An Investigation of Current Account Solvency in Latin America Using Non Linear Stationarity Tests
Using a new methodology that allows for nonlinearities, we find frequent support for sustainability in the debt of a set of Latin American countries. Our findings overturn results obtained with traditional unit-root tests and provide a more realistic alternative to evaluate the external solvency of an economy.
|Date of creation:||Jan 2003|
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- George Kapetanios & Yongcheol Shin, 2002.
"Unit Root Tests in Three-Regime SETAR Models,"
465, Queen Mary University of London, School of Economics and Finance.
- Fountas Stilianos & Wu Jyh-Lin, 1999. "Are the U.S. Current Account Deficits Really Sustainable?," International Economic Journal, Taylor & Francis Journals, vol. 13(3), pages 51-58.
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