- ______ (1929b): “The reparations problem: a discussion. II. A rejoinderâ€, Economic Journal, vol 39, pp 179–82.
Paper not yet in RePEc: Add citation now
- ______ (1941): “Post-war currency policyâ€, memoranda reproduced in D Moggridge (ed) (1980): The collected writings on John Maynard Keynes, vol 25, Activities 1940–1944, Shaping the post-war world: the Clearing Union, MacMillan/Cambridge University Press.
Paper not yet in RePEc: Add citation now
- ______ (2009): “Financial reform to address systemic riskâ€, speech at the Council on Foreign Relations, Washington DC, 10 March.
Paper not yet in RePEc: Add citation now
- ______ (2014): “Low interest rates and secular stagnation: is debt a missing link?“, VoxEU, 25 June.
Paper not yet in RePEc: Add citation now
- ——— (1929b): “Mr. Keynes’ views on the transfer problem. II. A rejoinder from Professor Ohlinâ€, Economic Journal, vol 39, pp 400–4.
Paper not yet in RePEc: Add citation now
- ——— (1996): Foundations of international macroeconomics, Cambridge: MIT Press.
Paper not yet in RePEc: Add citation now
- ——— (2006): “What matters for financial development? Capital controls, institutions, and interactions“, Journal of Development Economics, vol 81(1), pp 163–92.
Paper not yet in RePEc: Add citation now
- ——— (2007b): “International financial adjustmentâ€, Journal of Political Economy, pp 665– 703.
Paper not yet in RePEc: Add citation now
- ——— (2010): “Domestic institutions and the bypass effect of financial globalizationâ€, American Economic Journal: Economic Policy, vol 2, pp 173–204.
Paper not yet in RePEc: Add citation now
- ——— (2011): “Financial flows, financial crises, and global imbalancesâ€, Journal of International Money and Finance, vol 31, pp 469–80.
Paper not yet in RePEc: Add citation now
- ——— (2012): “Does the current account still matter?â€, American Economic Review: Papers and Proceedings, vol 102(3), pp 1–23, Richard T Ely Lecture.
Paper not yet in RePEc: Add citation now
- ——— (2013): “External adjustment, global imbalances and valuation effectsâ€, NBER Working Papers, no 19240.
Paper not yet in RePEc: Add citation now
- ——— (2013): “External Balance Assessment (EBA) Methodology: Technical Backgroundâ€, IMF Research Department, June.
Paper not yet in RePEc: Add citation now
- ——— (2014): “Are global imbalances at a turning point?â€, World Economic Outlook, Chapter 4, October.
Paper not yet in RePEc: Add citation now
- ——— (2014): “The international monetary and financial system: its Achilles heel and what to do about itâ€, BIS Working Papers, no 456, September.
Paper not yet in RePEc: Add citation now
- ——— (2014a): “A parsimonious approach to incorporating economic information in measures of potential outputâ€, BIS Working Papers, no 442, February.
Paper not yet in RePEc: Add citation now
- ——— (2015): “Trilemmas and trade-offs: living with financial globalisationâ€, BIS Working Papers, no 480, January.
Paper not yet in RePEc: Add citation now
Adrian, T and H Shin (2010): â€The changing nature of financial intermediation and the financial crisis of 2007–09â€, Federal Reserve Bank of New York, Staff Reports, no 439.
Aizenman, J and Y Jinjarak (2008): “Current account patterns and national real estate marketsâ€, NBER Working Papers, no 13921.
Aizenman, J, B Pinto and A Radziwill (2004): “Sources for financing domestic capital – is foreign saving a viable option for developing countries?â€, NBER Working Papers, no 10624.
Alfaro, L, S Kalemli-Özcan and V Volosovych (2008): “Why doesn’t capital flow from rich to poor countries: an empirical investigationâ€, Review of Economics and Statistics, vol 90(2), pp 347–68.
Apergis, N and C Tsoumas (2009): “A survey of the Feldstein-Horioka puzzle: What has been done and where we standâ€, Research in Economics, 63, pp 64–76.
Avdjiev S, R McCauley and H S Shin (2015): “Breaking free of the triple coincidence in international financeâ€, BIS Working Papers, no XXX, October.
Avdjiev S, R McCauley and P McGuire (2012): “Rapid credit growth and international credit: challenges for Asiaâ€, BIS Working Papers, no 377, April.
Avdjiev, S, M Chui and H S Shin (2014): “Non-financial corporations from emerging market economies and capital flowsâ€, BIS Quarterly Review, December, pp 67–77.
Bai, Y and J Zhang (2010): â€Solving the Feldstein-Horioka puzzle with financial frictionsâ€, Econometrica, vol 78(2), pp 603–32.
