Similar Search Results

Capital Controls, Sudden Stops and Current Account Reversals

Edwards, Sebastian - 2005

In this paper I use a broad multi-country data set to analyze the relationship between restrictions to capital mobility and external crises. The analysis focuses on two manifestations of external crises: (a) sudden stops of capital inflows; and (b) current account reversals. I deal with two...

Persistent link: https://www.econbiz.de/10012467515

Financial Openness, Sudden Stops and Current Account Reversals

Edwards, Sebastian - 2004

In this paper I use a panel data set to investigate the mechanics of sudden stops of capital inflows and current account reversals. I am particularly interested in four questions: (a) What is the relationship between sudden stops and current account reversals? (b) To what extent does financial...

Persistent link: https://www.econbiz.de/10012468416

Sequencing of Reforms, Financial Globalization, and Macroeconomic Vulnerability

Edwards, Sebastian - 2008

I use a large cross country data set and panel probit analysis to investigate the way in which the interaction between trade and financial openness affect the probability of external crises. This analysis is related to debate on the adequate sequencing of reform. I also investigate the role...

Persistent link: https://www.econbiz.de/10012464263

The U.S. Current Account Deficit : Gradual Correction or Abrupt Adjustment?

Edwards, Sebastian - 2006

In this paper I use a large multi-country data set to analyze the determinants of abrupt and large "current account reversals." The results from a variance-component probit model indicate that the probability of experiencing a major current account reversal is positively affected by larger...

Persistent link: https://www.econbiz.de/10012466540

Is the U.S. Current Account Deficit Sustainable? And If Not, How Costly is Adjustment Likely To Be?

Edwards, Sebastian - 2005

In this paper I analyze the relationship between the U.S. dollar and the U.S. current account. I deal with issues of sustainability, and I discuss the mechanics of current account adjustment. The analysis presented in this paper differs from other work in several respects: First, I emphasis the...

Persistent link: https://www.econbiz.de/10012467137

Thirty Years of Current Account Imbalances, Current Account Reversals and Sudden Stops

Edwards, Sebastian - 2004

In this paper I analyze the anatomy of current account adjustments in the world economy during the last three decades …

Persistent link: https://www.econbiz.de/10012468417

On Current Account Surpluses and the Correction of Global Imbalances

Edwards, Sebastian - 2007

realignment of world growth rates -- with Japan and Europe growing faster, and the U.S. growing more slowly -- is likely to solve … resolution of global imbalances. This means that, even if there is a realignment of global growth, the world is likely to need … significant exchange rate movements. This analysis also suggests that a reduction in China's (very) large surplus will be needed …

Persistent link: https://www.econbiz.de/10012465752

External Imbalances in an Advanced, Commodity-Exporting Country : The Case of New Zealand

Edwards, Sebastian - 2006

During the last three years New Zealand has faced increasingly large external imbalances. The current account deficit has increased from 4.3% of GDP in 2003 to almost 9.0% of GDP in 2005. During the same period the country's net international investment position (NIIP) went from a negative level...

Persistent link: https://www.econbiz.de/10012466041

The End of Large Current Account Deficits, 1970-2002 : Are There Lessons for the United States?

Edwards, Sebastian - 2005

The future of the U.S. current account -- and thus of the U.S. dollar -- depend on whether foreign investors will continue to add U.S. assets to their investment portfolios. However, even under optimistic scenarios, the U.S. current account deficit is likely to go through a significant reversal...

Persistent link: https://www.econbiz.de/10012467007

12th Interamerican Seminar on Economics : special issue

Edwards, Sebastian (contributor) - 2001

Persistent link: https://www.econbiz.de/10001636970