Current-account Adjustments And Exchange-rage Misalignments
We investigate the link between persistence of current-account imbalances and exchange-rate misalignements through the estimation of a panel smooth transition regression model on a sample of 22 industrialized countries. ... Access Content
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The International Monetary And Financial System: A Capital ...
In analysing the performance of the international monetary and financial system (IMFS), too much attention has been paid to the current account and far too little to the capital account. This is true of both formal analytical models and historical narratives. ... Return Doc
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THE IMPACT OF AGING ON FINANCIAL MARKETS AND THE ECONOMY: A ...
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The “Impossible Trinity” Hypothesis in an Era of Global Imbalances: optimal reserves balance the macroeconomic adjustment costs incurred in the absence of (2007) link the large increase in reserves holding to the deepening financial ... Doc Viewer
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