Sharp Reductions in Current Account Deficits : An Empirical Analysis

An Empirical Analysis

Sharp Reductions in Current Account Deficits : An Empirical Analysis
The paper studies determinants and consequences of sharp reductions in current account imbalances (reversals) in low- and middle-income countries. It poses two questions: what triggers reversals, and what factors explain how costly reversals are? It finds that both domestic variables, such as the current account balance, openness to trade, and... READ MORE...

Publication date: December 1997
ISBN 9781451858228
$15.00

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