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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
New Economics Papers: this item is included in nep-mac
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Citations: View citations in EconPapers (3)

Downloads: (external link) First version, 2016 (application/pdf)

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