Current Account Sustainability : Selected East Asian and Latin American Experiences /

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 an...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Razin, Assaf
Weitere Verfasser: Milesi-Ferretti, Gian
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 1996.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 1996/110
Online Zugang:Full text available on IMF
Beschreibung
Zusammenfassung: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 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.
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Beschreibung:1 online resource (50 pages)
Format:Mode of access: Internet
ISSN:1018-5941
Zugangseinschränkungen:Electronic access restricted to authorized BRAC University faculty, staff and students