The Stabilizing Role of Net Foreign Asset Returns /

With the rapid growth of countries' foreign asset and liability positions over the last two decades, financial returns on those positions ('NFA returns') have become material drivers of current accounts and net stock positions. This paper documents the relative importance of NFA retur...

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Autor principal: Adler, Gustavo
Altres autors: Garcia-Macia, Daniel
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2018.
Col·lecció:IMF Working Papers; Working Paper ; No. 2018/079
Accés en línia:Full text available on IMF