LEADER 04143nam 2200625 450 001 9910463997103321 005 20170817212547.0 010 $a1-4623-8102-2 010 $a1-4527-5816-6 010 $a9786612840470 010 $a1-282-84047-9 010 $a1-4518-6953-3 035 $a(CKB)3170000000054999 035 $a(EBL)1607836 035 $a(SSID)ssj0000944010 035 $a(PQKBManifestationID)11503138 035 $a(PQKBTitleCode)TC0000944010 035 $a(PQKBWorkID)10983285 035 $a(PQKB)10929317 035 $a(OCoLC)762039531 035 $a(MiAaPQ)EBC1607836 035 $a(EXLCZ)993170000000054999 100 $a20140227h20082008 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aCurrent account developments in new member states of the European Union $eequilibrium, excess, and EU-phoria /$fJesmin Rahman 210 1$a[Washington, District of Columbia] :$cInternational Monetary Fund,$d2008. 210 4$dİ2008 215 $a1 online resource (36 p.) 225 1 $aIMF Working Papers 225 0$aIMF working paper ;$vWP/08/92 300 $aDescription based upon print version of record. 311 $a1-4519-1407-5 327 $aContents; I. Introduction; Text Figures; 1. Average CA Balance (Relative to GDP) in New Member States of the EU and Other Emerging Market Countries, 1992-2006; 2. Trend in CA Balances (Relative to GDP) in New Member States of the EU, 1992-2006; II. Estimating CA Norms: The Empirical Framework; III. Estimation Results: Calculting CA Norms; Text Tables; 1. Current Account Regressions: Pooled and Fixed Effect Estimations; 2. Pooled Estimates and Findings of Other Recent Studies; 3. Average Current Account Norms in EU-10 and Other Developing Countries 327 $a4. Current Account Regression: Check for Homogeneity in the Sample3. CA Norms in EU-10; IV. CA Balance in EU-10: What Explains Divergence from Norms?; 4. EU-10: Divergence of Actual CA Balances from Annual Norms, 1992-06; 5. Regression Results Explaining Divergence from CA Norms; 5a. EU-10: CA Balances after Accounting for Explanations from CA Norm and Divergence (pooled estimate) Regressions; 5b. EU-10: CA Balances after Accounting for Explanations from CA Norm and Divergence (FE estimate) Regressions 327 $a6. Current Account and Export Developments in the Low CAD Group: Czech Republic, Hungary, Poland, Slovakia and Slovenia7. Current Account and Export Developments in the High CAD Group: Bulgaria, Latvia, Lithuania, Estonia and Romania; V. Coming Back to Equilibrium: How Difficult is the Road?; 8. Evolution of Corporate Sector Credit and FDI in EU-10, 2002-06; 9. Stock of Manufacturing FDI in EU-10, 2006; 6. Composition of FDI Stock in High CAD Group, 2006; References; Appendix 1: Contribution of Explanatory Variables to CA norms in EU-10 327 $aAppendix 2: Robustness Check for Explanation of CA DivergenceAppendix 3: Data sources 330 $aThis paper analyzes current account (CA) developments in the following 10 new EU members states: Czech Republic, Bulgaria, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia. During the last 15 years, these countries, on average, have run CA deficits that are considerably higher than the average CA deficit of other developing countries. However, more recently, a diverging pattern has emerged among these countries with one group, consisting of the Baltic countries, Bulgaria and Romania, experiencing rapid widening, while the others seeing a stabilization in their CA bal 410 0$aIMF Working Papers 606 $aBalance of payments$zEuropean Union countries 607 $aEuropean Union countries$xEconomic conditions 608 $aElectronic books. 615 0$aBalance of payments 676 $a382.17 700 $aRahman$b Jesmin$0937134 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910463997103321 996 $aCurrent account developments in new member states of the European Union$92110731 997 $aUNINA