The Current Account Issue Revisited

Warner Corden

CEPR Discussion Papers from Centre for Economic Policy Research, Research School of Economics, Australian National University

Abstract: I asked "Does the Current Account Matter?" in Corden (1991). In that article I made a distinction between the Old View and the New View of the current account. The present paper will not repeat the exposition of these two views in any detail. Rather, the aim is both to improve on the rigour of the earlier analysis, and to display the relationships among various points of view, all of which seem reasonable.

Keywords: BALANCE OF PAYMENTS; TRADE; INTERNATIONAL TRADE; PUBLIC DEBT; INTERNATIONAL FINANCE (search for similar items in EconPapers)
JEL-codes: F10 F30 F32 F39 (search for similar items in EconPapers)
Pages: 20 pages
Date: 1996
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:auu:dpaper:345

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