Buba paper covers US drivers of imbalances
A Bundesbank paper, published on Friday, attempts to explain the factors in the US economy that have led to global imbalances emerging.
Mathias Hoffmann, Michael Krause and Thomas Laubach, the paper's authors, examine to what extent the build-up of global imbalances since the mid-1990s can be explained without resorting to financial factors.
Hoffmann, Krause and Laubach argue that while financial factors are likely to have played a role in the global imbalances, slowing productivity growth
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Financial Stability
Philadelphia Fed documents troubling credit trends in US
Revolving credit and delinquencies on rise as minimum payments hit peak for the decade
Lebanon’s depositors unlikely to see compensation, say analysts
Economists remain pessimistic, with one saying central bank should seek external help
EBA launches stricter EU-wide stress test for 2025
Banks face more scrutiny of credit risks following “overly optimistic projections” in past exercises
IMF commends Ethiopian central bank’s reforms
Institution says NBE’s measures helped country make progress in debt restructuring talks
Vietnam’s central bank orders takeovers of two lenders
SBV continues with plan to force stronger banks to take over weaker ones
BoE governor calls for greater global financial regulation
Bretton Woods institutions need to be proactive in an increasingly shock-prone world, Bailey says
Stress-test findings should be combined – BoE’s Benjamin
Bank’s director of financial stability strategy emphasises importance of “joining the dots”
Libyan central bank calls for prompt transfer of oil revenues
Bank cites growing demand for FX, as state oil company insists transfers have been regular