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.

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Year of publication:	2003-01
Authors:	Chortareas, Georgios ; Kapetanios, George ; Uctum, Merih
Institutions:	School of Economics and Finance, Queen Mary
Subject:	Current account \| Nonlinearity

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 485
Classification:	C22 - Time-Series Models ; F32 - Current Account Adjustment; Short-Term Capital Movements ; F34 - International Lending and Debt Problems
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005106389