Holdings: Are Australia's Current Account Deficits Excessive?

Are Australia's Current Account Deficits Excessive?:

This paper compares the evolution of the Australian current account balance over the period 1954-94 against an optimal current account derived from a consumption-smoothing model. The findings indicate that the Australian current account was not used to smooth consumption optimally in the period prio...

Full description

Saved in:

Bibliographic Details
Main Author:	McDermott, C. John (Author)
Format:	Electronic eBook
Language:	English
Published:	Washington, D.C International Monetary Fund 1996
Series:	IMF Working Papers Working Paper No. 96/85
Online Access:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Summary:	This paper compares the evolution of the Australian current account balance over the period 1954-94 against an optimal current account derived from a consumption-smoothing model. The findings indicate that the Australian current account was not used to smooth consumption optimally in the period prior to the relaxation of capital controls in the early 1980s. The results also suggest that in the period since the mid-1980s Australia's current account deficits have become excessive, and that the increase in national saving required to satisfy its external borrowing constraint is about 2 to 4 percent of GDP
Physical Description:	1 Online-Ressource (28 p)
ISBN:	1451850700 9781451850703

Staff View

MARC


LEADER	00000nmm a2200000 cb4500
001	BV048344977
003	DE-604
005	00000000000000.0
007	cr\|uuu---uuuuu
008	220713s1996 \|\|\|\| o\|\|u\| \|\|\|\|\|\|eng d
020			\|a 1451850700 \|c 15.00 USD \|9 1-451-85070-0
020			\|a 9781451850703 \|c 15.00 USD \|9 978-1-451-85070-3
035			\|a (ZDB-1-IMF)84584556X
035			\|a (OCoLC)1337138106
035			\|a (DE-599)BVBBV048344977
040			\|a DE-604 \|b ger
041	0		\|a eng
049			\|a DE-20 \|a DE-824 \|a DE-70 \|a DE-155 \|a DE-29 \|a DE-22 \|a DE-473 \|a DE-1102 \|a DE-703 \|a DE-859 \|a DE-706 \|a DE-384 \|a DE-860 \|a DE-19 \|a DE-739 \|a DE-355 \|a DE-Aug4 \|a DE-1049 \|a DE-12 \|a DE-91
100	1		\|a McDermott, C. John \|e Verfasser \|4 aut
245	1	0	\|a Are Australia's Current Account Deficits Excessive? \|c McDermott, C. John
264		1	\|a Washington, D.C \|b International Monetary Fund \|c 1996
300			\|a 1 Online-Ressource (28 p)
336			\|b txt \|2 rdacontent
337			\|b c \|2 rdamedia
338			\|b cr \|2 rdacarrier
490	0		\|a IMF Working Papers \|v Working Paper No. 96/85
520	3		\|a This paper compares the evolution of the Australian current account balance over the period 1954-94 against an optimal current account derived from a consumption-smoothing model. The findings indicate that the Australian current account was not used to smooth consumption optimally in the period prior to the relaxation of capital controls in the early 1980s. The results also suggest that in the period since the mid-1980s Australia's current account deficits have become excessive, and that the increase in national saving required to satisfy its external borrowing constraint is about 2 to 4 percent of GDP
533			\|a Online-Ausg
700	1		\|a Cashin, Paul \|e Sonstige \|4 oth
856	4	0	\|u http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml \|x Verlag \|z URL des Erstveröffentlichers \|3 Volltext
912			\|a ZDB-1-IMF
999			\|a oai:aleph.bib-bvb.de:BVB01-033724245
966	e		\|u http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml \|l UBW01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml \|l UEI01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml \|l LCO01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml \|l SBR01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml \|l UER01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml \|l SBG01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml \|l UBG01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml \|l FAN01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml \|l UBT01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml \|l FKE01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml \|l UBY01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml \|l UBA01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml \|l FLA01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml \|l UBM01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml \|l UPA01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml \|l UBR01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml \|l FHA01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml \|l FNU01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml \|l BSB01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml \|l TUM01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext

