Current Account Adjustment In Developing Countries: The Role Of Exchange Rate Regimes
Author
Abstract
Suggested Citation
DOI: j.1465-7295.2012.00502.x
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Cosimo Pancaro & Christian Saborowski, 2016.
"Current Account Reversals in Industrial Countries: does the Exchange Rate Regime Matter?,"
International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 21(2), pages 107-130, April.
- Pancaro, Cosimo, 2013. "Current account reversals in industrial countries: does the exchange rate regime matter?," Working Paper Series 1547, European Central Bank.
- Heckman, James & Singer, Burton, 1984. "A Method for Minimizing the Impact of Distributional Assumptions in Econometric Models for Duration Data," Econometrica, Econometric Society, vol. 52(2), pages 271-320, March.
- Ethan Ilzetzki & Carmen M Reinhart & Kenneth S Rogoff, 2019.
"Exchange Arrangements Entering the Twenty-First Century: Which Anchor will Hold?,"
The Quarterly Journal of Economics, Oxford University Press, vol. 134(2), pages 599-646.
- Ethan Ilzetzki & Carmen M. Reinhart & Kenneth S. Rogoff, 2017. "Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold?," NBER Working Papers 23134, National Bureau of Economic Research, Inc.
- Ilzetzki, Ethan & Reinhart, Carmen & Rogoff, Kenneth, 2017. "Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold?," CEPR Discussion Papers 11826, C.E.P.R. Discussion Papers.
- Ethan Ilzetzki & Carmen M. Reinhart & Kenneth S. Rogoff, 2017. "Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold?," Working Paper 503441, Harvard University OpenScholar.
- Leo De Haan & Hubert Schokker & Anastassia Tcherneva, 2008. "What Do Current Account Reversals in OECD Countries Tell Us About the US Case?," The World Economy, Wiley Blackwell, vol. 31(2), pages 286-311, February.
- Carmen M. Reinhart & Kenneth S. Rogoff, 2004.
"The Modern History of Exchange Rate Arrangements: A Reinterpretation,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 119(1), pages 1-48.
- Carmen M. Reinhart & Kenneth S. Rogoff, 2002. "The Modern History of Exchange Rate Arrangements: A Reinterpretation," NBER Working Papers 8963, National Bureau of Economic Research, Inc.
- Reinhart, Carmen M. & Rogoff, Kenneth S., 2004. "The Modern History of Exchange Rate Arrangements: A Reinterpretation," Scholarly Articles 34721963, Harvard University Department of Economics.
- Reinhart, Carmen & Rogoff, Kenneth, 2004. "The modern history of exchange rate arrangements: A reinterpretation," MPRA Paper 14070, University Library of Munich, Germany.
- Menzie D. Chinn & Shang-Jin Wei, 2008.
"A Faith-based Initiative: Does a Flexible Exchange Rate Regime Really Facilitate Current Account Adjustment?,"
NBER Working Papers
14420, National Bureau of Economic Research, Inc.
- Menzie D. Chinn & Shang-Jin Wei, 2009. "A Faith-based Initiative: Does a Flexible Exchange Rate Regime Really Facilitate Current Account Adjustment?," Working Papers 122009, Hong Kong Institute for Monetary Research.
- Wei, Shang-Jin & Chinn, Menzie David, 2008. "A Faith-based Initiative: Does a Flexible Exchange Rate Regime Really Facilitate Current Account Adjustment?," CEPR Discussion Papers 7076, C.E.P.R. Discussion Papers.
- Øivind Anti Nilsen & Fabio Schiantarelli, 2003.
"Zeros and Lumps in Investment: Empirical Evidence on Irreversibilities and Nonconvexities,"
The Review of Economics and Statistics, MIT Press, vol. 85(4), pages 1021-1037, November.
- Oivind Anti Nilsen & Fabio Schiantarelli, 1996. "Zeroes and Lumps in Investment: Empirical Evidence on Irreversibilities and Non-Convexities," Boston College Working Papers in Economics 337., Boston College Department of Economics, revised 01 Nov 2000.
- Reuven Glick & Xueyan Guo & Michael Hutchison, 2006.
"Currency Crises, Capital-Account Liberalization, and Selection Bias,"
The Review of Economics and Statistics, MIT Press, vol. 88(4), pages 698-714, November.
- Glick, Reuven & Guo, Xueyan & Hutchison, Michael M., 2004. "Currency Crises, Capital Account Liberalization, and Selection Bias," Santa Cruz Department of Economics, Working Paper Series qt24c9v7w9, Department of Economics, UC Santa Cruz.
- Glick, Reuven & Guo, Xueyan & Hutchison, Michael M., 2004. "Currency Crises, Capital Account Liberalization, and Selection Bias," Santa Cruz Center for International Economics, Working Paper Series qt12t6x2ht, Center for International Economics, UC Santa Cruz.
