The role of stock markets in current account dynamics : evidence from the United States /
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Author / Creator: | Mercereau, Benoît, author. |
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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 |
Other authors / contributors: | International Monetary Fund. African Department. |
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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. digitized 2010 HathiTrust Digital Library committed to preserve 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 |
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