The Persistence of Current Account Balances and its Determinants: The Implications for Global Rebalancing

This paper examines the statistical nature of the persistency of current account balances and its determinants. With the assumption that stationary current account series ensures the long-run budget constraint while countries may experience “local non-stationarity” in current account balances, the authors examine the dynamics of current account balances across a panel of 70 countries.

MoreLess

Year of publication:	2012-12-17
Authors:	Clower, Erica ; Ito, Hiro
Institutions:	Asian Development Bank Institute, Asian Development Bank
Subject:	current account \| financial liberalization \| global imbalances \| capital controls

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	ADBI Working Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series ADBI Working Papers Number 400 43 pages
Classification:	F32 - Current Account Adjustment; Short-Term Capital Movements ; F41 - Open Economy Macroeconomics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010991122