Milesi-Ferretti, Gian Maria; Razin, Assaf - 2021
We study determinants and consequences of sharp reductions in current account" imbalances (reversals) in low- and … costly reversals are? We find" that both domestic variables, such as the current account balance, openness and the level of … seem to play an important role in explaining reversals in current account" imbalances. We also find some evidence that …