Sustainable and Excessive Current Account Deficits

Helmut Reisen

No wp-1997-133, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The abundance of private capital flows confronts many emerging-market authorities with a transfer problem. They must decide whether to accept or resist the net capital inflow, or how much to accept and how much to resist. This paper aims at assisting that decision by focusing on the rationale, the sustainability and the source of protracted private-sector driven current account deficits.

Keywords: Balance of payments; Capital investments; Public debt; Financial crisis; Foreign investments (search for similar items in EconPapers)
Date: 1997
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Sustainable and Excessive Current Account Deficits (1998)
Working Paper: Sustainable and Excessive Current Account Deficits (1998)
Working Paper: Sustainable and Excessive Current Account Deficits (1997)
Working Paper: Sustainable and Excessive Current Account Deficits
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