Current Account and International Networks
Daryna Grechyna ()
No 19/08, ThE Papers from Department of Economic Theory and Economic History of the University of Granada.
This paper explores the impact of international financial and trade networks on current account balances in a large sample of developing and developed countries. The financial and trade inter-country networks centrality measures are computed based on the quantity and strength of the financial assets flows (for financial network) or export flows (for trade network) among the countries. I rely on a panel data and employ the fundamental characteristics of a country’s trading partners as instruments for the position of a given country in the international networks. I find that a more central position in the international trade or financial network improves the current account balance in developed and developing countries. Besides, the impact of international financial network on current account has become stronger over the past two decades and a better position in this network helped improve the current account balances during the Great Recession.
Keywords: current account; international financial network; international trade network; panel data. (search for similar items in EconPapers)
JEL-codes: F32 F41 F42 (search for similar items in EconPapers)
Pages: 30 pages
New Economics Papers: this item is included in nep-int and nep-opm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
Journal Article: Current account and international networks (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:gra:wpaper:19/08
Access Statistics for this paper
More papers in ThE Papers from Department of Economic Theory and Economic History of the University of Granada. Campus Universitario de Cartuja. Contact information at EDIRC.
Bibliographic data for series maintained by Angel Solano Garcia. ().