Current Account Balance Estimates for Emerging Market Economies:
This paper uses a modified version of the methodology used by the IMF''s Consultative Group on Exchange Rate Issues (CGER) to calculate equilibrium current account balances (or ?norms?) for a sample of 33 emerging market economies. We find that the fundamental determinants of the equilibri...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2010
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Schriftenreihe: | IMF Working Papers
Working Paper No. 10/43 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper uses a modified version of the methodology used by the IMF''s Consultative Group on Exchange Rate Issues (CGER) to calculate equilibrium current account balances (or ?norms?) for a sample of 33 emerging market economies. We find that the fundamental determinants of the equilibrium current account balances are similar to those identified by the CGER using a sample that also comprises advanced economies. However, the fiscal balance has a considerably stronger impact on current account norms for emerging markets. This paper also offers estimates for the equilibrium current account balances of eleven smaller emerging market economies that are not currently included in the country sample used by the CGER |
Beschreibung: | 1 Online-Ressource (22 p) |
ISBN: | 1451962991 9781451962994 |
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spelling | Prat, Jordi Verfasser aut Current Account Balance Estimates for Emerging Market Economies Prat, Jordi Washington, D.C International Monetary Fund 2010 1 Online-Ressource (22 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 10/43 This paper uses a modified version of the methodology used by the IMF''s Consultative Group on Exchange Rate Issues (CGER) to calculate equilibrium current account balances (or ?norms?) for a sample of 33 emerging market economies. We find that the fundamental determinants of the equilibrium current account balances are similar to those identified by the CGER using a sample that also comprises advanced economies. However, the fiscal balance has a considerably stronger impact on current account norms for emerging markets. This paper also offers estimates for the equilibrium current account balances of eleven smaller emerging market economies that are not currently included in the country sample used by the CGER Online-Ausg Medina, Leandro Sonstige oth Thomas, Alun H. Sonstige oth http://elibrary.imf.org/view/IMF001/10755-9781451962994/10755-9781451962994/10755-9781451962994.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Prat, Jordi Current Account Balance Estimates for Emerging Market Economies |
title | Current Account Balance Estimates for Emerging Market Economies |
title_auth | Current Account Balance Estimates for Emerging Market Economies |
title_exact_search | Current Account Balance Estimates for Emerging Market Economies |
title_exact_search_txtP | Current Account Balance Estimates for Emerging Market Economies |
title_full | Current Account Balance Estimates for Emerging Market Economies Prat, Jordi |
title_fullStr | Current Account Balance Estimates for Emerging Market Economies Prat, Jordi |
title_full_unstemmed | Current Account Balance Estimates for Emerging Market Economies Prat, Jordi |
title_short | Current Account Balance Estimates for Emerging Market Economies |
title_sort | current account balance estimates for emerging market economies |
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