The Current Account Issue Revisited
AbstractI asked "Does the Current Account Matter?" in Corden (1991). In that article I made a distinction between the Old View and the New View of the current account. The present paper will not repeat the exposition of these two views in any detail. Rather, the aim is both to improve on the rigour of the earlier analysis, and to display the relationships among various points of view, all of which seem reasonable.
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Bibliographic InfoPaper provided by Centre for Economic Policy Research, Research School of Economics, Australian National University in its series CEPR Discussion Papers with number 345.
Length: 20 pages
Date of creation: 1996
Date of revision:
BALANCE OF PAYMENTS; TRADE; INTERNATIONAL TRADE; PUBLIC DEBT; INTERNATIONAL FINANCE;
Find related papers by JEL classification:
- F10 - International Economics - - Trade - - - General
- F30 - International Economics - - International Finance - - - General
- F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
- F39 - International Economics - - International Finance - - - Other
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