{"id":"https://openalex.org/W2954935302","doi":"https://doi.org/10.2139/ssrn.1917918","title":"External Adjustment and the Global Crisis","display_name":"External Adjustment and the Global Crisis","publication_year":2011,"publication_date":"2011-01-01","ids":{"openalex":"https://openalex.org/W2954935302","doi":"https://doi.org/10.2139/ssrn.1917918","mag":"2954935302"},"language":"en","primary_location":{"id":"doi:10.5089/9781462304240.001","doi":"https://doi.org/10.5089/9781462304240.001","is_oa":true,"landing_page_url":"https://doi.org/10.5089/9781462304240.001","pdf_url":"https://www.elibrary.imf.org/downloadpdf/journals/001/2011/197/001.2011.issue-197-en.xml","source":{"id":"https://openalex.org/S4210171147","display_name":"IMF Working Paper","issn_l":"1018-5941","issn":["1018-5941","2227-8885"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":"https://openalex.org/P4310316166","host_organization_name":"International Monetary Fund","host_organization_lineage":["https://openalex.org/P4310316166","https://openalex.org/P4310321776"],"host_organization_lineage_names":["International Monetary Fund","United Nations"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IMF Working Papers","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"bronze","oa_url":"https://www.elibrary.imf.org/downloadpdf/journals/001/2011/197/001.2011.issue-197-en.xml","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5074267345","display_name":"Gian Maria Milesi\u2010Ferretti","orcid":"https://orcid.org/0000-0002-3843-3587","observed_orcids":["https://orcid.org/0000-0002-3843-3587"]},"institutions":[{"id":"https://openalex.org/I1310145890","display_name":"International Monetary Fund","ror":"https://ror.org/05m4rmw09","country_code":"US","type":"other","lineage":["https://openalex.org/I1310145890"]},{"id":"https://openalex.org/I1321305853","display_name":"National Bureau of Economic Research","ror":"https://ror.org/04grmx538","country_code":"US","type":"nonprofit","lineage":["https://openalex.org/I1321305853"]},{"id":"https://openalex.org/I4210140326","display_name":"Centre for Economic Policy Research","ror":"https://ror.org/04jzmdh37","country_code":"GB","type":"nonprofit","lineage":["https://openalex.org/I4210140326"]}],"countries":["GB","US"],"is_corresponding":true,"raw_author_name":"Gian Maria Milesi-Ferretti","raw_affiliation_strings":["Centre for Economic Policy Research (CEPR), London, United Kingdom","National Bureau of Economic Research (NBER), 1050 Massachusetts Avenue, Cambridge, MA 02138, United States","Senior Fellow, 1775 Massachusetts Avenue, NW, Washington, DC 20036, United States","International Monetary Fund"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Centre for Economic Policy Research (CEPR), London, United Kingdom","institution_ids":["https://openalex.org/I4210140326"]},{"raw_affiliation_string":"National Bureau of Economic Research (NBER), 1050 Massachusetts Avenue, Cambridge, MA 02138, United States","institution_ids":["https://openalex.org/I1321305853"]},{"raw_affiliation_string":"Senior Fellow, 1775 Massachusetts Avenue, NW, Washington, DC 20036, United States","institution_ids":[]},{"raw_affiliation_string":"International Monetary Fund","institution_ids":["https://openalex.org/I1310145890"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5007059951","display_name":"Philip R. Lane","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I205274468","display_name":"Trinity College Dublin","ror":"https://ror.org/02tyrky19","country_code":"IE","type":"education","lineage":["https://openalex.org/I205274468"]},{"id":"https://openalex.org/I29745156","display_name":"Central Bank of Ireland","ror":"https://ror.org/00j0ctk30","country_code":"IE","type":"other","lineage":["https://openalex.org/I29745156"]},{"id":"https://openalex.org/I4210140326","display_name":"Centre for Economic Policy Research","ror":"https://ror.org/04jzmdh37","country_code":"GB","type":"nonprofit","lineage":["https://openalex.org/I4210140326"]}],"countries":["GB","IE"],"is_corresponding":false,"raw_author_name":"Philip R. Lane","raw_affiliation_strings":["Central Bank of Ireland, P.O. Box 559, Dame Street, Dublin, 2, Ireland","Centre for Economic Policy Research (CEPR), London, United Kingdom","Trinity College (Dublin) - Department of Economics, Trinity College, Dublin 2, Ireland"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Central Bank of Ireland, P.O. Box 559, Dame Street, Dublin, 2, Ireland","institution_ids":["https://openalex.org/I29745156"]},{"raw_affiliation_string":"Centre for Economic Policy Research (CEPR), London, United Kingdom","institution_ids":["https://openalex.org/I4210140326"]},{"raw_affiliation_string":"Trinity College (Dublin) - Department of Economics, Trinity College, Dublin 2, Ireland","institution_ids":["https://openalex.org/I205274468"]}]}],"institutions":[],"countries_distinct_count":3,"institutions_distinct_count":5,"corresponding_author_ids":["https://openalex.org/A5074267345"],"corresponding_institution_ids":["https://openalex.org/I1310145890","https://openalex.org/I1321305853","https://openalex.org/I4210140326"],"apc_list":null,"apc_paid":null,"fwci":4.668,"has_fulltext":true,"cited_by_count":43,"citation_normalized_percentile":{"value":0.9525348,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":94,"max":99},"biblio":{"volume":"2011","issue":"197","first_page":"1","last_page":"1"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.0005000000237487257,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/external-adjustment","display_name":"external adjustment","score":0.9599999785423279},{"id":"https://openalex.org/keywords/current-account-imbalances","display_name":"current