... the currentaccount, but in this case we decided to focus on six countries whose historical currentaccount balances are very ...the currentaccount of each of the countries and ...
... intertemporal currentaccount model considers a constant interest rate which was generally fi xed between 2% and 6% (Sheffrin and Woo, 1990a; Ghosh, 1995; Suarez Parra, 1998, McDermott et ...
... The currentaccount is measured as GNP less expenditure on consumption, investment, and government ...the currentaccount are ...the currentaccount in the theoretical model is ...
... of currentaccount sustainability has been the focus not only of policy studies but also of academic studies since the Great Recession and the debt crisis that a number of European countries suffered as a ...
... the currentaccount, an issue that has major importance for many ...the currentaccount deficit of a country is sustain- able is, however, a hard task as discussed in Milesi-Ferreti and Razin ...
... and currentaccount de…cits for the major industrialized countries (the United States, Canada, France, Germany and the ...the current ac- count ...the currentaccount and the …scal ...
... the current customer tuple in DimCustomer, and rename it to Sk CustomerIDOLD, to keep the current surrogate key of DimCustomer in the flow, for the reasons already ...corresponding current tuple in ...
... the currentaccount did deteriorate from about 1 percent to -1 percent of ...external account is in the direction of the twin-deficit ...the currentaccount balance was so small ...
... as well as time effects. The results are very similar to the benchmark model that allows for only country fixed effects. The next specification excludes oil exporting countries. Here, the coefficients for CAPB weaken to ...
... fairly resilient in France and more clearly so in Spain and several smaller economies. This contrasted starkly with Germany and especially Italy, where over the past two quarters activity has been contracting at an ...
... in this section we describe the results of an event study in which we examined banking behavior during a window of 12 months following the policy changes enacted in 1998, in particular during the third quarter. As ...
... Global currentaccount imbalances and the net capital flows they entail have been at the forefront of policy debates in recent ...corresponding currentaccount surpluses, eased financial ...
... We test the robustness of our benchmark case in tables 2 through 5. Table 2 shows the effects of including two additional variables that have often been mentioned as likely determinants of currency crises, namely, fiscal ...
... From 1998 on, the main counterpart of the currentaccount deficit (that is, the Rest of the World surplus) was the fiscal deficit, as can be seen in Graph 1. But this factor does not imply that fiscal ...
... for currentaccount balances at the central bank was raised by ¥ 5 trillion, to a range of ¥ 22 to 27 trillion in April 2003 and further to ¥ 27 to 30 trillion in May, with the upper bound boosted again to ...
... rule is altered (i.e. the exchange rate risk). From the viewpoint of the individual investor, engaging in external borrowing to exploit an arbitrage opportunity has no significant effect on the sustainability of the ...
... the current international financial crisis, as discussed at length in Obstfeld and Rogoff ...highest currentaccount disequilibria are those that have experienced a greater fall in their levels of ...
... Picture the Problem When the switch is closed, the initial potential differences across the capacitors are zero (they have no charge) and the resistors in the bridge portion of the circuit are in parallel. When a long ...
... The current density-voltage characterization constitutes a fundamental tool for understanding the solar cells operation; and its performance under standard illumination conditions (air mass (AM) ...while ...