An Investigation of Current Account Solvency in Latin America Using Non Linear Stationarity Tests

Georgios Chortareas, George Kapetanios and Merih Uctum

No 485, Working Papers from Queen Mary University of London, School of Economics and Finance

Abstract: Using a new methodology that allows for nonlinearities, we find frequent support for sustainability in the debt of a set of Latin American countries. Our findings overturn results obtained with traditional unit-root tests and provide a more realistic alternative to evaluate the external solvency of an economy.

Keywords: Current account; Nonlinearity (search for similar items in EconPapers)
JEL-codes: C22 F32 F34 (search for similar items in EconPapers)
Date: 2003-01-01
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:qmw:qmwecw:485

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