Publication
Jun 2009
This paper examines the reasons why current account imbalances, even if they persist for some time, have provoked the biggest financial crisis in living history. The author suggests this must come from the huge, structural build-up of a mismatch between asset supply and demand that arose from what are commonly called global imbalances.
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English (PDF, 4 pages, 165 KB) |
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Author | Daniel Gros |
Series | CEPS Policy Briefs |
Issue | 189 |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2009 Centre for European Policy Studies (CEPS) |