Growth Following Investment and Consumption-Driven Current Account Crises

WP/13/217

Growth Following Investment and Consumption-Driven Current Account Crises
Current account deficits imply increasing liabilities to the rest of the world. External sustainability then depends on whether these can be met in the future without defaulting, i.e., normally through trade account surpluses. To run such surpluses without a fall in consumption, capital inflows should be used to increase future output. This... READ MORE...

Publication date: October 2013
ISBN 9781484321898
$18.00

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Publication date: October 2013

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Publication date: October 2013

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