The Post‑crisis Narrowing of International Imbalances: Cyclical or Durable?
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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After peaking in the first half of 2008, international imbalances declined sharply during the global
crisis of 2008-09, in part reflecting cyclical factors such as large contractions in domestic demand on the
back of bursting housing bubbles in a number of deficit countries, as well as large declines in cross-border
capital flows, interest rates...
