AbstractThis study argues that a notion of current-account sustainability that considers the willingness to pay and to lend, in addition to intertemporal solvency, provides a better framework for understanding the variety of experiences countries have had with protracted current-account imbalances.
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Bibliographic InfoPaper provided by International Economics Section, Departement of Economics Princeton University, in its series Princeton Studies in International Economics with number 81.
Length: 78 pages
Date of creation: 1996
Date of revision:
Contact details of provider:
Postal: International Finance Section, Department of Economics Princeton University, Princeton, New Jersey, U.S.A
Phone: (609) 258-4000
Fax: (609) 258-6419
Web page: http://www.econ.princeton.edu/
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INTERNATIONAL LOANS ; DEBT ; DEBT MANAGEMENT;
Find related papers by JEL classification:
- F34 - International Economics - - International Finance - - - International Lending and Debt Problems
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