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Currency Manipulation, Saving Manipulation, and the Current Account Balance

Sumner, Scott - 2020

Concern over currency manipulation plays a major role in international economic diplomacy. Unfortunately, the concept is not well defined, and the most coherent explanations apply to a concept more accurately termed “saving manipulation,” as it has little to do with market exchange rates. I...

Persistent link: https://www.econbiz.de/10012840489

On the Relationship Between Domestic Saving and the Current Account : Evidence and Theory for Developing Countries

Brueckner, Markus - 2019

We examine the relationship between domestic saving and the current account in developing countries. Our three main findings are that: (i) domestic saving has a small effect on the current account; (ii) domestic saving has a significant positive effect on the trade balance – this effect is...

Persistent link: https://www.econbiz.de/10012889070

Demographics, Old-Age Transfers and the Current Account

Dao, Mai - 2019

-run capital flows in both theory and in the data. For this purpose, we develop a two region overlapping generations model where … countries differ in their population growth and mortality risk. Besides exploring the implications of demographics for saving …

Persistent link: https://www.econbiz.de/10012895121

Endogenous Discounting, the World Saving Glut and the U.S. Current Account

Choi, Horag - 2010

We study the evolution of the U.S. current account in a two-country dynamic stochastic endowment model in which a single non-state contingent bond is the only internationally traded asset. The paper focuses on the world `saving glut' as the primary cause of continual deterioration in the current...

Persistent link: https://www.econbiz.de/10012759722

Current Account and Precautionary Savings for Exporters of Exhaustible Resources

Bems, Rudolfs - 2009

, suggesting a heightened role for precautionary savings. This paper uses a parameterized small open economy model to quantify the … role of precautionary savings in economies with exhaustible resources, when the only source of uncertainty is the price of … the exhaustible resource. Results show that the precautionary motive can generate sizable external sector savings. When …

Persistent link: https://www.econbiz.de/10012764430

Housing Demands, Savings Gluts and Current Account Dynamics

Gete, Pedro - 2017

two-country model without exchange rate driven expenditure switching, I analyze savings glut shocks and three drivers of … OECD economies since the mid 1990s. Housing drivers alone imply counterfactual interest rate dynamics. Savings glut shocks …

Persistent link: https://www.econbiz.de/10012971161

National Saving and Terms-of-Trade : The Harberger-Laursen-Metzler Effect Revisited

Al‐Abri, Almukhtar S. - 2015

This paper provides new evidence relating to the debate of whether long-lived TOT shocks affect saving rates using a sample of 56 developing countries for the period 1980-2010. The core aspect of the empirical analysis is to utilize the terms-of-trade (TOT) shock-duration and trend-growth...

Persistent link: https://www.econbiz.de/10013027168

Internationale Kapitalbewegungen, Leistungsbilanzsalden und inländische Ersparnisbildung bei flexiblen Wechselkursen

Scholl, Rolf Christian - 1988

Persistent link: https://www.econbiz.de/10012700046

Global demographic change and international capital flows : theory and empirics

Liu, Weifeng - 2021

Persistent link: https://www.econbiz.de/10012628996

The corporate saving glut and the current account in Germany

Klug, Thorsten; Mayer, Eric; Schuler, Tobias - 2021

We investigate, in the case of Germany, the positive correlation between the cyclical components of the corporate saving glut in the non-financial corporate sector and the current account surplus from a capital account perspective. Employing sign restrictions, our findings suggest that mostly...

Persistent link: https://www.econbiz.de/10012607560