| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w6310 |
| 来源ID | Working Paper 6310 |
| Sharp Reductions in Current Account Deficits: An Empirical Analyis | |
| Gian Maria Milesi-Ferretti; Assaf Razin | |
| 发表日期 | 1997-12-01 |
| 出版年 | 1997 |
| 语种 | 英语 |
| 摘要 | We study determinants and consequences of sharp reductions in current account" imbalances (reversals) in low- and middle-income countries. We try to answer two questions:" first, what triggers reversals? Second, what factors explain how costly reversals are? We find" that both domestic variables, such as the current account balance, openness and the level of" reserves, and external variables, such as terms of trade shocks, US real interest rates and growth" in industrial countries seem to play an important role in explaining reversals in current account" imbalances. We also find some evidence that countries with a less appreciated real exchange" rate, higher investment and openness prior to the reversal tend to grow faster after a reversal" occurs. |
| 主题 | International Economics ; International Finance |
| URL | https://www.nber.org/papers/w6310 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/563819 |
| 推荐引用方式 GB/T 7714 | Gian Maria Milesi-Ferretti,Assaf Razin. Sharp Reductions in Current Account Deficits: An Empirical Analyis. 1997. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w6310.pdf（743KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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