The impact of financial regulation on current account balances [PDF]
Global imbalances and financial market (de)regulation both feature prominently among the potential causes of the global financial crisis, but they have been generally discussed separately. In this paper, we take a different angle and investigate the relationship between financial market regulation and current account balances, an area for which there ...
Enrique Moral-Benito, Oliver Röhn
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Ricardian equivalence or twin deficits hypothesis? Evidence from Serbia [PDF]
This study investigates empirically whether higher budget deficits worsen the current account balance in Serbia, which is in line with the twin deficit hypothesis.This prediction is very different from Ricardian equivalence theory, which implies
Rašković Jelena
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Three Current Account Balances: A "Semi-Structuralist" Interpretation [PDF]
Three large current account imbalances—one deficit (the United States) and two surpluses (Japan and the Euro area)—are subjected to a minimalist structural interpretation. Though simple, this interpretation enables us to assess how much of each of the imbalances require a real exchange rate adjustment.
Menzie D. Chinn, Jaewoo Lee
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IS INDONESIA’S CURRENT ACCOUNT BALANCE OPTIMAL? EVIDENCE FROM AN INTERTEMPORAL APPROACH
This study investigates whether Indonesia’s Current Account (CA) balance is intertemporally solvent. We provide fresh evidence on Indonesia’s CA deficit solvency by considering post-crisis period data and conducting sub-sample analysis.
Bhavesh Garg, K.P. Prabheesh
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Determinants of the current account balance in Indonesia [PDF]
The open economic system adopted by Indonesia disrupts the current account balance. This study aims to analyze and explained the causality of the current account balance with macroeconomic variables using the VAR (Vector Autoregression) approach. The data in this study used time series from 2005 quarter 1 to 2015 quarter 4.
Anggi Putri Kurniadi, Hasdi Aimon
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CURRENT ACCOUNT BALANCE, INFLATION, INDUSTRY AND SUSTAINABLE DEVELOPMENT IN JORDAN
In order to achieve that goal, the study presents theoretical and econometric framework for an economic model that includes the determinants of inflation where current account deficit is one of them.
Mohammad ALAWIN, Mohammad OQAILY
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The causal relationship between current account and financial account balance in Western Balkan countries: The case of Serbia [PDF]
The Western Balkans (WB) countries registered an increase in the current account (CA) deficit and net capital inflow in the period before the outbreak of the global financial crisis of 2008. The external debt of these countries has increased.
Kovačević Radovan
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Financial integration, euro and the twin deficits of southern Eurozone countries [PDF]
The purpose of this study is the examination of the relationship between fiscal and Current Account balances for the countries of southern eurozone. The twin deficit hypothesis is tested within the context of a portfolio model involving variables from
Kosteletou Nikolina E.
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The condition of a country’s balance of payments is a crucial factor for effective development in small open economies, such as Poland and Ukraine. Because of their dependence on the climate in international markets, Poland and Ukraine are especially ...
Nazariy Lypko
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Development of Balance of Payments Concept and Theoretical Approach to Its Equilibrium (with the Emphasis on the Current Account) [PDF]
The paper tries to find an answer to how to perceive the term balance of payments (dis)equilibrium. The text follows the individual editions of the IMF Balance of Payments Manual and concurrent opinions on balance of payments (dis)equilibrium from the ...
Ondřej Šíma
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