Current account

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Determinants of the current account for a group of European countries

Determinants of the current account for a group of European countries

... the current account, but in this case we decided to focus on six countries whose historical current account balances are very ...the current account of each of the countries and ...

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The intertemporal approach to the current account: evidence from Argentina

The intertemporal approach to the current account: evidence from Argentina

... intertemporal current account 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 ...

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How well can the New Open Economy Macroeconomics explain the exchange rate and current account

How well can the New Open Economy Macroeconomics explain the exchange rate and current account

... The current account is measured as GNP less expenditure on consumption, investment, and government ...the current account are ...the current account in the theoretical model is ...

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Current account sustainability in Central and Eastern Europe: structural change and crisis

Current account sustainability in Central and Eastern Europe: structural change and crisis

... of current account 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 ...

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The Intertemporal Approach to the Current Account: Evidence for Chile

The Intertemporal Approach to the Current Account: Evidence for Chile

... the current account, an issue that has major importance for many ...the current account deficit of a country is sustain- able is, however, a hard task as discussed in Milesi-Ferreti and Razin ...

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Fiscal Policy, the Current Account, and the Twin Deficits Hypothesis

Fiscal Policy, the Current Account, and the Twin Deficits Hypothesis

... and current account de…cits for the major industrialized countries (the United States, Canada, France, Germany and the ...the current ac- count ...the current account and the …scal ...

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Fiscal policy, the current account, and the twin deficits hypothesis

Fiscal policy, the current account, and the twin deficits hypothesis

... the current account, contrary to the Ricardian view, in which there is no systematic relationship between budget and current account ...

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From conceptual to logical ETL design using BPMN and relational algebra

From conceptual to logical ETL design using BPMN and relational algebra

... 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 ...

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Mart´ın Uribe3 First draft, Fall 1998 Last updated: June 25, 2014

Mart´ın Uribe3 First draft, Fall 1998 Last updated: June 25, 2014

... the current account did deteriorate from about 1 percent to -1 percent of ...external account is in the direction of the twin-deficit ...the current account balance was so small ...

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Essays on Fiscal Policy in Developing Countries and Microstates

Essays on Fiscal Policy in Developing Countries and Microstates

... 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 ...

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OECD ECONOMIC OUTLOOK

OECD ECONOMIC OUTLOOK

... 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 ...

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Macroeconomic fluctuations and bank behavior in Chile

Macroeconomic fluctuations and bank behavior in Chile

... 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 ...

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Borio, C. y P. Disyatat (2011), “Global imbalances and the financial crisis: Link or no link?”, BIS Working Paper, No. 346.

Borio, C. y P. Disyatat (2011), “Global imbalances and the financial crisis: Link or no link?”, BIS Working Paper, No. 346.

... Global current account imbalances and the net capital flows they entail have been at the forefront of policy debates in recent ...corresponding current account surpluses, eased financial ...

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Serie documentos de trabajo

Serie documentos de trabajo

... 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 ...

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The fiscal adjustment after the 2001 02 crisis in Argentina

The fiscal adjustment after the 2001 02 crisis in Argentina

... From 1998 on, the main counterpart of the current account 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 ...

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OECD ECONOMIC OUTLOOK: SPECIAL FOCUS ON FISCAL POLICY AND INSTITUTIONS

OECD ECONOMIC OUTLOOK: SPECIAL FOCUS ON FISCAL POLICY AND INSTITUTIONS

... for current account 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 ...

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Was fiscal irresponsibility the cause behind the Latin American crises?

Was fiscal irresponsibility the cause behind the Latin American crises?

... 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 ...

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Sustainability of external imbalances in the OECD countries

Sustainability of external imbalances in the OECD countries

... the current international financial crisis, as discussed at length in Obstfeld and Rogoff ...highest current account disequilibria are those that have experienced a greater fall in their levels of ...

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Chapter 25 Electric Current and Direct-Current Circuits

Chapter 25 Electric Current and Direct-Current Circuits

... 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 ...

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A characterization on hybrid lead halide perovskite solar cells with Ti02 mesoporous scaffold

A characterization on hybrid lead halide perovskite solar cells with Ti02 mesoporous scaffold

... 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 ...

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