Current Account Norms in Natural Resource Rich and Capital Scarce Economies

WP/13/80

Nopic
The permanent income hypothesis implies that frictionless open economies with exhaustible natural resources should save abroad most of their resource windfalls and, therefore, feature current account surpluses. Resource-rich developing countries (RRDCs), on the other hand, face substantial development needs and tight external borrowing... READ MORE...

Publication date: March 2013
ISBN 9781484396032
$18.00

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Publication date: March 2013

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Publication date: March 2013

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