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Current account sustainability

Listed author(s):
  • Milesi-Ferreti, Gian Maria
  • Razin, Assaf

This 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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File URL: http://repositorio.cepal.org/handle/11362/34294
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Paper provided by Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL) in its series Sede de la CEPAL en Santiago (Estudios e Investigaciones) with number 34294.

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Date of creation: 1996
Handle: RePEc:ecr:col093:34294
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