|
|
|
|
| LEADER |
02803nmm a2200649 u 4500 |
| 001 |
EB000925373 |
| 003 |
EBX01000000000000000718969 |
| 005 |
00000000000000.0 |
| 007 |
cr||||||||||||||||||||| |
| 008 |
150128 ||| eng |
| 020 |
|
|
|a 9781451979244
|
| 100 |
1 |
|
|a Horne, Jocelyn
|
| 245 |
0 |
0 |
|a Net Foreign Assets and International Adjustment
|b The United States, Japan, and Germany
|c Jocelyn Horne, Paul Masson, Jeroen Kremers
|
| 260 |
|
|
|a Washington, D.C.
|b International Monetary Fund
|c 1993
|
| 300 |
|
|
|a 26 pages
|
| 651 |
|
4 |
|a United States
|
| 653 |
|
|
|a Payment Systems
|
| 653 |
|
|
|a Public debt
|
| 653 |
|
|
|a Investments, Foreign
|
| 653 |
|
|
|a Public finance & taxation
|
| 653 |
|
|
|a Regimes
|
| 653 |
|
|
|a Debts, Public
|
| 653 |
|
|
|a Exports and Imports
|
| 653 |
|
|
|a International Lending and Debt Problems
|
| 653 |
|
|
|a Money
|
| 653 |
|
|
|a National Government Expenditures and Related Policies: General
|
| 653 |
|
|
|a Standards
|
| 653 |
|
|
|a Government and the Monetary System
|
| 653 |
|
|
|a Current account
|
| 653 |
|
|
|a Short-term Capital Movements
|
| 653 |
|
|
|a Monetary economics
|
| 653 |
|
|
|a Current Account Adjustment
|
| 653 |
|
|
|a Debt Management
|
| 653 |
|
|
|a Balance of payments
|
| 653 |
|
|
|a Debt
|
| 653 |
|
|
|a External position
|
| 653 |
|
|
|a Long-term Capital Movements
|
| 653 |
|
|
|a International economics
|
| 653 |
|
|
|a Foreign assets
|
| 653 |
|
|
|a Expenditure
|
| 653 |
|
|
|a Sovereign Debt
|
| 653 |
|
|
|a Expenditures, Public
|
| 653 |
|
|
|a Monetary Systems
|
| 653 |
|
|
|a Foreign exchange market
|
| 653 |
|
|
|a Foreign currency exposure
|
| 653 |
|
|
|a Public Finance
|
| 653 |
|
|
|a Money and Monetary Policy
|
| 653 |
|
|
|a International Investment
|
| 700 |
1 |
|
|a Kremers, Jeroen
|
| 700 |
1 |
|
|a Masson, Paul
|
| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
|
| 989 |
|
|
|b IMF
|a International Monetary Fund
|
| 490 |
0 |
|
|a IMF Working Papers
|
| 028 |
5 |
0 |
|a 10.5089/9781451979244.001
|
| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/1993/033/001.1993.issue-033-en.xml?cid=734-com-dsp-marc
|x Verlag
|3 Volltext
|
| 082 |
0 |
|
|a 330
|
| 520 |
|
|
|a This paper examines external adjustment in the United States, Japan and Germany from the perspective of net foreign asset positions. It asks two questions: What are, in the long run, the determinants of net foreign asset equilibrium? and: What are, in the short run, some of the adjustment mechanisms sustaining that equilibrium? An analysis of post-war data produces two insights. First, using a cointegration approach, the existence of long-run net foreign asset equilibrium can be identified: it is a function of demographic variables and public debt. Second, deviations from long-run equilibrium give rise to feedback through different components of domestic absorption in the three countries
|