Policy Responses to External Imbalances in Emerging Market Economies : Further Empirical Results

Further Empirical Results

Policy Responses to External Imbalances in Emerging Market Economies : Further Empirical Results
A bivariate vector-autoregression (VAR) model is used to test causal relations between the current account and the capital account in four emerging market economies. The results show that high capital mobility could be a major cause of current account instability. Therefore, macroeconomic policy to restore external balance must deal directly... READ MORE...

Publication date: July 1998
ISBN 9781451948189
$15.00

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