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dc.contributor.authorHallett, Andrew Hughesen_US
dc.contributor.authorMartinez Oliva, Juan Carlosen_US
dc.date.accessioned2011-12-08en_US
dc.date.accessioned2011-12-15T12:27:50Z-
dc.date.available2011-12-15T12:27:50Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/53737-
dc.description.abstractThis paper addresses the issue of international payments in a stock-flow framework, by capturing the interaction between the current account balance and international assets portfolios of domestic and foreign investors. It is argued that the stability of such interaction may be affected by shifts in the preferences of investors, by the relative rate of return of different assets, and - more in general - by institutional settings. The model is then used for policy analysis purposes to derive the conditions for the existence of dynamic equilibria, and if they can be attained, under the assumption of market-distorting policy choices.en_US
dc.language.isoengen_US
dc.publisherAsian Development Bank Institute Tokyoen_US
dc.relation.ispartofseriesADBI working paper series 330en_US
dc.subject.jelF13en_US
dc.subject.jelF32en_US
dc.subject.jelF34en_US
dc.subject.ddc330en_US
dc.subject.stwZahlungsbilanzgleichgewichten_US
dc.subject.stwPortfolio-Managementen_US
dc.subject.stwKaufkraftparitäten_US
dc.subject.stwFester Wechselkursen_US
dc.subject.stwKapitalverkehrspolitiken_US
dc.subject.stwKapitalertragen_US
dc.subject.stwVolatilitäten_US
dc.subject.stwZwei-Länder-Modellen_US
dc.subject.stwTheorieen_US
dc.titleGlobal imbalances in a world of inflexible real exchange rates and capital controlsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn679397744en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:ADBI Working Paper Series, Asian Development Bank Institute

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