- Baldwin, R and J López-González (2013): “Supply-chain trade: A portrait of global patterns and several testable hypothesesâ€, NBER Working Papers, no 18957.
Paper not yet in RePEc: Add citation now
Baldwin, R, R Lipsey and D Richardson (1998): “Introductionâ€, in R Baldwin, R Lipsey and D Richardson (eds), Geography and ownership as bases for economic accounting, Chicago: University of Chicago Press for the National Bureau of Economic Research, pp 1–8.
- Bank for International Settlements (2015): 85th Annual Report, June.
Paper not yet in RePEc: Add citation now
- Barattieri, A (2014): “Comparative advantage, service trade, and global imbalancesâ€, Journal of International Economics, vol 92(1), pp 1–13.
Paper not yet in RePEc: Add citation now
- Bernanke, B (2005): “The global saving glut and the U.S. current account deficitâ€, speech at the Sandridge Lecture, Richmond, 10 March.
Paper not yet in RePEc: Add citation now
Bernanke, B, C Bertaut, L DeMarco, and S Kamin (2011): “International capital flows and the returns to safe assets in the United States, 2003–2007â€, International Finance Discussion Papers, no 1014.
Blanchard, O and G Milesi-Ferretti (2011): â€(Why) should current account balances be reduced?â€, IMF Staff Discussion Note, SDN/11/03.
Borio, C and P Disyatat (2011): “Global imbalances and the financial crisis: Link or no link?â€, BIS Working Papers, no 346, June. Revised and extended version of “Global imbalances and the financial crisis: reassessing the role of international financeâ€, Asian Economic Policy Review, 5, 2010, pp 198–216.
- Borio, C and P Lowe (2002): “Assessing the risk of banking crisesâ€, BIS Quarterly Review, December, pp 43–54.
Paper not yet in RePEc: Add citation now
- Borio, C, H James and H S Shin (2014b): “The international monetary and financial system: a capital account historical perspectiveâ€, BIS Working Papers, no 457, September.
Paper not yet in RePEc: Add citation now
Borio, C, P Disyatat and M Juselius (2013): “Rethinking potential output: embedding information about the financial cycleâ€, BIS Working Papers, no 404, February.
Borio, C, R McCauley and P McGuire (2011): “Global credit and domestic credit boomsâ€, BIS Quarterly Review, September, pp 43–57.
- Buiter, W, E Rahbari and J Michels (2011): “The implications of intra-euro area imbalances in credit flowsâ€, CEPR Policy Insight, no 57.
Paper not yet in RePEc: Add citation now
Caballero, R, E Farhi and P Gourinchas (2008): “An equilibrium model of ‘global imbalances’ and low interest ratesâ€, American Economic Review, vol 98(1), pp 358–93.
Calvo, G (1998): “Capital flows and capital market crises: the simple analytics of sudden stopsâ€, Journal of Applied Economics, vol 1(1), pp 35–54.
- Capital flow puzzles and the current account: taking financing seriously 41 Borio, C (2013): “The Global Financial Crisis: setting priorities for new statisticsâ€, Journal of Banking Regulation, 14, pp 306–17.
Paper not yet in RePEc: Add citation now
- Capital flow puzzles and the current account: taking financing seriously 42 Clower, R (1967): “Foundations of monetary theoryâ€, in R Clower (ed), Monetary Theory, Harmondsworth, Penguin Books.
Paper not yet in RePEc: Add citation now
- Capital flow puzzles and the current account: taking financing seriously 43 ——— (2013): “External Balance Assessment (EBA) methodology: technical backgroundâ€, IMF Research Department, June.
Paper not yet in RePEc: Add citation now
Capital flow puzzles and the current account: taking financing seriously 44 Lane, P and P McQuade (2014): “Domestic credit growth and international capital flowsâ€, Scandinavian Journal of Economics, vol 116(1), pp 218–52.
Caselli, F and J Feyrer (2007): “The marginal product of capitalâ€, Quarterly Journal of Economics, vol 122(2), pp 535–68.
- Catão, L and G Milesi-Ferretti (2013): “External liabilities and crisesâ€, IMF Working Papers, 13/113.
Paper not yet in RePEc: Add citation now
Chang, Y and T Smith (2014): â€Feldstein-Horioka puzzlesâ€, European Economic Review, vol 72, pp 98–112.
- Chinn, M and H Ito (2008): “A new measure of financial openness, Journal of Comparative Policy Analysis, vol 10, pp 309–22.
Paper not yet in RePEc: Add citation now
- Claassen, P and G van den Dool (2013): “The effects of including SPEs on BoP and FDI statisticsâ€, Twenty-Sixth Meeting of the IMF Committee on Balance of Payments Statistics, October.
