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  • October 29, 2011
  • Other Article
  • Vox, CEPR Policy Portal

Upstream Sovereigns

By: Laura Alfaro, Sebnem Kalemli-Ozcan and Vadym Volosovych
  • Format:Electronic
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Abstract

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

Citation

Alfaro, Laura, Sebnem Kalemli-Ozcan, and Vadym Volosovych. "Upstream Sovereigns." Vox, CEPR Policy Portal (October 29, 2011).
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About The Author

Laura Alfaro

General Management
→More Publications

More from the Authors

    • March 2021
    • Journal of Financial Economics

    On the Direct and Indirect Real Effects of Credit Supply Shocks

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    Latam Airlines and COVID-19: Seeking Bankruptcy Protection in the United States

    By: Laura Alfaro
    • 2020
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    Reserve Accumulation, Sovereign Debt, and Exchange Rate Policy

    By: Laura Alfaro and Fabio Kanczuk
More from the Authors
  • On the Direct and Indirect Real Effects of Credit Supply Shocks By: Laura Alfaro, Manuel García-Santana and Enrique Moral-Benito
  • Latam Airlines and COVID-19: Seeking Bankruptcy Protection in the United States By: Laura Alfaro
  • Reserve Accumulation, Sovereign Debt, and Exchange Rate Policy By: Laura Alfaro and Fabio Kanczuk
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