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Keywords:Balance of payments 

Journal Article
Recent changes in U.S. trade and payments

Federal Reserve Bulletin , Issue Apr , Pages 455-465

Working Paper
Speculative attacks on pegged exchange rates: an empirical exploration with special reference to the European Monetary System

This paper presents an empirical analysis of speculative attacks on pegged exchange rates in 22 countries between 1967 and 1992. We define speculative attacks or crises as large movements in exchange rates, interest rates, and international reserves. We develop stylized facts concerning the univariate behavior of a variety of macroeconomic variables, comparing crises with periods of tranquility. For ERM observations we cannot reject the null hypothesis that there are few significant differences in the behavior of key macroeconomic variables between crises and non-crisis periods. This null ...
Working Papers in Applied Economic Theory , Paper 95-04

Journal Article
World payments imbalances

FRBSF Economic Letter

Journal Article
Commercial bank financing of world payment imbalance

Economic Review , Issue Fall , Pages 6-18

Working Paper
Cross-border returns differentials

Were the U.S. to persistently earn substantially more on its foreign investments ("U.S. claims") than foreigners earn on their U.S. investments ("U.S. liabilities"), the likelihood that the current environment of sizeable global imbalances will evolve in a benign manner increases. However, using a monthly dataset on the foreign equity and bond portfolios of U.S. investors and the U.S. equity and bond portfolios of foreign investors, we find that the returns differential for portfolio securities is near zero, far smaller than previously reported. Examining all U.S. claims and liabilities ...
International Finance Discussion Papers , Paper 921

Conference Paper
International payments imbalances of the East Asian developing economies

Conference Series ; [Proceedings] , Volume 32 , Pages 103-156

Journal Article
Is America being sold out?

Review , Issue Mar , Pages 47-64

Journal Article
Financing current account deficits

FRBSF Economic Letter

Journal Article
Considering the capital account

International Economic Trends , Issue Nov

Journal Article
Balance of international payments in 1954-55

Federal Reserve Bulletin , Issue Oct , Pages 1075-1082

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