Rapid Current Account Adjustments : Are Microstates Different?

Are Microstates Different?

Rapid Current Account Adjustments : Are Microstates Different?
We describe unique aspects of microstates-they are less diversified, suffer from lumpiness of investment, they are geographically at the periphery and prone to natural disasters, and have less access to capital markets-that may make the current account more vulnerable, penalizing exports and making imports dearer. After reviewing the "old" and... READ MORE...

Publication date: September 2008
ISBN 9781451870916
$18.00

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