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- W2912863957 abstract "This paper is a case study of an (almost complete) adjustment of Italyi?½s external stock imbalance. After reaching a peak of around 25 per cent of GDP in early 2014, Italyi?½s net external debtor position has steadily decreased, reaching less than 7 per cent of GDP at the end of 2017. The contribution of this work is twofold. First, it reviews the main developments in Italyi?½s net international investment position (NIIP) since 1999. Second, it reports a baseline projection of Italyi?½s NIIP over a medium-term horizon, as implied by current account balance forecasts. Since this projection ignores the role of valuation adjustments, the study also provides an analysis of their sensitivity to a set of potential movements in exchange rates and equity or bond markets." @default.
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- W2912863957 date "2018-01-01" @default.
- W2912863957 modified "2023-09-22" @default.
- W2912863957 title "Unwinding external stock imbalances? The case of Italy�s net international investment position" @default.
- W2912863957 hasPublicationYear "2018" @default.
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