Other Article | Vox | October 29, 2011

Upstream Sovereigns

by Laura Alfaro, Sebnem Kalemli-Ozcan and Vadym Volosovych


With all the focus on Europe, it is easy to ignore the argument that global imbalances remain a drag on economic recovery. This column decomposes international capital flows into public and private components and claims that upstream flows from emerging to advanced economies and global imbalances in general are the result of the same underlying factor.

Keywords: Globalized Economies and Regions; Business Cycles; Balance and Stability; Capital; Developing Countries and Economies;


Alfaro, Laura, Sebnem Kalemli-Ozcan, and Vadym Volosovych. "Upstream Sovereigns." Vox (October 29, 2011).