- Reuven Glick & Xueyan Guo & Michael M. Hutchison, 2005. "Currency crises, capital account liberalization, and selection bias," Working Paper Series 2004-15, Federal Reserve Bank of San Francisco.
- Glick, Reuven & Guo, Xueyan & Hutchison, Michael M., 2004. "Currency Crises, Capital Account Liberalization, and Selection Bias," Santa Cruz Department of Economics, Working Paper Series qt12t6x2ht, Department of Economics, UC Santa Cruz.
- Reuven Glick & Xueyan Guo & Michael Hutchison, 2004. "Currency Crises, Capital Account Liberalization, and Selection Bias," EPRU Working Paper Series 04-11, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
- Timothy Dunne & Xiaoyi Mu, 2010.
"Investment Spikes And Uncertainty In The Petroleum Refining Industry,"
Journal of Industrial Economics, Wiley Blackwell, vol. 58(1), pages 190-213, March.
- Timothy Dunne & Xiaoyi Mu, 2008. "Investment spikes and uncertainty in the petroleum refining industry," Working Papers (Old Series) 0805, Federal Reserve Bank of Cleveland.
- Dale J. Poirier & Paul A. Ruud, 1988.
"Probit with Dependent Observations,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 55(4), pages 593-614.
- Dale J. Poirier and Paul A. Ruud., 1987. "Probit with Dependent Observations," Economics Working Papers 8734, University of California at Berkeley.
- Poirier, Dale J. & Ruud, Paul A., 1987. "Probit with Dependent Obervations," Department of Economics, Working Paper Series qt04f5m9t2, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Milesi-Ferretti, G-M & Razin, A, 1996.
"Current-Account Sustainability,"
Princeton Studies in International Economics
81, International Economics Section, Departement of Economics Princeton University,.
- Milesi-Ferreti, Gian Maria & Razin, Assaf, 1996. "Current account sustainability," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34294, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
- Klein, Michael W. & Shambaugh, Jay C., 2012.
"Exchange Rate Regimes in the Modern Era,"
MIT Press Books,
The MIT Press,
edition 1, volume 1, number 026251799x, December.
- Michael W. Klein & Jay C. Shambaugh, 2010. "Exchange Rate Regimes in the Modern Era," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262013657, December.
- Sebastian Edwards, 2004. "Thirty Years of Current Account Imbalances, Current Account Reversals, and Sudden Stops," IMF Staff Papers, Palgrave Macmillan, vol. 51(s1), pages 1-49, June.
- Lane, Philip R. & Milesi-Ferretti, Gian Maria, 2007.
"The external wealth of nations mark II: Revised and extended estimates of foreign assets and liabilities, 1970-2004,"
Journal of International Economics, Elsevier, vol. 73(2), pages 223-250, November.
- Philip R. Lane & Gian Maria Milesi-Ferretti, 2006. "The External Wealth of Nations Mark II: Revised and Extended Estimates of Foreign Assets and Liabilities,1970–2004," The Institute for International Integration Studies Discussion Paper Series iiisdp126, IIIS.
- Milesi-Ferretti, Gian Maria & Lane, Philip, 2006. "The External Wealth of Nations Mark II: Revised and Extended Estimates of Foreign Assets and Liabilities, 1970-2004," CEPR Discussion Papers 5644, C.E.P.R. Discussion Papers.
- Mr. Philip R. Lane & Mr. Gian M Milesi-Ferretti, 2006. "The External Wealth of Nations Mark II: Revised and Extended Estimates of Foreign Assets and Liabilities, 1970–2004," IMF Working Papers 2006/069, International Monetary Fund.
- Terza, Joseph V. & Basu, Anirban & Rathouz, Paul J., 2008. "Two-stage residual inclusion estimation: Addressing endogeneity in health econometric modeling," Journal of Health Economics, Elsevier, vol. 27(3), pages 531-543, May.
- John Haltiwanger & Russell Cooper & Laura Power, 1999.
"Machine Replacement and the Business Cycle: Lumps and Bumps,"
American Economic Review, American Economic Association, vol. 89(4), pages 921-946, September.
- Russell Cooper & John Haltiwanger & Laura Power, 1995. "Machine Replacement and the Business Cycle: Lumps and Bumps," NBER Working Papers 5260, National Bureau of Economic Research, Inc.
- Russell Cooper & John Haltiwanger & Laura Power, 1995. "Machine Replacement and the Business Cycle: Lumps and Bumps," Papers 0062, Boston University - Industry Studies Programme.
