POST-CRISIS GLOBAL REBALANCING AND INTERNATIONAL CAPITAL FLOWS

Abstract

Summary. After the global crisis, developed and emerging economies have to
re-balance accumulated imbalances, which are interconnected with the international
capital flows changes.
Capital flows are driven by the number of factors, have contradictory implica-
tions, they inter-relay with pre-crisis and post-crisis global imbalances. Capital
flows changes are influencing on the global re-balancing, should be considering
while assessing a probability of financial crises in a future.
Key words: international capital flows, capital flows factors, capital flows struc-
ture, global imbalances, post-crisis rebalancing, capital inflows, capital outflows.