Similar Search Results

Is revaluation of the renminbi good news?

Rossi, Vanessa - In: CESifo Forum 6 (2005) 3, pp. 29-36

Persistent link: https://www.econbiz.de/10004998576

Economic growth: trade, public finance, and the paradox of thrift

Smithin, John - In: Review of Keynesian Economics 2 (2014) 4, pp. 456-463

The classical argument for free trade stressed the possibilities of economic growth by exploiting the gains from trade. A trade surplus per se was not the main objective; presumably the argument was that trade would be balanced at the new higher growth rate. Moreover, the arguments for free trade...

Persistent link: https://www.econbiz.de/10011133481

Growth Following Investment and Consumption-Driven Current Account Crises

Klemm, Alexander - International Monetary Fund (IMF) - 2013

Current account deficits imply increasing liabilities to the rest of the world. External sustainability then depends on whether these can be met in the future without defaulting, i.e., normally through trade account surpluses. To run such surpluses without a fall in consumption, capital inflows...

Persistent link: https://www.econbiz.de/10010790435

Foreign direct investment and the external balance in a transition economy: the application of life cycle theory

Mandel, Martin; Tomšík, Vladimír - In: Politická ekonomie 2006 (2006) 6, pp. 723-741

The article analyses a development of the external balance in five Central and Eastern European countries: the Czech Republic, Hungary, Poland, the Slovak Republic, and Slovenia. The main idea of the article is to apply, expand, and empirically verify the ideas of life cycle theory in the area...

Persistent link: https://www.econbiz.de/10005036655

Implications of Oil Inflows for Savings and Reserve Management in the Cemac

International Monetary Fund (IMF); International … - 2007

-term savings funds but due to low remuneration and other factors usage has remained limited. The paper also argues that regional … savings in the form of reserve accumulation must be sufficient to ensure the stability of the common currency. While the … country-specific savings decisions and the setting of a regional reserve target. Strengthening and diversifying reserve …

Persistent link: https://www.econbiz.de/10005599249

Medium-Term Determinants of Current Accounts in Industrial and Developing Countries; An Empirical Exploration

Chinn, Menzie David; Prasad, Eswar - International Monetary Fund (IMF) - 2000

This paper provides an empirical investigation of the medium-term determinants of current accounts for a large sample of industrial and developing countries. The analysis is based on a structural approach that highlights the roles of the fundamental macroeconomic determinants of saving and...

Persistent link: https://www.econbiz.de/10005605331

Terms of Trade, the Trade Balance, and Stability: The Role of savingd Behavior.

Gavin, M. - Department of Economics, School of Arts and Sciences - 1991

Persistent link: https://www.econbiz.de/10005549182

The monetary programme (A methodological description)

Barabás, Gyula; Major, Klára - Magyar Nemzeti Bank (MNB) - 2001

The monetary programme – constructed on a quarterly basis in the NBH – is a crucial internal product of the decision making process. The programme evaluates the development of net financing capacities of different sectors and the monetary survey and gives a financial side story about the...

Persistent link: https://www.econbiz.de/10005178263

Impact of GDP volatility on current account balances

MichaÅ‚ Brzozowski; Prusty, Sadananda - In: International Journal of Economics and Business Research 5 (2013) 3, pp. 239-252

This paper reports on an empirical investigation of the impact of GDP volatility on current account balances for a large sample of developed and developing countries. We extend the standard set of short- and long-term determinants of current accounts to include GDP volatility computed from the...

Persistent link: https://www.econbiz.de/10010669617

Fiscal Deficits and Current Account Deficits

Kumhof, Michael; Laxton, Douglas - International Monetary Fund (IMF) - 2009

The effectiveness of recent fiscal stimulus packages significantly depends on the assumption of non-Ricardian savings …

Persistent link: https://www.econbiz.de/10008460597