Yoshida, Yūshi; Zhai, Weiyang - In: Recent econometric techniques for macroeconomic and …, (pp. 265-291). 2021
Understanding what drives the changes in current accounts is one of the most important macroeconomic issues for developing countries. Excessive surpluses in current accounts can trigger trade wars, and excessive deficits in current accounts can, on the other hand, induce currency crises. The...