Current Account Imbalances in AsEAN Countries: Are they a Problem?
Applying a consumption-smoothing model to five ASEAN countries reveals that excessive private consumption has not tended to characterize their widening external imbalances in recent years, except to a small degree in Indonesia and Malaysia. Beyond consumption smoothing, however, a number of factors...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1997
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Schriftenreihe: | IMF Working Papers
Working Paper No. 97/51 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | Applying a consumption-smoothing model to five ASEAN countries reveals that excessive private consumption has not tended to characterize their widening external imbalances in recent years, except to a small degree in Indonesia and Malaysia. Beyond consumption smoothing, however, a number of factors influence the desirability of running large external deficits, including the level and composition of external liabilities, the flexibility of macroeconomic policies, and the health of banking systems. Even when the current account deficit appears sustainable, there is a case to reduce them in order to lower the risks arising from such factors |
Beschreibung: | 1 Online-Ressource (31 p) |
ISBN: | 1451847076 9781451847079 |
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spelling | Ostry, Jonathan David Verfasser aut Current Account Imbalances in AsEAN Countries Are they a Problem? Ostry, Jonathan David Washington, D.C International Monetary Fund 1997 1 Online-Ressource (31 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 97/51 Applying a consumption-smoothing model to five ASEAN countries reveals that excessive private consumption has not tended to characterize their widening external imbalances in recent years, except to a small degree in Indonesia and Malaysia. Beyond consumption smoothing, however, a number of factors influence the desirability of running large external deficits, including the level and composition of external liabilities, the flexibility of macroeconomic policies, and the health of banking systems. Even when the current account deficit appears sustainable, there is a case to reduce them in order to lower the risks arising from such factors Online-Ausg http://elibrary.imf.org/view/IMF001/01492-9781451847079/01492-9781451847079/01492-9781451847079.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Ostry, Jonathan David Current Account Imbalances in AsEAN Countries Are they a Problem? |
title | Current Account Imbalances in AsEAN Countries Are they a Problem? |
title_auth | Current Account Imbalances in AsEAN Countries Are they a Problem? |
title_exact_search | Current Account Imbalances in AsEAN Countries Are they a Problem? |
title_exact_search_txtP | Current Account Imbalances in AsEAN Countries Are they a Problem? |
title_full | Current Account Imbalances in AsEAN Countries Are they a Problem? Ostry, Jonathan David |
title_fullStr | Current Account Imbalances in AsEAN Countries Are they a Problem? Ostry, Jonathan David |
title_full_unstemmed | Current Account Imbalances in AsEAN Countries Are they a Problem? Ostry, Jonathan David |
title_short | Current Account Imbalances in AsEAN Countries |
title_sort | current account imbalances in asean countries are they a problem |
title_sub | Are they a Problem? |
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