The Role of Stock Markets in Current Account Dynamics : Evidence from the United States

This paper tests a model of the role of stock markets in current account dynamics, developed in a companion paper. With U.S. data, the model performs better than the same model without stock markets. An insight given by the model is that the current account might help predict future stock market performance. This property receives some preliminary empirical confirmation. The results also suggest that stock markets matter to the current account dynamics

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Year of publication:	[2021]
Authors:	Mercereau, Benoît
Publisher:	[S.l.] : SSRN
Subject:	USA \| United States \| Aktienmarkt \| Stock market \| Leistungsbilanz \| Current account \| Portfolio-Management \| Portfolio selection \| Unvollkommener Markt \| Incomplete market \| Kausalanalyse \| Causality analysis \| Zeitreihenanalyse \| Time series analysis \| Theorie \| Theory

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Extent:	1 Online-Ressource (37 p)
Series:	IMF Working Paper, Vol. , pp. 1-37, 2003
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 2003 erstellt
Other identifiers:	10.2139/ssrn.879184 [DOI]
Classification:	F3 - International Finance ; F32 - Current Account Adjustment; Short-Term Capital Movements
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013317998