The anatomy of large valuation episodes

被引:4
作者
Benetrix, Agustin S. [1 ]
机构
[1] Trinity Coll Dublin, Dept Econ, Inst Int Integrat Studies, Dublin 2, Ireland
关键词
International financial integration; Valuation channel; Valuation episodes; EXTERNAL WEALTH; FOREIGN-ASSETS; LIABILITIES; NATIONS;
D O I
10.1007/s10290-009-0026-1
中图分类号
F [经济];
学科分类号
02 ;
摘要
We examine cases in which there is a large shift in a country's net foreign asset position due to the re-valuation of its foreign assets and/or foreign liabilities. We highlight the differences in large valuation shocks between countries characterized by large gross stocks of foreign assets and foreign liabilities and countries exhibiting large net external positions. Finally, we analyze macroeconomic dynamics in the neighborhood of large valuation episodes.
引用
收藏
页码:489 / 511
页数:23
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