Long-Term Capital Movements

Long-Term Capital Movements
International financial integration allows countries to become net creditors or net debtors with respect to the rest of the world. In this paper, we show that a small set of fundamentals-shifts in relative output levels, the stock of public debt and demographic factors-can do much to explain the evolution of net foreign asset positions. In... READ MORE...

Publication date: August 2001
ISBN 9781451852981
$15.00

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