- Sebastian Edwards, 2004. "Thirty Years of Current Account Imbalances, Current Account Reversals and Sudden Stops," NBER Working Papers 10276, National Bureau of Economic Research, Inc.
- Favero, Carlo A & Pesaran, M Hashem & Sharma, Sunil, 1994. "A Duration Model of Irreversible Oil Investment: Theory and Empirical Evidence," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 9(S), pages 95-112, Suppl. De.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Gnimassoun, Blaise, 2015.
"The importance of the exchange rate regime in limiting current account imbalances in sub-Saharan African countries,"
Journal of International Money and Finance, Elsevier, vol. 53(C), pages 36-74.
- Blaise Gnimassoun, 2014. "The importance of the exchange rate regime in limiting current account imbalances in sub-Saharan African countries," EconomiX Working Papers 2014-22, University of Paris Nanterre, EconomiX.
- Eguren Martin, Fernando, 2016.
"Exchange rate regimes and current account adjustment: An empirical investigation,"
Journal of International Money and Finance, Elsevier, vol. 65(C), pages 69-93.
- Eguren-Martin, Fernando, 2015. "Exchange rate regimes and current account adjustment: an empirical investigation," Bank of England working papers 544, Bank of England.
- Olivier Habimana, 2017. "Do flexible exchange rates facilitate external adjustment? A dynamic approach with time-varying and asymmetric volatility," International Economics and Economic Policy, Springer, vol. 14(4), pages 625-642, October.
- Issiaka Coulibaly & Blaise Gnimassoun, 2013. "Current account sustainability in Sub-Saharan Africa: Does the exchange rate regime matter?," Working Papers hal-04141160, HAL.
- Gnimassoun, Blaise & Coulibaly, Issiaka, 2014.
"Current account sustainability in Sub-Saharan Africa: Does the exchange rate regime matter?,"
Economic Modelling, Elsevier, vol. 40(C), pages 208-226.
- Issiaka Coulibaly & Blaise Gnimassoun, 2013. "Current account sustainability in Sub-Saharan Africa: Does the exchange rate regime matter?," EconomiX Working Papers 2013-42, University of Paris Nanterre, EconomiX.
- Blaise Gnimassoun, 2014. "The importance of the exchange rate regime in limiting current account imbalances in sub-Saharan African countries," Working Papers hal-04141342, HAL.
- Fu‐Min Tseng & Jyh‐Lin Wu, 2023. "Exchange rate regimes and current account persistence," The World Economy, Wiley Blackwell, vol. 46(5), pages 1423-1443, May.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Olivier Habimana, 2017. "Do flexible exchange rates facilitate external adjustment? A dynamic approach with time-varying and asymmetric volatility," International Economics and Economic Policy, Springer, vol. 14(4), pages 625-642, October.
- Blaise Gnimassoun & Valérie Mignon, 2013.
"Current-account adjustments and exchange-rate misalignments,"
Working Papers
hal-04141182, HAL.
- Blaise Gnimasoun & Valérie Mignon, 2013. "Current-account adjustments and exchange-rate misalignments," EconomiX Working Papers 2013-31, University of Paris Nanterre, EconomiX.
- Blaise Gnimassoun & Valérie Mignon, 2013. "Current-Account Adjustments and Exchange-Rate Misalignments," Working Papers 2013-29, CEPII research center.
- Terzi, Alessio, 2020.
"Macroeconomic adjustment in the euro area,"
European Economic Review, Elsevier, vol. 128(C).
- Alessio Terzi, 2018. "Macroeconomic Adjustment in the Euro Area," CID Working Papers 88a, Center for International Development at Harvard University.
- Gnimassoun, Blaise, 2015.
"The importance of the exchange rate regime in limiting current account imbalances in sub-Saharan African countries,"
Journal of International Money and Finance, Elsevier, vol. 53(C), pages 36-74.
- Blaise Gnimassoun, 2014. "The importance of the exchange rate regime in limiting current account imbalances in sub-Saharan African countries," EconomiX Working Papers 2014-22, University of Paris Nanterre, EconomiX.
- Blaise Gnimassoun & Valérie Mignon, 2015.
"Persistence of Current-account Disequilibria and Real Exchange-rate Misalignments,"
Review of International Economics, Wiley Blackwell, vol. 23(1), pages 137-159, February.
- Blaise Gnimassoun & Valérie Mignon, 2015. "Persistence of current-account disequilibria and real exchange-rate misalignments," Post-Print hal-01385952, HAL.
- Zorell, Nico, 2017. "Large net foreign liabilities of euro area countries," Occasional Paper Series 198, European Central Bank.
- Olivier Jeanne, 2007. "International Reserves in Emerging Market Countries: Too Much of a Good Thing?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 38(1), pages 1-80.
- Yin-Wong Cheung & Hiro Ito, 2009.
