Origins of Sharp Reductions in Current Account deficits: An Empirical Analysis
AbstractThis brief report of ongoing research on determinants of current account reversals and their economic consequences provides evidence which is consistent with the literature on current account sustainability. A natural extension of this work, that we are currently pursuing, is an examination of the link between currency crises and reversals in current account imbalances. We believe that this type of analysis can shed additional light on the determinants of output costs associated with external crises.
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Bibliographic InfoPaper provided by Tel Aviv in its series Papers with number 25-97.
Length: 12 pages
Date of creation: 1997
Date of revision:
Contact details of provider:
Postal: Israel TEL-AVIV UNIVERSITY, THE FOERDER INSTITUTE FOR ECONOMIC RESEARCH, RAMAT AVIV 69 978 TEL AVIV ISRAEL.
Web page: http://econ.tau.ac.il/research/foerder.asp
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FINANCIAL POLICY ; MONEY;
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- E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
- F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
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