International capital flows and debt dynamics:
Saved in:
| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
[Washington, D.C.]
International Monetary Fund
©2012
|
| Series: | IMF working paper
WP/12/175 |
| Subjects: | |
| Online Access: | FAW01 FAW02 FLA01 |
| Item Description: | Title from PDF title page (IMF Web site, viewed Jul. 17, 2012). - "Research.". - "July 2012." This paper presents a new model for studying international capital flows and debt dynamics that emphasizes the role played by expectations concerning future trade flows and returns. I use the model to estimate the drivers of the U.S. external position and capital flows between 1973 and 2008. The estimates show that most of the secular rise in U.S. international indebtedness is attributable to growing optimism about future returns on U.S. holdings of foreign equity and FDI assets. They also show that the transformation of world savings into risky assets by the U.S. had little effect on its external position, but the expected future real depreciation of the dollar allowed the U.S. to sustain a higher level of international debt after the 1990s Includes bibliographical references |
| Physical Description: | 59 pages |
| ISBN: | 1475581211 9781475581218 |
Staff View
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| 500 | |a This paper presents a new model for studying international capital flows and debt dynamics that emphasizes the role played by expectations concerning future trade flows and returns. I use the model to estimate the drivers of the U.S. external position and capital flows between 1973 and 2008. The estimates show that most of the secular rise in U.S. international indebtedness is attributable to growing optimism about future returns on U.S. holdings of foreign equity and FDI assets. They also show that the transformation of world savings into risky assets by the U.S. had little effect on its external position, but the expected future real depreciation of the dollar allowed the U.S. to sustain a higher level of international debt after the 1990s | ||
| 500 | |a Includes bibliographical references | ||
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| id | DE-604.BV043786745 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:35:07Z |
| institution | BVB |
| isbn | 1475581211 9781475581218 |
| language | English |
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| physical | 59 pages |
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| publishDate | 2012 |
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| spelling | Evans, Martin D. D. Verfasser aut International capital flows and debt dynamics prepared by Martin D.D. Evans [Washington, D.C.] International Monetary Fund ©2012 59 pages txt rdacontent c rdamedia cr rdacarrier IMF working paper WP/12/175 Title from PDF title page (IMF Web site, viewed Jul. 17, 2012). - "Research.". - "July 2012." This paper presents a new model for studying international capital flows and debt dynamics that emphasizes the role played by expectations concerning future trade flows and returns. I use the model to estimate the drivers of the U.S. external position and capital flows between 1973 and 2008. The estimates show that most of the secular rise in U.S. international indebtedness is attributable to growing optimism about future returns on U.S. holdings of foreign equity and FDI assets. They also show that the transformation of world savings into risky assets by the U.S. had little effect on its external position, but the expected future real depreciation of the dollar allowed the U.S. to sustain a higher level of international debt after the 1990s Includes bibliographical references Capital movements / Econometric models fast Debts, External / Econometric models fast BUSINESS & ECONOMICS / Finance bisacsh Wirtschaft Ökonometrisches Modell Capital movements Econometric models Capital movements United States Econometric models Debts, External Econometric models Debts, External United States Econometric models USA International Monetary FundXXbResearch Department Sonstige oth |
| spellingShingle | Evans, Martin D. D. International capital flows and debt dynamics Capital movements / Econometric models fast Debts, External / Econometric models fast BUSINESS & ECONOMICS / Finance bisacsh Wirtschaft Ökonometrisches Modell Capital movements Econometric models Capital movements United States Econometric models Debts, External Econometric models Debts, External United States Econometric models |
| title | International capital flows and debt dynamics |
| title_auth | International capital flows and debt dynamics |
| title_exact_search | International capital flows and debt dynamics |
| title_full | International capital flows and debt dynamics prepared by Martin D.D. Evans |
| title_fullStr | International capital flows and debt dynamics prepared by Martin D.D. Evans |
| title_full_unstemmed | International capital flows and debt dynamics prepared by Martin D.D. Evans |
| title_short | International capital flows and debt dynamics |
| title_sort | international capital flows and debt dynamics |
| topic | Capital movements / Econometric models fast Debts, External / Econometric models fast BUSINESS & ECONOMICS / Finance bisacsh Wirtschaft Ökonometrisches Modell Capital movements Econometric models Capital movements United States Econometric models Debts, External Econometric models Debts, External United States Econometric models |
| topic_facet | Capital movements / Econometric models Debts, External / Econometric models BUSINESS & ECONOMICS / Finance Wirtschaft Ökonometrisches Modell Capital movements Econometric models Capital movements United States Econometric models Debts, External Econometric models Debts, External United States Econometric models USA |
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