"A Cross-Country Empirical Analysis of International Reserves,"
International Economic Journal, Taylor & Francis Journals, vol. 23(4), pages 447-481.
- Yin-Wong Cheung & Hiro Ito, 2009. "A Cross-Country Empirical Analysis of International Reserves," CESifo Working Paper Series 2654, CESifo.
- Bernardina Algieri & Thierry Bracke, 2011.
"Patterns of Current Account Adjustment—Insights from Past Experience,"
Open Economies Review, Springer, vol. 22(3), pages 401-425, July.
- Algieri, Bernardina & Bracke, Thierry, 2007. "Patterns of current account adjustment: insights from past experience," Working Paper Series 762, European Central Bank.
- Bernardina Algieri & Thierry Bracke, 2007. "Patterns of Current Account Adjustment – Insights from Past Experience," CESifo Working Paper Series 2029, CESifo.
- Aida Caldera Sánchez & Filippo Gori, 2016. "Can Reforms Promoting Growth Increase Financial Fragility?: An Empirical Assessment," OECD Economics Department Working Papers 1340, OECD Publishing.
- Seung-Gwan Baek & Chi-Young Song, 2016. "On the Determinants of Surges and Stops in Foreign Loans: An Empirical Investigation," Open Economies Review, Springer, vol. 27(3), pages 405-445, July.
- Gnimassoun, Blaise & Coulibaly, Issiaka, 2014.
"Current account sustainability in Sub-Saharan Africa: Does the exchange rate regime matter?,"
Economic Modelling, Elsevier, vol. 40(C), pages 208-226.
- Issiaka Coulibaly & Blaise Gnimassoun, 2013. "Current account sustainability in Sub-Saharan Africa: Does the exchange rate regime matter?," EconomiX Working Papers 2013-42, University of Paris Nanterre, EconomiX.
- Aizenman, Joshua & Edwards, Sebastian & Riera-Crichton, Daniel, 2012.
"Adjustment patterns to commodity terms of trade shocks: The role of exchange rate and international reserves policies,"
Journal of International Money and Finance, Elsevier, vol. 31(8), pages 1990-2016.
- Joshua Aizenman & Sebastian Edwards & Daniel Riera-Crichton, 2011. "Adjustment patterns to commodity terms of trade shocks: the role of exchange rate and international reserves policies," NBER Working Papers 17692, National Bureau of Economic Research, Inc.
- Aizenman, Joshua & Edwards, Sebastian & Riera-Crichton, Daniel, 2012. "Adjustment patterns to commodity terms of trade shocks: the role of exchange rate and international reserves policies," Santa Cruz Department of Economics, Working Paper Series qt2bq3246m, Department of Economics, UC Santa Cruz.
- Timothy Dunne & Xiaoyi Mu, 2010.
"Investment Spikes And Uncertainty In The Petroleum Refining Industry,"
Journal of Industrial Economics, Wiley Blackwell, vol. 58(1), pages 190-213, March.
- Timothy Dunne & Xiaoyi Mu, 2008. "Investment spikes and uncertainty in the petroleum refining industry," Working Papers (Old Series) 0805, Federal Reserve Bank of Cleveland.
- Alessio Terzi, 2019. "The Euro Crisis and Economic Growth: A Novel Counterfactual Approach," CESifo Working Paper Series 7746, CESifo.
- Lin, Shu & Ye, Haichun, 2011. "The role of financial development in exchange rate regime choices," Journal of International Money and Finance, Elsevier, vol. 30(4), pages 641-659, June.
- Yin-wong Cheung & Hiro Ito, 2008. "Hoarding of International Reserves: A Comparison of the Asian and Latin American Experiences," Working Papers 072008, Hong Kong Institute for Monetary Research.
- Cosimo Pancaro & Christian Saborowski, 2016.
"Current Account Reversals in Industrial Countries: does the Exchange Rate Regime Matter?,"
International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 21(2), pages 107-130, April.
- Pancaro, Cosimo, 2013. "Current account reversals in industrial countries: does the exchange rate regime matter?," Working Paper Series 1547, European Central Bank.
- Mr. Sunil Sharma & Woon Gyu Choi & Maria Strömqvist, 2007. "Capital Flows, Financial Integration, and International Reserve Holdings: The Recent Experience of Emerging Markets and Advanced Economies," IMF Working Papers 2007/151, International Monetary Fund.
- Erdal Özmen, 2004. "Current Account Deficits, Macroeconomic Policy Stance and Governance: An Empirical Investigation," ERC Working Papers 0414, ERC - Economic Research Center, Middle East Technical University, revised Oct 2004.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ecinqu:v:51:y:2013:i:2:p:1566-1581. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/weaaaea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.