account imbalances","score":0.8339999914169312},{"id":"https://openalex.org/keywords/2008-financial-crisis","display_name":"2008 financial crisis","score":0.9900000095367432},{"id":"https://openalex.org/keywords/current-account-deficit","display_name":"current account deficit","score":0.5609999895095825},{"id":"https://openalex.org/keywords/expenditure-switching","display_name":"expenditure switching","score":0.9319999814033508},{"id":"https://openalex.org/keywords/investment-flows","display_name":"investment flows","score":0.6660000085830688},{"id":"https://openalex.org/keywords/private-capital-flows","display_name":"private capital flows","score":0.8119999766349792},{"id":"https://openalex.org/keywords/external-balance","display_name":"external balance","score":0.6370000243186951}],"concepts":[{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.35845768451690674},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3406726121902466}],"mesh":[],"locations_count":5,"locations":[{"id":"doi:10.5089/9781462304240.001","doi":"https://doi.org/10.5089/9781462304240.001","is_oa":true,"landing_page_url":"https://doi.org/10.5089/9781462304240.001","pdf_url":"https://www.elibrary.imf.org/downloadpdf/journals/001/2011/197/001.2011.issue-197-en.xml","source":{"id":"https://openalex.org/S4210171147","display_name":"IMF Working Paper","issn_l":"1018-5941","issn":["1018-5941","2227-8885"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":"https://openalex.org/P4310316166","host_organization_name":"International Monetary Fund","host_organization_lineage":["https://openalex.org/P4310316166","https://openalex.org/P4310321776"],"host_organization_lineage_names":["International Monetary Fund","United Nations"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IMF Working Papers","raw_type":"journal-article"},{"id":"doi:10.2139/ssrn.1917918","doi":"https://doi.org/10.2139/ssrn.1917918","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.1917918","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SSRN Electronic Journal","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:iis:dispap:iiisdp369","doi":null,"is_oa":false,"landing_page_url":"https://www.tcd.ie/triss/assets/PDFs/iiis/iiisdp369.pdfClassification-F31,F32","pdf_url":"https://www.tcd.ie/triss/assets/PDFs/iiis/iiisdp369.pdfClassification-F31,F32","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:RePEc:imf:imfwpa:2011/197","doi":null,"is_oa":false,"landing_page_url":"http://www.imf.org/external/pubs/cat/longres.aspx?sk=25169","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:aleph.bib-bvb.de:BVB01-033725003","doi":null,"is_oa":false,"landing_page_url":"http://elibrary.imf.org/view/IMF001/12128-9781462304240/12128-9781462304240/12128-9781462304240.xml","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"text"}],"best_oa_location":{"id":"doi:10.5089/9781462304240.001","doi":"https://doi.org/10.5089/9781462304240.001","is_oa":true,"landing_page_url":"https://doi.org/10.5089/9781462304240.001","pdf_url":"https://www.elibrary.imf.org/downloadpdf/journals/001/2011/197/001.2011.issue-197-en.xml","source":{"id":"https://openalex.org/S4210171147","display_name":"IMF Working Paper","issn_l":"1018-5941","issn":["1018-5941","2227-8885"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":"https://openalex.org/P4310316166","host_organization_name":"International Monetary Fund","host_organization_lineage":["https://openalex.org/P4310316166","https://openalex.org/P4310321776"],"host_organization_lineage_names":["International Monetary Fund","United Nations"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IMF Working Papers","raw_type":"journal-article"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.48510000109672546}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2954935302.pdf","grobid_xml":"https://content.openalex.org/works/W2954935302.grobid-xml"},"referenced_works_count":25,"referenced_works":["https://openalex.org/W1483958299","https://openalex.org/W1552235296","https://openalex.org/W1602472434","https://openalex.org/W1979898685","https://openalex.org/W1988153299","https://openalex.org/W2010538080","https://openalex.org/W2068652102","https://openalex.org/W2113791799","https://openalex.org/W2122689594","https://openalex.org/W2137016177","https://openalex.org/W2145877298","https://openalex.org/W2149958593","https://openalex.org/W2156931684","https://openalex.org/W2170486975","https://openalex.org/W2235011776","https://openalex.org/W2490583051","https://openalex.org/W2502595849","https://openalex.org/W2738621638","https://openalex.org/W2998279073","https://openalex.org/W3121194162","https://openalex.org/W3121538555","https://openalex.org/W4214745875","https://openalex.org/W4246586162","https://openalex.org/W6659216536","https://openalex.org/W7014461767"],"related_works":["https://openalex.org/W7096018999","https://openalex.org/W4256379167","https://openalex.org/W2613691855","https://openalex.org/W3125713575","https://openalex.org/W7099880440","https://openalex.org/W157811107","https://openalex.org/W7096449455","https://openalex.org/W2223424822","https://openalex.org/W4385972279","https://openalex.org/W3123523277"],"abstract_inverted_index":null,"counts_by_year":[{"year":2023,"cited_by_count":4},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":4},{"year":2020,"cited_by_count":5},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":4},{"year":2017,"cited_by_count":6},{"year":2016,"cited_by_count":4},{"year":2015,"cited_by_count":3},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":4},{"year":2012,"cited_by_count":2}],"updated_date":"2026-11-03T10:50:19.383937","created_date":"2019-07-12T00:00:00"}