Sustainability of current account balances in MENA countries: threshold cointegration approach
Sign Up to like & getrecommendations! Published in 2020 at "Economic Change and Restructuring"
DOI: 10.1007/s10644-020-09278-5
Abstract: This document aims to determine the empirical link between current account balances and a set of economic variables proposed by the theoretical and empirical literature. To do this, we first use a generalized method of… read more here.
Keywords: sustainability current; current account; account balances; account ... See more keywords
Bi-demographic and current account dynamics using SVAR model: evidence from Saudi Arabia
Sign Up to like & getrecommendations! Published in 2021 at "Economic Change and Restructuring"
DOI: 10.1007/s10644-021-09348-2
Abstract: The study explores the impacts of the bi-demographic structure on the current account and gross domestic product (GDP) growth. Using structural vector autoregressive modeling (SVAR), we track the dynamic impacts on these underlying variables. New… read more here.
Keywords: age; current account; gdp growth; saudi ... See more keywords
Oil price shocks and the composition of current account balance
Sign Up to like & getrecommendations! Published in 2020 at "Central Bank Review"
DOI: 10.1016/j.cbrev.2020.02.002
Abstract: Abstract It is a well-established regularity that permanent oil price shocks do not have a permanent effect on the current account deficit. This requires that sub-components of the current account or trade balance will make… read more here.
Keywords: oil price; account; balance; current account ... See more keywords
Tax and spending shocks in the open economy: Are the deficits twins?
Sign Up to like & getrecommendations! Published in 2019 at "European Economic Review"
DOI: 10.1016/j.euroecorev.2019.103300
Abstract: We present evidence on the open economy consequences of US fiscal policy shocks identified through proxy-instrumental variables. Tax shocks and government spending shocks that raise the government budget deficit lead to persistent current account deficits.… read more here.
Keywords: open economy; tax; current account; spending shocks ... See more keywords
How does financial liberalisation affect the influence of monetary policy on the current account
Sign Up to like & getrecommendations! Published in 2018 at "Journal of International Money and Finance"
DOI: 10.1016/j.jimonfin.2018.03.015
Abstract: Abstract Does the current account improve or deteriorate following a monetary policy expansion? We examine this issue theoretically and empirically. We show that a standard open economy DSGE model predicts that the current account response… read more here.
Keywords: account; financial liberalisation; current account; monetary policy ... See more keywords
Current account dynamics and the housing cycle in Spain
Sign Up to like & getrecommendations! Published in 2018 at "Journal of International Money and Finance"
DOI: 10.1016/j.jimonfin.2018.05.007
Abstract: We investigate the negative correlation between housing markets and the current account in Spain. By employing robust sign restrictions, which we derive from a DSGE model for a currency union, we analyze the effects of… read more here.
Keywords: savings glut; risk premium; housing; current account ... See more keywords
Assessing the euro area current account
Sign Up to like & getrecommendations! Published in 2021 at "Journal of International Money and Finance"
DOI: 10.1016/j.jimonfin.2021.102512
Abstract: Abstract This paper assesses the determinants of the evolution of the euro area current account against the benchmark provided by the empirical model in the Coutinho et al. (2018). The paper analyses what part of… read more here.
Keywords: area current; euro area; assessing euro; current account ... See more keywords
Global Liquidity, Current Account Deficit, and Exchange Rate Balance Sheet Effects in Turkey
Sign Up to like & getrecommendations! Published in 2017 at "Emerging Markets Finance and Trade"
DOI: 10.1080/1540496x.2016.1216837
Abstract: ABSTRACT This study investigates the current account deficit (CAD) of Turkey from the perspective of its capital account. We discuss how global liquidity conditions and monetary policies in Turkey have contributed to higher deficits through… read more here.
Keywords: account deficit; current account; rate; exchange rate ... See more keywords
Does real exchange rate devaluation improve the current account balance of highly indebted low income countries?
Sign Up to like & getrecommendations! Published in 2019 at "African Journal of Economic and Management Studies"
DOI: 10.1108/ajems-11-2017-0287
Abstract: Purpose The purpose of this paper is to examine whether real exchange rate devaluation improves the current account balance of four highly indebted low-income countries of East Africa. Design/methodology/approach The pooled mean group (PMG) approach… read more here.
Keywords: current account; account balance; exchange rate; real exchange ... See more keywords
The Origins of Persistent Current Account Imbalances in the Post-Bretton Woods Era
Sign Up to like & getrecommendations! Published in 2019 at "Comparative Political Studies"
DOI: 10.1177/0010414019859031
Abstract: Why do some countries run persistent current account surpluses? Why do others run deficits, often over decades, leading to enduring global imbalances? Such persistent imbalances are the root cause of many financial crises and a… read more here.
Keywords: trade; wage bargaining; current account; persistent current ... See more keywords
Global Imbalances: The Role of Institutions, Financial Development and FDI in the Context of Financial Crises
Sign Up to like & getrecommendations! Published in 2021 at "Sustainability"
DOI: 10.3390/su13010356
Abstract: This paper examines the role of the quality of institutions, financial development and FDI on current account imbalances, which narrowed during the Global Financial Crisis. In doing so, we utilize (i) a sample of 49… read more here.
Keywords: financial development; current account; fdi; development ... See more keywords