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010   $a9786612843099
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010   $a1-282-84309-5
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100   $a20100902d2009      uf             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aGlobal imbalances and petrodollars$b[electronic resource] /$fRabah Arezki and Fuad Hasanov
210   $a[Washington, D.C.] $cInternational Monetary Fund$d2009
215   $a1 online resource (27 p.)
225 1 $aIMF working paper ;$vWP/09/89
300   $aDescription based upon print version of record.
311   $a1-4519-1671-X 
320   $aIncludes bibliographical references.
327   $aContents; I. Introduction; Figures; 1. Evolution of Current Account; II. The Global Imbalances Debate; III. Empirical Investigation; A. Stylized Facts; 2. Evolution of Oil Exporters' Current Account and Fiscal Balance: Twin Surpluses; 3. Evolution of Fiscal Balance; 4. NFA, Current Account, and Spending in Oil-Exporting Countries; B. Empirical Specification, Data, and Estimators; 5. Fiscal Balance, Revenues, and Spending in Oil-Exporting Countries; C. Estimation Results; Tables; 1. Current Account Estimations (1980-2007, Annual); D. Robustness
327   $a2. Current Account Estimations: Oil Exporters, GMM (1980-2007, Annual)3. Current Account Estimations (1980-2007, 4-year average); IV. Concluding Remarks; References; Appendices; I. Data Description and Sources; II. GMM Estimators; Appendix III Tables; A1. Current Account Estimations: Total Sample (With Outliers, 1980-2007, Annual); A2. Current Account Estimations: Oil Exporters, Pooled OLS (1980-2007, Annual); A3. Current Account Estimations: Oil Exporters, FE (1980-2007, Annual)
330   $aOil exporters have run large current account surpluses. We explore oil exporters' role in our understanding and the resolution of global imbalances. Current account dynamics are estimated for oil-exporting countries and the rest of the world. We find that fiscal policy has a much stronger effect on current account of oil exporters than on current account of other countries. The current account adjustment of oil-exporting countries is also faster than that of other countries. We conclude that a change in fiscal policy of oil exporters can have significant and speedy impact on global imbalances.
410  0$aIMF working paper ;$vWP/09/89.
606   $aFinancial crises
606   $aRegional economic disparities
608   $aElectronic books.
615  0$aFinancial crises.
615  0$aRegional economic disparities.
676   $a382.17
700   $aArezki$b Rabah$0936180
701   $aHasanov$b Fuad$f1978-$0882105
712 02$aInternational Monetary Fund.
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910464011903321
996   $aGlobal imbalances and petrodollars$92448350
997   $aUNINA