Using parametric and non-parametric estimation techniques, we analyze the sustainability of the recently growing … current account imbalances in the euro area and test whether the European Monetary Union has aggravated these imbalances. Two … alternative criteria for the as-sessment of external debt sustainability are considered: One based on the Transversality Condition …

We assess the sustainability of the current account (CA) balance, net international investment position (NIIP) and net … sustainability of the CA balance mainly in a few surplus countries whereas there is more concern about the sustainability of the NIIP …

/early-1980s and in the early-1990s, raising the issue of whether these persistent imbalances are sustainable. This paper puts … forward a notion of current account sustainability and compares the experience of three Latin American countries – Chile … sustainability indicators and discusses their usefulness in predicting external crises. …

. -- Current account imbalances ; euro area ; foreign debt ; sustainability ; general equilibrium model …In this paper we study the intra-euro area imbalances based on a dynamic general equilibrium model. We show that … European financial integration and the introduction of the euro might have contributed to the development of imbalances …

Debt sustainability is fundamentally a probabilistic concept: Debt is rarely sustainable with probability one. We … propose an index of external debt sustainability that reflects this uncertainty. Namely we construct the index as the … strong measures are potentially needed to reestablish sustainability. Exchange rates that appear overvalued in the baseline …

in the traditional approach to evaluate debt sustainability, and examine three alternative approaches that provide useful … econometric and model-simulation tools to analyze debt sustainability. The first approach is Bohn's nonstructural empirical … these three approaches to analyze debt sustainability in the United States and Europe after the sharp increases in public …

Sound and efficient external debt sustainability is an essential instrument to shred the notoriety of indebtedness and … sustainability in Ethiopia using a yearly time series data that lasts from 1980 to 2016. A log-linear regression model was used, and … positively associated with debt sustainability in Ethiopia. Whereas terms of trade and foreign real interest rate were found …

Both theoretical and operational definitions of current account sustainability show a persistent and fragile current … evident from the analysis that current account sustainability in Ghana is very sensitive to donor flow dynamics rather than … if managed can contribute to current account sustainability. …

In this paper, we provide a test of the sustainability of external imbalances in the OECD countries, over the years …

In this paper, we provide a test of the sustainability of external imbalances in the OECD countries, over the years …