English, Article edition: Rhyme or Reason: What Explains the Easy Financing of the U.S. Current Account Deficit? Ravi Balakrishnan; Tamim Bayoumi; Volodymyr Tulin

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/59121
Physical Description
  • article
Language
  • English

Edition details

Title
  • Rhyme or Reason: What Explains the Easy Financing of the U.S. Current Account Deficit&​quest;
Author
  • Ravi Balakrishnan
  • Tamim Bayoumi
  • Volodymyr Tulin
Physical Description
  • article
Notes
  • This paper examines the roles of U.S. financial innovation, financial globalization, and the savings glut hypothesis in explaining the rise in U.S. external debt, first in a portfolio balance model, and then empirically. Perhaps surprisingly, financial deepening and falling home bias in industrialized countries explain a large share of external financing. The savings glut hypothesis (including difficult-to-track petrodollar recycling) and U.S. financial innovation also play a role, in part as a cause of declining home bias in industrialized countries. The latter underscores the importance of not looking at these factors in isolation, but rather as a constellation of forces that can be self-reinforcing. IMF Staff Papers (2009) 56, 410–445. doi:10.1057/​imfsp.2009.11
  • RePEc:pal:imfstp:v:56:y:2009:i:2:p:410-445
Language
  • English
Contributed by
OAIster

Get this edition

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment