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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|Date of creation:||1996|
|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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