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Current Account and External Financing: An Introduction

In: Current Account and External Financing

Author

Listed:
  • Kevin Cowan

    (Banco Central de Chile)

  • Sebastián Edwards

    (University of California-Los Angeles)

  • Rodrigo O. Valdés

    (International Monetary Fund)

Abstract

Creation-DaThis brief review takes stock of the recent literature on current account and external financing and presents new analytical results and empirical research on the subject. Four key areas of related research are presented, namely global imbalances and macroeconomic adjustment; external adjustment in emerging economies, crises and current-account reversals; current account and exchange rate dynamics; and some policy issues concerning external financing. The review suggests a significant number of open questions, which were addressed in the thirteen groundbreaking papers presented at the Central Bank of Chile’s Annual Conference of 2006, which are summarized here.te:2007-12
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Kevin Cowan & Sebastián Edwards & Rodrigo O. Valdés, 2008. "Current Account and External Financing: An Introduction," Central Banking, Analysis, and Economic Policies Book Series, in: Kevin Cowan & Sebastián Edwards & Rodrigo O. Valdés & Norman Loayza (Series Editor) & Klaus Schmidt- (ed.),Current Account and External Financing, edition 1, volume 12, chapter 1, pages 001-023, Central Bank of Chile.
    • Handle: RePEc:chb:bcchsb:v12c01pp001-023
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    File URL: https://si2.bcentral.cl/public/pdf/banca-central/pdf/v12/001-023.pdf
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    References listed on IDEAS

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    Cited by:

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    2. Yazdani , Mahdi & Daryani , Elmira, 2021. "Output Loss from Sudden Stop of FDI and the Role of Macroeconomic Policies," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 16(2), pages 213-236, June.
    3. Martijn J. Burger & Elena I. Ianchovichina, 2017. "Surges and stops in greenfield and M&A FDI flows to developing countries: analysis by mode of entry," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 153(2), pages 411-432, May.
    4. Logan Rangasamy, 2014. "Capital Flows: The South African Experience," South African Journal of Economics, Economic Society of South Africa, vol. 82(4), pages 551-566, December.

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