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imbalance inevitably results in a currency crisis. Altogether, this theory argues with a disrupted external balance on the … for the stability of fixed exchange rate systems, in exchange rate theory as well as in empirical observations. Altogether … country, the real effective exchange rate and a risk premium.Applying this theory framework, four constellations are discussed …
Persistent link: https://www.econbiz.de/10009433694
The purpose of this paper is to estimate, by using the recent econometric techniques of unit root testing and Johansen-Juselius cointegration technique (1990), the impact of foreign capital inflow on the volume and efficiency of domestic investment in the United States during the period,...
Persistent link: https://www.econbiz.de/10009443353
The extraordinary height of the U.S. current account deficits in the 90s gave rise to concern, a variety of papers and political recommendationsrevealing the very contrary opinions of economists on the subject.From this alarming evolution, the question of sustainability of such a...
Persistent link: https://www.econbiz.de/10009471805
The main aim of the paper is to examine the short- and medium-term empirical link between current account balances and a broad set of (economic) variables proposed by theoretical and empirical literature. The paper focuses on the Middle East and North Africa (MENA), an economically diverse...
Persistent link: https://www.econbiz.de/10009476893
Izgorodin, A, valstybės fiskalinė politika Lietuvos einamosios sąskaitos deficitui sumažinti: bakalauro baigiamasis darbas: ekonomika. Vilnius, ISM Vadybos ir ekonomikos universitetas, 2009.Šio darbo tikslas yra pasiūlyti fiskalinės politikos priemones Lietuvos ESD sumažinti. Darbe...
Persistent link: https://www.econbiz.de/10009479365
Thesis (Ph. D.)--University of Rochester. Dept. of Economics, 1982.
Persistent link: https://www.econbiz.de/10009482981
Chinese economy, relevant for the rest of the world. We use China’s balance of payments and international investment position …
Persistent link: https://www.econbiz.de/10011658708
Una década después del comienzo de la Gran Recesión, los desequilibrios externos, medidos por la cuenta corriente [current Account (CA)], se han reducido notablemente. Sin embargo, los desequilibrios externos medidos a través de variables de stock, es decir, la posición de inversión...
Persistent link: https://www.econbiz.de/10012524805
Artículo de revista ; According to the balance of payments statistics, Spain’s net lending stood at 2.3% as a percentage of GDP in 2019, slightly down on the prior year, against a backdrop of continued, albeit slowing, economic growth. Developments in net lending are explained by the...
Persistent link: https://www.econbiz.de/10012524926
New EU members share two very marked features which have conflicting implications for the evolution of their real exchange rates in the long run: accelerated growth and systematic current account imbalances, which would anticipate, respectively an appreciation and a depreciation of their...
Persistent link: https://www.econbiz.de/10012530169