Long-Term Capital Movements /

International financial integration allows countries to become net creditors or net debtors with respect to the rest of the world. In this paper, we show that a small set of fundamentals-shifts in relative output levels, the stock of public debt and demographic factors-can do much to explain the evo...

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Detalles Bibliográficos
Autor Principal: Lane, Philip
Outros autores: Milesi-Ferretti, Gian
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2001.
Series:IMF Working Papers; Working Paper ; No. 2001/107
Acceso en liña:Full text available on IMF