Current Account Sustainability
AbstractA number of developing countries have run large and persistent current account deficits in both the late seventies/early eighties and in the early nineties, raising the issue of whether these persistent imbalances are sustainable. This paper puts forward a notion of current account sustainability and compares the experience of three Latin American countries-Chile, Colombia Mexico-and three East Asian countries-Korea, Malaysia and Thailand. It identifies a number of potential sustainability indicators and discusses their usefulness in predicting external crises.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 96/110.
Date of creation: 01 Oct 1996
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Postal: International Monetary Fund, Washington, DC USA
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Other versions of this item:
- F34 - International Economics - - International Finance - - - International Lending and Debt Problems
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