Sectoral Flows During Persistent Current Account Deficits
Current Account Deficits During Heightened Risk: Menacing or Mitigating?
... Although current account deficits – even large ones – should not automatically imply country vulnerability, the historical and empirical evidence suggests that they are often not ...capital ...
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Current Account Deficits: The Australian Debate
... 1980s, during the period when the exchange rate was fixed, current account deficits had been a cause of concern for policy-makers to the extent that large deficits made it difficult to ...
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EXPERIENCES WITH CURRENT ACCOUNT DEFICITS IN SOUTHEAST ASIA
... shareholders during periods of investor uncertainty, leading to capital inflow reversals, falling stock prices, and currency ...observed during the Asian ...
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The Rise and Fall of European Current Account Deficits
... fiscal deficits prior to the crisis have little correlation with pain in the crisis, but cuts to structural fiscal deficits during the crisis have been quite ...and current account ...
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CURRENT ACCOUNT DEFICITS IN EUROPEAN EMERGING MARKETS
... Capital flows into the European emerging markets have been even greater than the level the current accounts would suggest, as some of the capital inflows have been re- exported through international reserve ...
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Current Account Deficits in Industrial Countries: The Bigger They are, the Harder They Fall?
... of persistent deficits (Table ...ongoing persistent deficits that remain ...a persistent episode is nearly 8 years. Characteristics of persistent deficits are shown in ...
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The dot-com bubble, the Bush deficits and the US current account
... Although stylized, this model captures well conventional views of the sources and effects of the large and persistent deterioration in the US net foreign asset position during the last decade. According to ...
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Capital Flows and Current Account Sustainability: The Ghanaian Experience
... actual current account was in excess of the optimal current account and this resulted in a persistent deficit in the current ...actual current account tends to lag ...
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Capital Flows and Current Account Sustainability: The Ghanaian Experience
... actual current account was in excess of the optimal current account and this resulted in a persistent deficit in the current ...actual current account tends to lag ...
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United States Current Account Deficits: A Stochastic Optimal Control Analysis
... US current account deficits has been the substantial shift in the current accounts of developing ...values during the stock market boom and helped increase US home ...US current ...
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On the Sustainability of Current Account Deficits in Cameroon
... the current account deficits of ...actual current account deficits relative to the predicted ones, suggesting that the current account deficits for Cameroon ...
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Current Account Deficits in the ASEAN-3
... the current account deficits of the ASEAN-3 are rooted in their industrialisation drive, the manner in which they are financed - whether through long- or short-term capital flows - is ...
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Red Signals: Trade Deficits and the Current Account
... real current account and trade balance for Japan, the UK, and the USA over the period 1970:1 - ...the current account and the trade balance (using the AIC criterion to select lag ...UK ...
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Evaluation of Sustainability of Current Account Deficits in Turkey
... Keywords: Current Account; Balance of Payments; Sustainability ...of current account imbalances has received considerable attention in the economics literature for many ...sustainable ...
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On the Stationarity of Current Account Deficits in the European Union
... place during our sample period, we investigate whether these have affected ...the current account deficits in the panel are ...to account for this leads to size distortion and ...
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Productivity shocks, budget deficits and the current account
... budget deficits since the financing of government spending is irrelevant due to Ricardian equivalence holding ...the current account deficit in addition to the country specific productivity ...
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Determinants of current account deficits in developing countries
... They are the lagged current account deficit, the domestic output growth rate, private and public saving ratios with respect to GNDI, the share of exports in GNDI, the real effe[r] ...
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Budget current account deficits nexus in Malaysia
... the current account but also reduce the budget deficit (since taxes on export earnings are significant portion of governments revenue for a small economy that depends on export sector like ...the ...
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Do Democracies Have Higher Current Account Deficits?
... that current account adjustments ...lower current account balances, there are two important conclusions to be ...that current account problems may have severe political ...
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Do Democracies Have Higher Current Account Deficits?
... Do Democracies Have Higher Current Account Deficits. Adam, Antonis and Tsarsitalidou, Sofia[r] ...
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