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[null,"1.","Record Nr.",null,"UNINA9910463635903321"]
[null,null,"Autore",null,"Imam Patrick"]
[null,null,"Titolo",null,"Rapid current account adjustments : are microstates different? / / Patrick Imam ; authorized for distribution by Arend Kouwenaar"]
[null,null,"Pubbl/distr/stampa",null,"[Washington, District of Columbia] : , : International Monetary Fund, , 2008"]
[{"$nulls":4},"©2008"]
[null,null,"ISBN",null,"1-4623-8908-2"]
[{"$nulls":4},"1-4527-3898-X"]
[{"$nulls":4},"1-282-84184-X"]
[{"$nulls":4},"9786612841842"]
[{"$nulls":4},"1-4518-7091-4"]
[null,null,"Descrizione fisica",null,"1 online resource (30 p.)"]
[null,null,"Collana",null,"IMF Working Papers"]
[{"$nulls":4},"IMF working paper ; ; WP/08/233"]
[null,null,"Disciplina",null,"330.9"]
[null,null,"Soggetti",null,"States, Small - Economic conditions - Econometric models"]
[{"$nulls":4},"Balance of payments - Econometric models"]
[{"$nulls":4},"Foreign exchange rates - Econometric models"]
[{"$nulls":4},"Structural adjustment (Economic policy) - Econometric models"]
[{"$nulls":4},"Electronic books."]
[null,null,"Lingua di pubblicazione",null,"Inglese"]
[null,null,"Formato",null,"Materiale a stampa"]
[null,null,null,"Livello bibliografico","Monografia"]
[null,null,null,"Note generali","Description based upon print version of record."]
[null,null,null,"Nota di bibliografia","Includes bibliographical references."]
[null,null,"Nota di contenuto",null,"Contents; I. Introduction; II. Evolution of the Current Account of Microstates, 1980-2005; III. Unique Aspects of the Current Account of Microstates; IV. \"Old\" Versus \"New\" View of the Current Account; V. Rapid Current Account Adjustment; VI. Conclusions and Policy Implications; VII. References; Appendix 1: Stylized Facts on The Current Account After Persistent Terms of Trade Shocks; Identifying Persistent Negative Terms of Trade Shocks; Current Account After Terms of Trade Changes"]
[null,null,null,"Sommario/riassunto","We describe unique aspects of microstates-they are less diversified, suffer from lumpiness of investment, they are geographically at the periphery and prone to natural disasters, and have less access to capital markets-that may make the current account more vulnerable, penalizing exports and making imports dearer. After reviewing the \"\"old\"\" and \"\"new\"\" view on current account deficits, we attempt to "]
[{"$nulls":4},"identify policies to help reduce the current account. Probit regressions suggest that microstates are more likely to have large current account adjustments if (i) they are already running large cu"]