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Rethinking balance-of-payments constraints in a globalized world
May 15, 2007 09:51

This paper confronts the traditional balance-of-payments (BoP) analytical framework (with its dominant focus on the size of a given country’s current account imbalance and its external liabilities) with the contemporary realities of highly integrated international capital markets and cross-country capital mobility.

Macroeconomic Policy No comments yet
Tags: balance-of-payments, capital, market