applied to a system of equations on panel data. The results confirm the existence of causality from the financial system to …

We use panel probit models with unobserved heterogeneity, state-dependence and serially correlated errors in order to … analyze the determinants and the dynamics of current-account reversals for a panel of developing and emerging countries. The … due to serially correlated country-specific shocks related to local political or macroeconomic events. -- Panel data …

This paper uses cross-section and panel data to examine the determinants of the current account. The empirics find a … error-correction models using panel data, the paper finds a short- and long-run impact of fiscal policy on the current …