Medium-term determinants of current accounts in industrial and developing countries : an empirical exploration /
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| Author / Creator: | Chinn, Menzie David, author. |
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| Imprint: | [Washington, D.C.] : International Monetary Fund, Research Department, 2000. ©2000 |
| Description: | 1 online resource (39 pages) : illustrations. |
| Language: | English |
| Series: | IMF working paper ; WP/00/46 IMF working paper ; WP/00/46. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12496765 |
| Summary: | 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. |
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| Physical Description: | 1 online resource (39 pages) : illustrations. |
| Format: | Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |
| Bibliography: | Includes bibliographical references (pages 37-39). |
| ISBN: | 1451893728 9781451893724 1281387010 9781281387011 1462355080 9781462355082 1452757348 9781452757346 9786613779823 6613779822 9781451846546 1451846541 |
| ISSN: | 2227-8885 |