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Global Imbalances and Power Imbalances

Author

Listed:
  • Christopher Clayton
  • Matteo Maggiori
  • Jesse Schreger

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.

Suggested Citation

  • Christopher Clayton & Matteo Maggiori & Jesse Schreger, 2026. "Global Imbalances and Power Imbalances," AEA Papers and Proceedings, American Economic Association, vol. 116, pages 133-137, May.
    • Handle: RePEc:aea:apandp:v:116:y:2026:p:133-137
    DOI: 10.1257/pandp.20261017
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    More about this item

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - 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-

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