Bénétrix, Agustín S. (2007): The Anatomy of Large Valuation Episodes.
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We examine episodes in which there is a large shift in a country’s net foreign asset position due to the re-valuation of its foreign assets and/or liabilities. We highlight the differences in large valuation episodes between countries characterized by large gross stocks of foreign assets and liabilities and countries exhibiting large net positions. Finally, we analyze macroeconomic dynamics in the neighborhood of large valuation episodes.
|Item Type:||MPRA Paper|
|Institution:||Department of Economics and Institute for International Integration Studies, Trinity College Dublin|
|Original Title:||The Anatomy of Large Valuation Episodes|
|Subjects:||F - International Economics > F3 - International Finance > F36 - Financial Aspects of Economic Integration
F - International Economics > F3 - International Finance > F32 - Current Account Adjustment ; Short-Term Capital Movements
|Depositing User:||Agustín Bénétrix|
|Date Deposited:||14. Sep 2007|
|Last Modified:||18. Feb 2013 09:08|