Liesenfeld, Roman; Moura, Guilherme Valle; Richard, … - In: Oxford Bulletin of Economics and Statistics 72 (2010) 4, pp. 486-517
We use panel probit models with unobserved heterogeneity, state dependence and serially correlated errors in order to analyse the determinants and the dynamics of current account reversals for a panel of developing and emerging countries. The likelihood-based inference of these models requires...