Series: IMF Working Papers
Author(s): Martin Evans
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2012
Keywords: External Imbalances, International Debt, International Solvency, Exorbitant Privilege, foreign asset, foreign assets, foreign liabilities, capital gains, International Lending and Debt Problems,
This paper presents a new model for studying international capital flows and debt dynamics that emphasizes the role played by expectations concerning future trade flows and returns. I use the model to estimate the...