Assessing Global Imbalances: The Nuts and Bolts

2019-03-25T14:09:55-04:00June 26, 2017|

By Maurice Obstfeld

June 26, 2017

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Men playing chess: countries with rapidly aging populations need funds that they can draw down when their workers retire (photo: Caro/Jandke/Newscom)

Current account imbalances can be healthy or a sign of macroeconomic and financial stress—which makes their evaluation tricky. In line with its mandate of promoting international monetary cooperation, the IMF conducts annual external […]