Current-Account Sustainability

Gian Maria Milesi-Ferretti () and Assaf Razin

Princeton Studies in International Economics from International Economics Section, Departement of Economics Princeton University,

Abstract: This study argues that a notion of current-account sustainability that considers the willingness to pay and to lend, in addition to intertemporal solvency, provides a better framework for understanding the variety of experiences countries have had with protracted current-account imbalances.

Keywords: INTERNATIONAL LOANS; DEBT; DEBT MANAGEMENT (search for similar items in EconPapers)
JEL-codes: F34 (search for similar items in EconPapers)
Pages: 78 pages
Date: 1996
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Citations: View citations in EconPapers (67)

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Working Paper: Current account sustainability (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:prinfi:81

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