Please use this identifier to cite or link to this item: https://repository.iimb.ac.in/handle/2074/11390
Title: Global imbalances and financial fragility
Authors: Shin, Jong Kook 
Subramanian, Chetan 
Keywords: Monetary Policy;Central Bank;Current Account;Real Interest Rate;Global Financial Crisis
Issue Date: 2014
Publisher: Springer India
Abstract: The global financial crisis of 2008 has brought the role of global imbalances (net capital flows) front and center in the debate on the international economic outlook. The presence of large and sustained current account imbalances has led academics and policy makers to ponder over how big a threat they represent to the global economy. In this note, we argue that it is the gross rather than the net capital flows which are a better indicator of the fragility of the global financial system.
URI: https://repository.iimb.ac.in/handle/2074/11390
ISBN: 9788132216599
DOI: 10.1007/978-81-322-1659-9_10
Appears in Collections:2010-2019

Show full item record

Google ScholarTM

Check

Altmetric


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.