Financing of Global Imbalances

Financing of Global Imbalances
This paper analyzes the determinants of bond flows, now the dominant source of capital inflows, into the United States, as a means of establishing conditions affecting the financing of the U.S. current account deficit. To test the hypothesis that capital flows have become more responsive to changes in relative interest rates and other conditions... READ MORE...

Publication date: July 2007
ISBN 9781451867411
$18.00

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