The Post-crisis Narrowing of International Imbalances: Cyclical or Durable?

After peaking in the first half of 2008, international imbalances declined sharply during the global crisis of 2008-09, in part reflecting cyclical factors such as large contractions in domestic demand on the back of bursting housing bubbles in a number of deficit countries, as well as large decline...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: Ollivaud, Patrice, Schwellnus, Cyrille
Format: Regierungsdokument
Sprache:eng
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