countries in emerging Asia have been running sizeable current account surpluses, countries in emerging Europe have been facing … divergent current account patterns in emerging Europe and emerging Asia based on the assumption that both regions constitute two … found to be the most significant factors to explain divergent current account patterns in emerging Europe and emerging Asia …

emerging markets. While countries in emerging Asia have been running sizeable current account surpluses, countries in emerging … characteristics in explaining this divergence in the catching-up process in Europe and Asia. We assume that the two regions constitute …