Trends in Malta’s current account and their underlying causes
Aaron Grech and
Noel Rapa
No PP/03/2016, CBM Policy Papers from Central Bank of Malta
Abstract:
Malta’s current account has improved substantially since 2009, by about four times the change seen in the euro area. The note establishes that Malta’s current account is stationary, a necessary condition for avoiding sustainability problems in external accounts. This reflects a recovery in the national saving rate. Conversely investment has declined.
JEL-codes: E21 E32 F32 (search for similar items in EconPapers)
Pages: 26 pgs
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https://www.centralbankmalta.org/file.aspx?f=51497 First version, 2016 (application/pdf)
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Persistent link: https://EconPapers.repec.org/RePEc:mlt:ppaper:0316
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