The role of stock markets in current account dynamics : evidence from the United States /

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Bibliographic Details
Author / Creator:Mercereau, Benoît, author.
Imprint:[Washington, D.C.] : International Monetary Fund, ©2003.
Description:1 online resource (36 pages)
Language:English
Series:IMF working paper, 2227-8885 ; WP/03/108
IMF working paper ; WP/03/108.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12497317
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Other authors / contributors:International Monetary Fund. African Department.
ISBN:1451898738
9781451898736
1462348920
9781462348923
1452759316
9781452759319
128210635X
9781282106352
9786613799708
661379970X
9781451853124
1451853122
Notes:Includes bibliographical references (pages 34-36).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
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. http://purl.oclc.org/DLF/benchrepro0212
English.
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Print version record.
Summary:This paper tests a model of the role of stock markets in current account dynamics, developed in a companion paper. With U.S. data, the model performs better than the same model without stock markets. An insight given by the model is that the current account might help predict future stock market performance. This property receives some preliminary empirical confirmation. The results also suggest that stock markets matter to the current account dynamics.
Other form:Print version: Mercereau, Benoît. Role of stock markets in current account dynamics. [Washington, D.C.] : International Monetary Fund, ©2003
Standard no.:10.5089/9781451898736.001