Series: IMF Working Papers
Author(s): Ding Ding , Werner Schule , and Yan Sun
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 16 April 2014
Keywords: Net foreign liabilities, Current account balance, Public savings, foreign liabilities, foreign assets, international investment, financial integration, external indebtedness, Open Economy Macroeconomics,
This paper studies the dynamics of net foreign liabilities across a number of countries. Our historical analysis suggests that an orderly reduction in a country's net foreign liabilities has mostly occurred when th...