AEA Papers and Proceedings
ISSN 2574-0768 (Print) | ISSN 2574-0776 (Online)
Global Imbalances and Power Imbalances
AEA Papers and Proceedings
(pp. 133–137)
Abstract
We discuss the conditions under which global imbalances, such as China being a large foreign creditor and the United States being a large foreign debtor, might also generate power imbalances. We highlight possible theoretical channels and empirical measures that the future literature could investigate in a full treatment of this topic.Citation
Clayton, Christopher, Matteo Maggiori, and Jesse Schreger. 2026. "Global Imbalances and Power Imbalances." AEA Papers and Proceedings 116: 133–137. DOI: 10.1257/pandp.20261017Additional Materials
JEL Classification
- E44 Financial Markets and the Macroeconomy
- F31 Foreign Exchange
- F34 International Lending and Debt Problems
- F51 International Conflicts; Negotiations; Sanctions
- H63 National Debt; Debt Management; Sovereign Debt
- N24 Economic History: Financial Markets and Institutions: Europe: 1913-
- N44 Economic History: Government, War, Law, International Relations, and Regulation: Europe: 1913-