Policy Responses to External Imbalances in Emerging Market Economies : Further Empirical Results /
A bivariate vector-autoregression (VAR) model is used to test causal relations between the current account and the capital account in four emerging market economies. The results show that high capital mobility could be a major cause of current account instability. Therefore, macroeconomic policy to...
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| Định dạng: | Tạp chí |
| Ngôn ngữ: | English |
| Được phát hành: |
Washington, D.C. :
International Monetary Fund,
1998.
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| Loạt: | IMF Working Papers; Working Paper ;
No. 1998/103 |
| Truy cập trực tuyến: | Full text available on IMF |