtor, might also generate power imbalances. We highlight possible theoretical channels and empirical measures that the future literature could investigate in a full treatment of this topic.

Keywords: Geoeconomics (search for similar items in EconPapers)
JEL-codes: F1 F3 (search for similar items in EconPapers)
Date: 2026-01
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