External Adjustment, Global Imbalances and Valuation Effects

Pierre-Olivier Gourinchas and Helene Rey

No 19240, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We provide an overview of the recent developments of the literature on the determinants of long term capital flows, global imbalances and valuation effects. We present the main stylized facts of the new international financial landscape in which external balance sheets of countries have grown in size and discuss implications for the international monetary and financial system.

JEL-codes: F21 F3 F33 F36 F4 F41 G01 G15 (search for similar items in EconPapers)
Date: 2013-07
New Economics Papers: this item is included in nep-opm
Note: AP CF IFM ITI ME
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (64)

Published as Handbook of International Economics Volume 4, 2014, Pages 585–645 Handbook of International Economics Cover image Chapter 10 – External Adjustment, Global Imbalances, Valuation Effects ☆ Pierre-Olivier Gourinchasa, b, c, , Hélène Reyb, c, d,

Downloads: (external link)
http://www.nber.org/papers/w19240.pdf (application/pdf)

Related works:
Working Paper: External Adjustment, Global Imbalances and Valuation Effects (2013)
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:nbr:nberwo:19240

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w19240

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().