External Adjustment and the Global Crisis

External Adjustment and the Global Crisis
After widening substantially in the period preceding the global financial crisis, current account imbalances across the world have contracted to a significant extent. This paper analyzes the factors underlying this process of external adjustment. It finds that countries whose pre-crisis current account balances were in excess of what could be... READ MORE...

Publication date: August 2011
ISBN 9781462304240
$18.00

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