Current Account Sustainability: Selected East Asian and Latin American Experiences

Gian Maria Milesi-Ferretti () and Assaf Razin

No 5791, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: A number of developing countries have run large and persistent current account deficits in both the late seventies/early eighties and in the early nineties, raising the issue of whether these persistent imbalances are sustainable. This paper puts forward a notion of current account sustainability and compares the experience of three Latin American countries -- Chile, Colombia and Mexico -- and three East Asian countries--Korea, Malaysia and Thailand. It identifies a number of potential sustainability indicators and discusses their usefulness in predicting external crises.

JEL-codes: F32 F34 (search for similar items in EconPapers)
Date: 1996-10
Note: IFM
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (68)

Published as Princeton Studies in International Finance, no. 81, (October 1996).

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Working Paper: Current Account Sustainability: Selected East Asian and Latin American Experiences (1996)
Working Paper: Current Account Sustainability: Selected East Asian and Latin American Experiences (1996)
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