Global Imbalances and Power Imbalances

2026 Preprint Open access

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Authors: Matteo Maggiori, Jesse Schreger, Christopher Clayton
DOI: 10.31235/osf.io/u374c_v1
Cited by: 0

Abstract

We discuss the conditions under which global imbalances, such as China being a largeforeign creditor and the United States being a large foreign debtor, might also generatepower imbalances. We highlight possible theoretical channels and empirical measuresthat the future literature could investigate in a full treatment of this topic.

Fields of Study & Subjects

Global Financial Crisis and Policies World Systems and Global Transformations Economic Theory and Policy

Publication details

Publication date
20 January 2026
Document type
Preprint