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dc.contributor.authorHallett, Andrew Hughesen
dc.contributor.authorMartinez Oliva, Juan Carlosen
dc.date.accessioned2011-12-08-
dc.date.accessioned2011-12-15T12:27:50Z-
dc.date.available2011-12-15T12:27:50Z-
dc.date.issued2011-
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
dc.language.isoengen
dc.publisher|aAsian Development Bank Institute (ADBI) |cTokyoen
dc.relation.ispartofseries|aADBI Working Paper |x330en
dc.subject.jelF13en
dc.subject.jelF32en
dc.subject.jelF34en
dc.subject.ddc330en
dc.subject.stwZahlungsbilanzgleichgewichten
dc.subject.stwPortfolio-Managementen
dc.subject.stwKaufkraftparitäten
dc.subject.stwFester Wechselkursen
dc.subject.stwKapitalverkehrspolitiken
dc.subject.stwKapitalertragen
dc.subject.stwVolatilitäten
dc.subject.stwZwei-Länder-Modellen
dc.subject.stwTheorieen
dc.titleGlobal imbalances in a world of inflexible real exchange rates and capital controls-
dc.typeWorking Paperen
dc.identifier.ppn679397744en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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