External Adjustment, Global Imbalances, Valuation Effects

Gourinchas, P-O and Rey, H (2014) External Adjustment, Global Imbalances, Valuation Effects. In: Handbook of International Economics. Elsevier, pp. 585-645. ISBN 9780444543141


We provide an overview of the recent developments of the literature on the determinants of long-term capital flows, global imbalances, and valuation effects. We present the main stylized facts of the new international financial landscape in which external balance sheets of countries have grown in size and discuss implications for the international monetary and financial system.

More Details

[error in script]
Item Type: Book Section
Subject Areas: Economics
Additional Information:

ISSN: 1573-4404

Date Deposited: 06 Dec 2019 11:31
Last Modified: 18 Apr 2024 01:23
URI: https://lbsresearch.london.edu/id/eprint/1292
[error in script] More

Export and Share


Full text not available from this repository.


View details on Dimensions' website

Downloads from LBS Research Online

View details

Actions (login required)

Edit Item Edit Item