Corporate saving in global rebalancing

dc.contributor.author	Bordo, Michael D.
dc.contributor.author	Landon-Lane, John
dc.date.accessioned	2019-11-01T00:07:07Z
dc.date.available	2019-11-01T00:07:07Z
dc.date.issued	2015
dc.identifier.isbn	978-956-7421-47-3
dc.identifier.uri	https://hdl.handle.net/20.500.12580/3894
dc.description	The increase in global imbalances in the last decade posed a theoretical challenge for international macroeconomics. Why did some less developed countries with a higher need for capital like China lend to richer countries? The inconsistency of standard dynamic open-economy models with actual global capital flows had already been recognized (for example by Lucas 1990) but the sensitivity to this issue became more acute with increasing global imbalances. This stimulated the development of several alternative theoretical frameworks. However global imbalances have declined since the global financial crisis. What light can the recent models shed on this global rebalancing?
dc.format	.pdf
dc.format.extent	Sección o Parte de un Documento
dc.format.medium	p. 79-103
dc.language.iso	eng
dc.publisher	Banco Central de Chile
dc.relation.ispartof	Series on Central Banking Analysis and Economic Policies no. 20
dc.rights	Attribution-NonCommercial-NoDerivs 3.0 Chile	*
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/cl/	*
dc.subject	MACROECONOMÍA	es_ES
dc.subject	CRISIS FINANCIERA	es_ES
dc.subject	CRISIS ECONÓMICA 2008	es_ES
dc.title	Corporate saving in global rebalancing
dc.type.doc	Artículo
dc.file.name	BCCh-sbc-v20-p079_103

Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivs 3.0 Chile