Cédric Tille of the Graduate Institute in Geneva talks to Romesh Vaitilingam about the enormous growth in most countries’ holdings of external assets and liabilities since the mid-1990s, and its consequences for current account volatility and international economic linkages. The interview was recorded at the annual congress of the European Economic Association in Milan in August 2008.
Cédric Tille, 19 September 2008
Charles Wyplosz, 28 May 2007
National foreign-exchange reserves have grown massively over the past ten years. Is this growth unexpectedly large? And is it driven by insurance motives, or does it result from competitiveness-boosting currency manipulation?
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