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At the close of the Second World War, when industrialized nations faced serious trade and financial imbalances … exchange rate for today's world …
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international capital markets on normal terms. Moreover, the world financial system has been disrupted by the prospect of widespread …
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In this paper I use a large multi-country data set to analyze the determinants of abrupt and large %u201Ccurrent account reversals.%u201D The results from a variance-component probit model indicate that the probability of experiencing a major current account reversal is positively affected by...
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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...
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