Paper not yet in RePEc: Add citation now
- Congdon, T (1988): The debt threat: the dangers of high real interest rates for the world economy, Oxford: Basil Blackwell.
Paper not yet in RePEc: Add citation now
David, J, E Henriksen and I Simonovska (2014): â€The risky capital of emerging marketsâ€, NBER Working Papers, no 20769.
Decressin, J and P Disyatat (2008): “Productivity shocks and the current account: an alternative perspective of capital market integrationâ€, Journal of International Money and Finance, vol 27(6), pp 897–914.
Disyatat, P (2011): “The bank lending channel revisitedâ€, Journal of Money, Credit and Banking, vol 43(4), pp 711–34.
Dooley, M, D Folkerts-Landau and P Garber (2004): “The revived Bretton Woods systemâ€, International Journal of Finance & Economics, vol 9(4), pp 307–13.
Feldstein, M and C Horioka (1980): “Domestic saving and international capital flowsâ€, Economic Journal, vol 90, pp 314–29.
Golub, S (1990): “International capital mobility: net versus gross stocks and flowsâ€, Journal of International Money and Finance, vol 9, pp 424–39.
- Gourinchas, P-O and H Rey (2007a): “From world banker to world venture capitalist: US external adjustment and the exorbitant privilegeâ€, in R Clarida (ed), G-7 current account imbalances: sustainability and adjustment, University of Chicago Press: Chicago, pp 11–55.
Paper not yet in RePEc: Add citation now
Gourinchas, P-O and O Jeanne (2013): “Capital flows to developing countries: the Allocation Puzzleâ€, Review of Economic Studies, vol 80(4), pp 1484–1515.
Gourinchas, P-O, O Jeanne and M Obstfeld (2012): “Stories of the twentieth century for the twenty-firstâ€, American Economic Journal: Macroeconomics, vol 4(1), pp 226–65.
- Group of 20 (2011): “G20 Mutual Assessment Process: From Pittsburgh to Cannes-IMF Umbrella Reportâ€, https://www.imf.org/external/np/g20/pdf/map2011/umbrella.pdf.
Paper not yet in RePEc: Add citation now
Hobza, A and S Zeugner (2014): â€The ‘imbalanced balance’ and its unravelling: current accounts and bilateral financial flows in the euro areaâ€, European Commission Economic Papers, no 520.
Hsieh, C and P Klenow (2007): “Relative prices and relative prosperityâ€, American Economic Review, vol 97(3), pp 562–85.
Hume, M and A Sentance (2009): “The global credit boom: challenges for macroeconomics and policyâ€, Journal of International Money and Finance, vol 28(8), pp 1426–61.
- International Monetary Fund (2014): “Chapter 4: Are Global Imbalances at a Turning Point?†World Economic Outlook, October 2014.
Paper not yet in RePEc: Add citation now
- Jakab, Z and M Kumhof (2015): “Banks are not intermediaries of loanable funds – and why this mattersâ€, Bank of England Working Papers, no 529.
Paper not yet in RePEc: Add citation now
Jin, K (2012): “Industrial structure and capital flowsâ€, American Economic Review, vol 102(5), pp 2111–46.
Jordà , Ã’, M Schularick and A Taylor (2011): “Financial crises, credit booms, and external imbalances: 140 years of lessonsâ€, IMF Economic Review, vol 59(2), pp 340–78.
- Ju, J and S Wei (2009): “Current account adjustment in a model with multiple tradable sectors and labor market rigiditiesâ€, mimeo.
Paper not yet in RePEc: Add citation now
Ju, J, S Kang, W Shang-Jin (2012): “Trade reforms and current account imbalances: when does the general equilibrium effect overturn a partial equilibrium intuition?â€, NBER Working Papers, no 18653.
- Keynes, J (1929a): “The German transfer problemâ€, Economic Journal, vol 39, pp 1–7.
Paper not yet in RePEc: Add citation now
- King, M (2010): Speech delivered at the University of Exeter Business Leaders’ Forum, 19 January.
Paper not yet in RePEc: Add citation now
Kiyotaki, N and J Moore (2002): “Evil is the root of all moneyâ€, American Economic Review, vol 92(2), pp 62–75.
- Kose, A, E Prasad, K Rogoff and S Wei (2006): “Financial globalization: a reappraisalâ€, NBER Working Papers, no 12484.
Paper not yet in RePEc: Add citation now
- Kravis, I and R Lipsey (1985): “The competitive position of U.S. manufacturing firmsâ€, Banca Nazionale del Lavoro Quarterly Review, no 153, June, pp 127–154.
Paper not yet in RePEc: Add citation now
- Krugman, P (2009): “Revenge of the glutâ€, The New York Times, 1 March.
