Publication
Jul 2009
This paper will explain in detail the differences between the net external imbalances and measured gross financial flows. This comparison will reveal that data on net external imbalances do not identify which countries are most actively involved in large cross-border financial transactions and, hence, whose behavior is most critical for global financial stability.
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English (PDF, 19 pages, 156 KB) |
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Author | Karen H Johnson |
Series | CFR Working Papers |
Publisher | Council on Foreign Relations (CFR) |
Copyright | © 2009 Council on Foreign Relations (CFR) |