International Capital Flows and Debt Dynamics

Working Paper No. 12/175

Nopic
This paper presents a new model for studying international capital flows and debt dynamics that emphasizes the role played by expectations concerning future trade flows and returns. I use the model to estimate the drivers of the U.S. external position and capital flows between 1973 and 2008. The estimates show that most of the secular rise in U.S. READ MORE...

Publication date: July 2012
ISBN 9781475505238
$18.00

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Publication date: July 2012

English