Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
962996 | Journal of International Economics | 2012 | 18 Pages |
Abstract
⺠We study the geography of wealth transfers at the height of the financial crisis. ⺠We construct valuation changes on bilateral external positions. ⺠We find a diverse set of fortunes governed by the structure of countries' portfolios. ⺠Losses on debt portfolios are related to the country's exposure to ABS.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Pierre-Olivier Gourinchas, Hélène Rey, Kai Truempler,