Dynamics of Balance of Payment developments are still barely researched. Chapter 1 tries to summarize empirical evidence between institutional determinants and BoP movements and proposes a framework for the role of institutions in a debt cycle. It is found that “good” institutions do help a...

It has been a remarkably difficult empirical task to identify clear-cut real effects of exchange-rate regimes on the open economy. Similarly, no definitive view emerges as to the aggregate effects of capital account liberalizations. The main hypothesis of the paper is that a direct and an...

Exports play an important role in supporting economic growth and performance of a country. By relaxing the balance-of-payments-constraint on growth, exports trigger faster and sustained economic growth. The paper examines the balance of payments performance of emerging markets across four...