Global imbalances in the XIX, XX and the XXI centuries
(2016)
Journal Article
Eugeni, S. (2016). Global imbalances in the XIX, XX and the XXI centuries. Economics Letters, 145, 69-72. https://doi.org/10.1016/j.econlet.2016.05.018
We establish a new stylized fact: while the current account and the trade balances are positively correlated during the second globalization (1990s–2010s), they were negatively correlated during the first globalization (1870s–1910s). We show that the... Read More about Global imbalances in the XIX, XX and the XXI centuries.