Beyond the Current Account: U.S. Financial Flows and Global Imbalances

Cody Kallen and Alexandra M. Tabova
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Cody Kallen: https://www.federalreserve.gov/econres/cody-f-kallen.htm
Alexandra M. Tabova: https://www.federalreserve.gov/econres/alexandra-m-tabova.htm

No 2026-10-09-2, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: Global imbalances have returned to the center of international policy discussions, including at the G7 and G20. These discussions have traditionally focused on current account (CA) balances and, in particular, on the drivers and consequences of persistent trade surpluses and deficits.

Date: 2026-10-09
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:103906

DOI: 10.17016/2380-7172.4185

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