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How Does Trade Openness Influence Budget Deficits in Developing Countries?
Combes, Jean-Louis; Saadi-Sedik, Tahsin - International Monetary Fund (IMF) - 2006
This paper analyzes the effects of trade openness on budget balances by distinguishing the effects of natural openness … from those of trade-policy induced openness. Using the GMMsystem estimator, the econometric analysis focuses on 66 … developing countries during 1974-98. The results show that trade openness increases a country's exposure to external shocks …
Persistent link: https://www.econbiz.de/10005768955
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Capital Flows, Exchange Rate Flexibility, and the Real Exchange Rate
Combes, Jean-Louis; Plane, Patrick; Kinda, Tidiane - International Monetary Fund (IMF) - 2011
This paper analyzes the impact of capital inflows and exchange rate flexibility on the real exchange rate in developing countries based on panel cointegration techniques. The results show that public and private flows are associated with a real exchange rate appreciation. Among private flows,...
Persistent link: https://www.econbiz.de/10008839334