From global imbalances to global reorganisations
نویسندگان
چکیده
منابع مشابه
Global Imbalances: Time for Action
Bruegel, the Korea Institute for International Economic Policy, and the Peterson Institute for International Economics held a joint workshop in Washington on February 8 and 9, 2007, on how to achieve an orderly reduction in global imbalances. Thirty of the world’s leading experts presented analyses and evaluations of the requirements for such an adjustment. The discussions centered on two sets ...
متن کاملGlobal Imbalances and Financial Fragility
The U.S. is currently engulfed in the most severe financial crisis since the Great Depression. A key structural factor behind this crisis is the large demand for riskless assets from the rest of the world. In this paper we present a model to show how such demand not only triggered a sharp rise in U.S. asset prices, but also exposed the U.S. financial sector to a downturn by concentrating risk o...
متن کاملGlobal Imbalances: a Saving and Investment Perspective
fallen and current account imbalances have widened to unprecedented levels, yet real long-term interest rates remain low in most countries. How did the global economy arrive at this position? Some have argued that the catalyst is the substantial changes that have taken place in Asia, where saving has risen but investment has collapsed since the late 1990s. According to this view, the swing in t...
متن کاملGlobal Trade Imbalances: a Network Approach
We study trade imbalances between world countries in the period 1960-2000 using a complex-network approach. We show that trade imbalances in absolute value are characterized by a hierarchical arrangement wherein few rich economies display high clustering and carry an important amount of global-trade imbalances. In contrast, trade imbalances in relative terms show a more fragmented topology, wit...
متن کاملFrom Local to Global Consistency* from Local to Global Consistency*
In reasoning tasks involving the maintenance of consistent databases (so called "constraint net works") it is customary to enforce local consistency conditions in order to simplify the construc tion of a globally coherent model of the data. In this paper we present a relationship between the sizes of the variables' domains and the level of local consistency sufficient to ensure global con si...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Cambridge Journal of Economics
سال: 2009
ISSN: 0309-166X,1464-3545
DOI: 10.1093/cje/bep032