Growth Following Investment and Consumption-Driven Current Account Crises /
Current account deficits imply increasing liabilities to the rest of the world. External sustainability then depends on whether these can be met in the future without defaulting, id est, normally through trade account surpluses. To run such surpluses without a fall in consumption, capital inflows sh...
| Main Author: | |
|---|---|
| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2013.
|
| Series: | IMF Working Papers; Working Paper ;
No. 2013/217 |
| Online Access: | Full text available on IMF |