登入
選單
返回
Google圖書搜尋
International Financial Flows in the New Normal
Matthieu Bussière
Julia Schmidt
Natacha Valla
其他書名
Kay Patterns (and why We Should Care)
出版
European Investment Bank
, 2016
URL
http://books.google.com.hk/books?id=pG8KugEACAAJ&hl=&source=gbs_api
註釋
This paper documents recent trends in international financial flows, based on a newly assembled dataset covering 40 advanced and emerging countries. It highlights four stylized facts: first, the "Great Retrenchment" that took place during the crisis has proved very persistent; second, this fall can predominantly be related to advanced economies, especially in Western Europe; third, net flows have fallen substantially relative to the years preceding the crisis; and fourth, profound changes have occurred in the composition of international financial flows in ways which should help to strengthen resilience and deliver genuine cross-border risk-sharing. This paper then turns to possible explanations for and likely implications of these changes, with regard to international financial stability issues.
