Global Imbalances and the International Monetary System

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发表日期：

2025年

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Raphaël Didier,
Thomas Lagoarde-Ségot

摘要

In a closed economy, the private sector balance is the accounting mirror of the public sector balance. But economic openness renders this equality partially obsolete. We now need to consider the accounting relationships between the national private and public sectors and the rest of the world.

In a closed economy, the private sector balance is the accounting mirror of the public sector balance. But economic openness renders this equality partially obsolete. We&#xa0;now need to consider the accounting relationships between the national private and public sectors and the rest of the world.

Global Imbalances and the International Monetary System

摘要

In a closed economy, the private sector balance is the accounting mirror of the public sector balance. But economic openness renders this equality partially obsolete. We now need to consider the accounting relationships between the national private and public sectors and the rest of the world.