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Progress Towards External Adjustment in the Euro Area Periphery and the Baltics

Kang, Joong Shik - 2014

The euro area periphery countries and the Baltic countries, which had large current account deficits in the run-up to …

Persistent link: https://www.econbiz.de/10013049164

The Evolution of Current Account Deficits in the Euro Area Periphery and the Baltics : Many Paths to the Same Endpoint

Kang, Joong Shik - 2013

Explanations of the large current account deficits for the euro area periphery and the Baltics in the run up to the …

Persistent link: https://www.econbiz.de/10013078053

Rebalancing : Evidence from Current Account Adjustment in Europe

Atoyan, Ruben - 2013

growth, adjustment in the euro zone periphery countries, which are also carrying a legacy of pre-crisis CA imbalances, has …

Persistent link: https://www.econbiz.de/10013083623

Rebalancing in the Euro Area and Cyclicality of Current Account Adjustments

Tressel, Thierry - 2014

The paper examines progress with the external rebalancing of euro area deficit countries. Relative prices are adjusting … ahead, relying only on relative price adjustments (which adversely affects demand) to rebalance the euro area could prove …

Persistent link: https://www.econbiz.de/10013049166

External Imbalances in the Euro Area

Chen, Ruo - 2014

The paper examines the extent to which current account imbalances of euro area countries are related to intra-euro area … balance of euro area debtor countries. While current account imbalances of euro area deficit countries vis-à-vis the rest of … the world increased, they were financed mostly by intra-euro area capital inflows (in particular by the purchase of …

Persistent link: https://www.econbiz.de/10013063950

Current Account Norms in Natural Resource Rich and Capital Scarce Economies

Araujo, Juliana - 2013

The permanent income hypothesis implies that frictionless open economies with exhaustible natural resources should save abroad most of their resource windfalls and, therefore, feature current account surpluses. Resource-rich developing countries (RRDCs), on the other hand, face substantial...

Persistent link: https://www.econbiz.de/10013082925

Global Imbalances and External Adjustment after the Crisis

Lane, Philip R. - 2014

This paper has two objectives. First, it reviews the recent dynamics of global imbalances (both “flow” and “stock” imbalances), with a special focus on the shifting position of Latin America in the global distribution. Second, it examines the cross-country variation in external...

Persistent link: https://www.econbiz.de/10013047971

The Size and Sustainability of Nigerian Current Account Deficits

Adedeji, Olumuyiwa - 2021

This paper uses an intertemporal model of the current account and macroeconomic indicators to examine the size and sustainability of Nigerian current account deficits over the 1960-97 period. The results indicate that the Nigerian economy appeared to satisfy its intertemporal budget constraint...

Persistent link: https://www.econbiz.de/10013317894

Are African Current Account Deficits Different? Stylized Facts, Transitory Shocks, and Decomposition Analysis

Calderón, César A.; Chong, Alberto; Zanforlin, Luisa - 2021

This paper analyzes the behavior of current account deficits in Africa and estimates whether the deficits are excessive with respect to fundamentals. The findings are that deficits are (i) not very persistent; (ii) positively linked with domestic growth; (iii) strongly linked with public (and...

Persistent link: https://www.econbiz.de/10013317980

Twin Deficits in Developing Economies

Furceri, Davide - 2018

This paper provides new evidence on the existence and magnitude of the 'twin deficits' in developing economies. It finds that a one percent of GDP unanticipated increase in the government budget balance improves, on average, the current account balance by 0.8 percentage point of GDP. This effect...

Persistent link: https://www.econbiz.de/10012912495

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