Paper not yet in RePEc: Add citation now
- Kubelec, C and F Sá (2012): “The geographical composition of national external balance sheets: 1980–2005â€, International Journal of Central Banking, vol 8(2), pp 143–188.
Paper not yet in RePEc: Add citation now
Lane, P, P McQuade and G Milesi-Ferretti (2007): “The external wealth of nations mark II: revised and extended estimates of foreign assets and liabilities, 1970–2004â€, Journal of International Economics, vol 73(2), pp 223–250.
Lindner, F (2013): â€Does saving increase the supply of credit? A critique of loanable funds theoryâ€, Institut für Makroökonomie und Konjunkturforschung Working Papers, no 120, September.
Lomax, D (1986): The developing country debt crisis, London: Macmillan.
Lucas, R (1990): “Why doesn’t capital flow from rich to poor countries?â€, American Economic Review, vol 80, pp 92–6.
- Mankiw, N (2008): Principles of economics, 5th Edition, South-Western Publishing.
Paper not yet in RePEc: Add citation now
- Manova, K and Z Zhang (2009): “China’s exporters and importers: firms, products and trade partnersâ€, NBER Working Papers, no 15249.
Paper not yet in RePEc: Add citation now
McGuire, P and G von Peter (2009): “The US dollar shortage in global banking and the international policy response,†BIS Working Paper, no. 291, October.
Mendoza, E, V Quadrini and V Rios-Rull (2009): “Financial integration, financial development, and global imbalancesâ€, Journal of Political Economy, vol 117(3), pp 371–416.
Milesi-Ferretti, G, F Strobbe and N Tamirisa (2010): “Bilateral financial linkages and global imbalances: a view on the eve of the financial crisisâ€, IMF Working Papers, no 10/257.
- Obstfeld, M (1986): “Capital mobility in the world economy: theory and measurementâ€, Carnegie-Rochester Conference Series on Public Policy, vol 24 (supplement to the Journal of Monetary Economics), Spring.
Paper not yet in RePEc: Add citation now
- Ohlin, B (1929a): “The reparation problem: a discussionâ€, Economic Journal, vol 39, June, pp 172–83.
Paper not yet in RePEc: Add citation now
- Prasad, E, R Rajan and A Subramanian (2006): “Patterns of international capital flows and their implications for economic developmentâ€, paper presented at the Federal Reserve Bank Capital flow puzzles and the current account: taking financing seriously 45 of Kansas City Economic Policy Symposium The New Economic Geography: Effects and Policy Implications, Jackson Hole, 24–26 August.
Paper not yet in RePEc: Add citation now
Quinn, D (1997): “The correlates of changes in international financial regulationâ€, American Political Science Review, vol 91(3), pp 531–51.
Quinn, D and A Toyoda (2008): “Does capital account liberalization lead to economic growth? An empirical investigationâ€, Review of Financial Studies, vol 21(3), pp 1403–49.
Reinhart, C and K Rogoff (2004): “Serial default and the ‘paradox’ of rich-to-poor capital flowsâ€, American Economic Review, vol 94(2), pp 53–8.
- Rey, H (2013): “Dilemma not trilemma: the global financial cycle and monetary policy independenceâ€, paper presented at the Federal Reserve of Kansas City Economic Policy Symposium Global Dimensions of Unconventional Monetary Policy, Jackson Hole, 22–24 August.
Paper not yet in RePEc: Add citation now
Rodrik, D (2008): “The real exchange rate and economic growthâ€, Brookings Papers on Economic Activity, vol 39(2), pp 365–439.
Sá, F, P Towbin and T Wieladek (2011): “Low interest rates and housing booms: the role of capital inflows, monetary policy and financial innovationâ€, Bank of England, Working Papers, no 411, February.
Shin, H S (2012): “Global banking glut and loan risk premiumâ€, IMF Economic Review, vol 60(4), pp 155–92, Mundell Fleming Lecture.
Taylor, A (2012): â€External imbalances and financial crisesâ€, NBER Working Papers, no 18606.
Tobin, J (1969): “A general equilibrium approach to monetary theoryâ€, Journal of Money, Credit and Banking, vol 1(1), pp 15–29.
- Wang, P, Y Wen and Z Xu (2012): â€Two-way capital flows and global imbalances: a neoclassical approachâ€, Federal Reserve Bank of St Louis, Working Paper 2012-016A.
Paper not yet in RePEc: Add citation now
Xing, Y and N Detert (2010): â€How the iPhone widens the United States trade deficit with the People’s Republic of Chinaâ€, ADBI Working Papers, no 257.
- Yaser, A, W Ridinger and S Whitaker (2013): â€The role of external balance sheets in the financial crisisâ€, Financial Stability Papers, no 24.
Paper not yet in RePEc: Add citation now