ÌÇÐÄvlog¹ÙÍø Affiliated Authors
Rafik Hariri Professor of the Practice of International Political Economy
Excerpt
Excerpt
The Missing Dark Matter in the Wealth of Nations and its Implications for Global Imbalances. Ricarrdo Hausmann, August 24, 2007. "Current account statistics may not be good indicators of the evolution of a country's net foreign assets and of its external position's sustainability. The value of existing assets may vary independently of current account flows, so-called 'return privileges' may allow some countries to obtain abnormal returns, and mis-measurement of FDI, unreported trade of insurance or liquidity services, and debt relief may also play a role. We analyze the relevant evidence in a large set of countries and periods, and examine measures..."