Origins of Sharp Reductions in Current Account deficits: An Empirical Analysis

Gian Maria Milesi-Ferretti () and Assaf Razin

Working Papers from Tel Aviv

Abstract: This brief report of ongoing research on determinants of current account reversals and their economic consequences provides evidence which is consistent with the literature on current account sustainability. A natural extension of this work, that we are currently pursuing, is an examination of the link between currency crises and reversals in current account imbalances. We believe that this type of analysis can shed additional light on the determinants of output costs associated with external crises.

Keywords: FINANCIAL POLICY; MONEY (search for similar items in EconPapers)
JEL-codes: E50 F32 (search for similar items in EconPapers)
Pages: 12 pages
Date: 1997
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Citations: View citations in EconPapers (19)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:teavfo:25-97

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