Rapid current account adjustments : are microstates different? / / Patrick Imam ; authorized for distribution by Arend Kouwenaar
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| Autore: |
Imam Patrick
|
| Titolo: |
Rapid current account adjustments : are microstates different? / / Patrick Imam ; authorized for distribution by Arend Kouwenaar
|
| Pubblicazione: | [Washington, District of Columbia] : , : International Monetary Fund, , 2008 |
| ©2008 | |
| Descrizione fisica: | 1 online resource (30 p.) |
| Disciplina: | 330.9 |
| Soggetto topico: | States, Small - Economic conditions - Econometric models |
| Balance of payments - Econometric models | |
| Foreign exchange rates - Econometric models | |
| Structural adjustment (Economic policy) - Econometric models | |
| Soggetto genere / forma: | Electronic books. |
| Altri autori: |
KouwenaarArend
|
| Note generali: | Description based upon print version of record. |
| Nota di bibliografia: | Includes bibliographical references. |
| Nota di contenuto: | 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 |
| 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 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 |
| Titolo autorizzato: | Rapid current account adjustments |
| ISBN: | 1-4623-8908-2 |
| 1-4527-3898-X | |
| 1-282-84184-X | |
| 9786612841842 | |
| 1-4518-7091-4 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910463635903321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers