Valuation Effects and the Dynamics of Net External Assets

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Home bias in open economy financial macroeconomics (2013, unknown): “The main advantage of the perturbation methods developed by Devereux and Sutherland (2008a) and Tille and van Wincoop (2008) are: (1) they are very easy to implement as they are close to standard approximation methods used in DSGE models; (2) they can be applied to broad range of environments…”
The Valuation Channel of External Adjustment (2009, unknown): “∆̂+1 =  1−  +1 −  1−   = ̂ + ̂ (23)”
The US Dollar Shortage in Global Banking and the International Policy Response (2009, unknown): “See Lane and Milesi-Ferretti (2001) for background, Forbes (2008) for an analysis of capital flows into the United States, and Tille and van Wincoop (2007) and Devereux and Sutherland (2009) for recent models of international portfolio choice.”
Oil Shocks and External Balances (2009, methodology): “(2007) and in Devereux and Sutherland (2008) specifically postulated incomplete markets and its predictions would not apply in a complete markets setting.”
The International Diversification Puzzle When Goods Prices are Sticky: It's Really about Exchange-Rate Hedging, Not Equity Portfolios (2009, background): “Devereux and Sutherland (2008) examine a similar model, with a focus on the role of changes in valuation for the international distribution of wealth.”