Evidence on Financial Globalization and Crises: Global Imbalances
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- Author(s)
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Chinn, Menzie D.
- Date
- Jan 2011
- Series
- La Follette School Working Papers
- Abstract
- The author defines global imbalances and discusses explanations for the development of large current account deficits and surpluses in key economies after 1997. He includes the saving-investment approach, the intertemporal approach, mercantilism and the Bretton Woods II hypothesis, and the global saving glut view. A discussion of the literature linking the financial crisis of 2008-09 to the development of global imbalances concludes.
- Permanent link
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http://digital.library.wisc.edu/1793/48606
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