Coverart for item
The Resource Europe and global imbalances, prepared by Philip R. Lane and Gian Maria Milesi-Ferretti

Europe and global imbalances, prepared by Philip R. Lane and Gian Maria Milesi-Ferretti

Label
Europe and global imbalances
Title
Europe and global imbalances
Statement of responsibility
prepared by Philip R. Lane and Gian Maria Milesi-Ferretti
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
Although Europe in the aggregate is a not a major contributor to global current account imbalances, its trade and financial linkages with the rest of the world mean that it will still be affected by a shift in the current configuration of external deficits and surpluses. We assess the macroeconomic impact on Europe of global current account adjustment under alternative scenarios, emphasizing both trade and financial channels. Finally, we consider heterogeneous exposure across individual European economies to external adjustment shocks
Member of
Action
digitized
Cataloging source
OCLCE
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorDate
1969-
http://library.link/vocab/creatorName
Lane, Philip R.
Illustrations
illustrations
Index
no index present
Language note
English
LC call number
HG3881.5.I58
LC item number
W67 no.07/144 ONLINE
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Milesi-Ferretti, Gian Maria
  • International Monetary Fund
  • International Monetary Fund
Series statement
IMF Working Paper,
Series volume
WP/07/144
http://library.link/vocab/subjectName
  • Balance of payments
  • Capital movement
  • Balance of payments
  • European Union countries
Label
Europe and global imbalances, prepared by Philip R. Lane and Gian Maria Milesi-Ferretti
Instantiates
Publication
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references (pages 37-40)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • I. Introduction; II. Europe's external position in a global context; A. Current Account Balances: Stylized Facts; B. Trade Linkages; C. Financial Linkages; D. The Dynamics of Net Foreign Asset Positions: A Decomposition; III. International Adjustment; A. Unwinding of Global Imbalances-A Model-Based Perspective; B.A Brief Description of the Model; C. Model-Based Adjustment Scenarios; D. Valuation Changes; IV. Heterogeneity; A. The Trade Channel; B. The Valuation Channel; C. Net External Positions; D. Policy Discussion; V. Conclusions; Appendices
  • 1. Decomposition of Changes in Net Foreign Assets2. Estimating the Currency Composition of Net Foreign Assets; A. The Euro Area; B. China; C. Japan; D. United States; References; Tables; 1. Direction of Trade in Goods, 1984 and 2004; 2. Evolution of Net Foreign Assets, 2002-2005: Underlying Factors 2002-2005; 3. Capital Gains on External Portfolios in the Euro Area and the United States, 2002-2005; 4. Currency Composition of Net External Position, 2005; 5. Net Foreign Assets and Capital Gains, Adjustment Scenarios: Effects of Exchange Rates and Assets Prices
  • 5. The International Financial Integration of Europe6. Adjustment of Global Imbalances; 7. Europe's Current Account Balances; 8. Europe's Net Foreign Assets
  • 6a. European Countries: Bilateral Trade Patterns, 20046b. Trade Weights in Multilateral Real Exchange Rates; 7. Net Dollar Exposures; 8. Impact of 'Disruptive' Dollar Shock; 9. Current Account and Net Foreign Assets, 2005; Appendix Table; 1. Assumptions on the Composition of Capital Flows (2006-2015); Figures; 1. Current Account Balances, Major Regions, 1997-2005; 2. Current Account Balances: Europe versus the United States; 3. Current Account: Aggregate Balance of Europe, Japan, and United States; 4. Net Foreign Asset Positions: Europe and the United States
Control code
646845444
Dimensions
unknown
Extent
1 online resource (59 pages)
Form of item
online
Isbn
9781452756172
Issn
2227-8885
Level of compression
  • lossless
  • lossy
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781451911619.001
Other physical details
illustrations
Reformatting quality
  • preservation
  • access
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
(OCoLC)646845444
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Label
Europe and global imbalances, prepared by Philip R. Lane and Gian Maria Milesi-Ferretti
Publication
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references (pages 37-40)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • I. Introduction; II. Europe's external position in a global context; A. Current Account Balances: Stylized Facts; B. Trade Linkages; C. Financial Linkages; D. The Dynamics of Net Foreign Asset Positions: A Decomposition; III. International Adjustment; A. Unwinding of Global Imbalances-A Model-Based Perspective; B.A Brief Description of the Model; C. Model-Based Adjustment Scenarios; D. Valuation Changes; IV. Heterogeneity; A. The Trade Channel; B. The Valuation Channel; C. Net External Positions; D. Policy Discussion; V. Conclusions; Appendices
  • 1. Decomposition of Changes in Net Foreign Assets2. Estimating the Currency Composition of Net Foreign Assets; A. The Euro Area; B. China; C. Japan; D. United States; References; Tables; 1. Direction of Trade in Goods, 1984 and 2004; 2. Evolution of Net Foreign Assets, 2002-2005: Underlying Factors 2002-2005; 3. Capital Gains on External Portfolios in the Euro Area and the United States, 2002-2005; 4. Currency Composition of Net External Position, 2005; 5. Net Foreign Assets and Capital Gains, Adjustment Scenarios: Effects of Exchange Rates and Assets Prices
  • 5. The International Financial Integration of Europe6. Adjustment of Global Imbalances; 7. Europe's Current Account Balances; 8. Europe's Net Foreign Assets
  • 6a. European Countries: Bilateral Trade Patterns, 20046b. Trade Weights in Multilateral Real Exchange Rates; 7. Net Dollar Exposures; 8. Impact of 'Disruptive' Dollar Shock; 9. Current Account and Net Foreign Assets, 2005; Appendix Table; 1. Assumptions on the Composition of Capital Flows (2006-2015); Figures; 1. Current Account Balances, Major Regions, 1997-2005; 2. Current Account Balances: Europe versus the United States; 3. Current Account: Aggregate Balance of Europe, Japan, and United States; 4. Net Foreign Asset Positions: Europe and the United States
Control code
646845444
Dimensions
unknown
Extent
1 online resource (59 pages)
Form of item
online
Isbn
9781452756172
Issn
2227-8885
Level of compression
  • lossless
  • lossy
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781451911619.001
Other physical details
illustrations
Reformatting quality
  • preservation
  • access
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
(OCoLC)646845444
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

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