Series: IMF Staff Position Notes
Author(s): Gian Milesi-Ferretti , and Olivier Blanchard
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 22 December 2009
Keywords: Financial crisis, Capital flows, Asset prices, Current account deficits, Cross country analysis, Capital markets, Private savings, Private investment, Investment, International financial system
This chapter analyses various reasons for global imbalances and ways to tackle these issues. Current account balances reflect a plethora of macroeconomic and financial mechanisms. The overall assessment is that the...