01901cas a2200253 a 4500 AALejournalIMF001166 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451846546 1018-5941 BD-DhAAL BD-DhAAL Chinn, Menzie. Medium-Term Determinants of Current Accounts in Industrial and Developing Countries : An Empirical Exploration / Menzie Chinn, Eswar Prasad. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (39 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper provides an empirical investigation of the medium-term determinants of current accounts for a large sample of industrial and developing countries. The analysis is based on a structural approach that highlights the roles of the fundamental macroeconomic determinants of saving and investment. Cross-section and panel regression techniques are used to characterize the properties of current account variation across countries and over time. Current account balances are positively correlated with government budget balances and initial stocks of net foreign assets. Among developing countries, measures of financial deepening are positively correlated while indicators of openness to international trade are negatively correlated with current account balances. Mode of access: Internet Prasad, Eswar. IMF Working Papers; Working Paper ; No. 2000/046 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/046/001.2000.issue-046-en.xml IMF e-Library