Record in the Search Index

_version_	1804184193391919104
adam_txt
any_adam_object
any_adam_object_boolean
author	McDermott, C. John
author_facet	McDermott, C. John
author_role	aut
author_sort	McDermott, C. John
author_variant	c j m cj cjm
building	Verbundindex
bvnumber	BV048344977
collection	ZDB-1-IMF
ctrlnum	(ZDB-1-IMF)84584556X (OCoLC)1337138106 (DE-599)BVBBV048344977
format	Electronic eBook
fullrecord	<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>05001nmm a2200589 cb4500</leader><controlfield tag="001">BV048344977</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">00000000000000.0</controlfield><controlfield tag="007">cr\|uuu---uuuuu</controlfield><controlfield tag="008">220713s1996 \|\|\|\| o\|\|u\| \|\|\|\|\|\|eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1451850700</subfield><subfield code="c">15.00 USD</subfield><subfield code="9">1-451-85070-0</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781451850703</subfield><subfield code="c">15.00 USD</subfield><subfield code="9">978-1-451-85070-3</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-1-IMF)84584556X</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1337138106</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV048344977</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-20</subfield><subfield code="a">DE-824</subfield><subfield code="a">DE-70</subfield><subfield code="a">DE-155</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-22</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-1102</subfield><subfield code="a">DE-703</subfield><subfield code="a">DE-859</subfield><subfield code="a">DE-706</subfield><subfield code="a">DE-384</subfield><subfield code="a">DE-860</subfield><subfield code="a">DE-19</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-Aug4</subfield><subfield code="a">DE-1049</subfield><subfield code="a">DE-12</subfield><subfield code="a">DE-91</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">McDermott, C. John</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Are Australia's Current Account Deficits Excessive?</subfield><subfield code="c">McDermott, C. John</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Washington, D.C</subfield><subfield code="b">International Monetary Fund</subfield><subfield code="c">1996</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (28 p)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">IMF Working Papers</subfield><subfield code="v">Working Paper No. 96/85</subfield></datafield><datafield tag="520" ind1="3" ind2=" "><subfield code="a">This paper compares the evolution of the Australian current account balance over the period 1954-94 against an optimal current account derived from a consumption-smoothing model. The findings indicate that the Australian current account was not used to smooth consumption optimally in the period prior to the relaxation of capital controls in the early 1980s. The results also suggest that in the period since the mid-1980s Australia's current account deficits have become excessive, and that the increase in national saving required to satisfy its external borrowing constraint is about 2 to 4 percent of GDP</subfield></datafield><datafield tag="533" ind1=" " ind2=" "><subfield code="a">Online-Ausg</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Cashin, Paul</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml</subfield><subfield code="x">Verlag</subfield><subfield code="z">URL des Erstveröffentlichers</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-1-IMF</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-033724245</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml</subfield><subfield code="l">UBW01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml</subfield><subfield code="l">UEI01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml</subfield><subfield code="l">LCO01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml</subfield><subfield code="l">SBR01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml</subfield><subfield code="l">UER01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml</subfield><subfield code="l">SBG01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml</subfield><subfield code="l">UBG01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml</subfield><subfield code="l">FAN01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml</subfield><subfield code="l">UBT01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml</subfield><subfield code="l">FKE01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml</subfield><subfield code="l">UBY01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml</subfield><subfield code="l">UBA01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml</subfield><subfield code="l">FLA01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml</subfield><subfield code="l">UBM01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml</subfield><subfield code="l">UPA01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml</subfield><subfield code="l">UBR01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml</subfield><subfield code="l">FHA01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml</subfield><subfield code="l">FNU01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml</subfield><subfield code="l">BSB01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml</subfield><subfield code="l">TUM01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield></record></collection>
id	DE-604.BV048344977
illustrated	Not Illustrated
index_date	2024-07-03T20:13:19Z
indexdate	2024-07-10T09:35:27Z
institution	BVB
isbn	1451850700 9781451850703
language	English
oai_aleph_id	oai:aleph.bib-bvb.de:BVB01-033724245
oclc_num	1337138106
open_access_boolean
owner	DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM
owner_facet	DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM
physical	1 Online-Ressource (28 p)
psigel	ZDB-1-IMF
publishDate	1996
publishDateSearch	1996
publishDateSort	1996
publisher	International Monetary Fund
record_format	marc
series2	IMF Working Papers
spelling	McDermott, C. John Verfasser aut Are Australia's Current Account Deficits Excessive? McDermott, C. John Washington, D.C International Monetary Fund 1996 1 Online-Ressource (28 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 96/85 This paper compares the evolution of the Australian current account balance over the period 1954-94 against an optimal current account derived from a consumption-smoothing model. The findings indicate that the Australian current account was not used to smooth consumption optimally in the period prior to the relaxation of capital controls in the early 1980s. The results also suggest that in the period since the mid-1980s Australia's current account deficits have become excessive, and that the increase in national saving required to satisfy its external borrowing constraint is about 2 to 4 percent of GDP Online-Ausg Cashin, Paul Sonstige oth http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	McDermott, C. John Are Australia's Current Account Deficits Excessive?
title	Are Australia's Current Account Deficits Excessive?
title_auth	Are Australia's Current Account Deficits Excessive?
title_exact_search	Are Australia's Current Account Deficits Excessive?
title_exact_search_txtP	Are Australia's Current Account Deficits Excessive?
title_full	Are Australia's Current Account Deficits Excessive? McDermott, C. John
title_fullStr	Are Australia's Current Account Deficits Excessive? McDermott, C. John
title_full_unstemmed	Are Australia's Current Account Deficits Excessive? McDermott, C. John
title_short	Are Australia's Current Account Deficits Excessive?
title_sort	are australia s current account deficits excessive
url	http://elibrary.imf.org/view/IMF001/00366-9781451850703/00366-9781451850703/00366-9781451850703.xml
work_keys_str_mv	AT mcdermottcjohn areaustraliascurrentaccountdeficitsexcessive AT cashinpaul areaustraliascurrentaccountdeficitsexcessive

Holdings

There is no print copy available.

Interlibrary loan Place Request Caution: Not in THWS collection! Get full text

MARC

Record in the Search Index

There is no print copy available.

Similar Items