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Friday, July 10, 2020 | History

4 edition of Thirty years of current account imbalances, current account reversals and sudden stops found in the catalog.

Thirty years of current account imbalances, current account reversals and sudden stops

Sebastian Edwards

Thirty years of current account imbalances, current account reversals and sudden stops

by Sebastian Edwards

  • 204 Want to read
  • 38 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

    Subjects:
  • Balance of payments -- History.

  • Edition Notes

    StatementSebastian Edwards.
    SeriesNBER working paper series ;, working paper 10276, Working paper series (National Bureau of Economic Research : Online) ;, working paper no. 10276.
    ContributionsNational Bureau of Economic Research.
    Classifications
    LC ClassificationsHB1
    The Physical Object
    FormatElectronic resource
    ID Numbers
    Open LibraryOL3476682M
    LC Control Number2005616211

      This paper analyses evidence on macroeconomic adjustments to large changes in current account imbalances – both deficits and surpluses. It studies annual data on key macroeconomic variables for 26 advanced and emerging market economies (EMEs) between and We find that large reductions in deficits are associated with lower GDP growth and employment . Thirty Years of Current Account Imbalances, Current Account Reversals, and Sudden Stops. By Sebastian Edwards. Abstract. In this paper I analyze the anatomy of current account adjustments in the world economy during the past three decades. The main findings may be summarized as follows: (i) Major reversals in current account deficits have.

    Global current account deficit as a ratio with GDP in increased more than %. The problem of growing current account deficit is encountered not only by . "Thirty Years of Current Account Imbalances, Current Account Reversals, and Sudden Stops." IMF Staff Papers, (forthcoming). Edwards, Sebastian and Levy-Yeyati, Eduardo. "Flexible Exchange Rates as Shock Absorb- ers." National Bureau of Economic Research (Cambridge, MA) Working Paper No. , Frenkel, Jacob A. and Razin, Assaf.

    Thirty Years of Current Account Imbalances, Current Account Reversals and Sudden Stops”. (). What Drives Private Saving Across the World?," To submit an update or takedown request for this paper, please submit an Update. Sudden stops: Determinants and output effects in the first era of globalization, – Journal of Development Economics, Vol. 91, Issue. 2, p. Edwards, Sebastian “Thirty Years of Current Account Imbalances, Current Account Reversals, and Sudden Stops.


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Thirty years of current account imbalances, current account reversals and sudden stops by Sebastian Edwards Download PDF EPUB FB2

Thirty Years of Current Account Imbalances, Current Account Reversals and Sudden Stops Sebastian Edwards. NBER Working Paper No. Issued in February NBER Program(s):International Finance and Macroeconomics.

In this paper I analyze the anatomy of current account adjustments in the world economy during the last three by: Thirty Years of Current Account Imbalances, Current Account Reversals, and Sudden Stops SEBASTIAN EDWARDS* In this paper I analyze the anatomy of current account adjustments in the world economy during the past three decades.

The main findings may be summarized as follows: (i) Major reversals in current account deficits have tended to be associ. In this paper I analyze the anatomy of current account adjustments in the world economy during the past three decades. The main findings may be summarized as follows: (i) Major reversals in current account deficits have tended to be associated with “sudden stops” of capital inflows.

(ii) The probability of a country experiencing a reversal is captured by a small number of Cited by: Thirty Years of Current Account Imbalances, Current Account Reversals and Current account reversals and sudden stops book Stops Sebastian Edwards NBER Working Paper No.

January JEL No. F30, F32 ABSTRACT In this paper I analyze the anatomy of current account adjustments in Cited by: Sebastian Edwards, "Thirty Years of Current Account Imbalances, Current Account Reversals and Sudden Stops," NBER Working PapersNational Bureau of Economic Research, Inc. Handle: RePEc:nbr:nberwo Note: IFM.

"Thirty Years of Current Account Imbalances, Current Account Reversals, and Sudden Stops," IMF Staff Papers, Palgrave Macmillan, vol. 51(s1), pagesJune. Sebastian Edwards, "Thirty Years of Current Account Imbalances, Current Account Reversals and Sudden Stops," NBER Working PapersNational Bureau of Economic Research, Inc.

w Thirty Years of Current Account Imbalances, Current Account Reversals and Sudden Stops: Edwards: Does the Current Account Matter. Milesi Ferretti and Razin: Current Account Reversals and Currency Crises: Empirical Regularities: Maria Milesi-Ferrett and Razin: w Sustainability of Persistent Current Account Deficits: Maria Milesi.

Sebastian Edwards, "Thirty Years of Current Account Imbalances, Current Account Reversals, and Sudden Stops," IMF Staff Papers, Palgrave Macmillan, vol. 51(s1), pagesJune.

Sebastian Edwards & Jeffrey A. Frankel, "Preventing Currency Crises in Emerging Markets," NBER Books, National Bureau of Economic Research, Inc, number. Financial Openness, Sudden Stops and Current Account Reversals Sebastian Edwards. NBER Working Paper No. Issued in February NBER Program(s):International Finance and Macroeconomics In this paper I use a panel data set to investigate the mechanics of sudden stops of capital inflows and current account reversals.

See Edwards ( Edwards, S. Thirty years of current account imbalances, current account reversals and sudden stops.

NBER Working Paper National Bureau of Economic Research [Google Scholar]) for a study of episodes of current account reversals and sudden stops for – 3. Bernanke ( Bernanke, B. BibTeX @MISC{Edwards04thirtyyears, author = {Sebastian Edwards and Miguel Savastano and Sebastian Edwards}, title = {Thirty years of current account imbalances, current account reversals and sudden stops, Working PaperNational Bureau of Economic Research}, year = {}}.

Thirty Years of Current Account Imbalances, Current Account Reversals and Sudden Stops. By Sebastian Edwards. Download PDF ( KB) Abstract. In this paper I analyze the anatomy of current account adjustments in the world economy during the last three decades.

The main findings may be summarized as follows: (a) Major reversals in current Author: Sebastian Edwards. Request PDF | Thirty Years of Current Account Imbalances, Current Account Reversals and Sudden Stops | In this paper I analyze the anatomy of current account adjustments in.

Thirty Years of Current Account Imbalances, Current Account Reversals and Sudden Stops Sebastian Edwards, " Sequencing of Reforms, Financial Globalization, and Macroeconomic Vulnerability," NBER Chapters, in: Financial Globalization, 20th Anniversary Conference, NBER-TCER-CEPR, National Bureau of Economic Research, Inc.

CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): In this paper I analyze the anatomy of current account adjustments in the world economy during the past three decades. The main findings may be summarized as follows: (i) Major reversals in current account deficits have tended to be associ-ated with “sudden stops ” of capital inflows.

Get this from a library. Thirty years of current account imbalances, current account reversals and sudden stops. [Sebastian Edwards; National Bureau of Economic Research.] -- "In this paper I analyze the anatomy of current account adjustments in the world economy during the last three decades.

The main findings may be summarized as follows: (a) Major reversals in current. Thirty years of current account imbalances, current account reversals and sudden stops. Cambridge, Mass.: National Bureau of Economic Research, © (OCoLC) Material Type: Internet resource: Document Type: Book, Internet Resource: All Authors / Contributors: Sebastian Edwards; National Bureau of Economic Research.

The empirical analysis shows that sudden stops and current account reversals have been closely related. The econometric analysis suggests that restricting capital mobility does not reduce the probability of experiencing a reversal.

Current account reversals, in turn, have had a negative effect on real growth that goes beyond their direct effect. " Thirty Years of Current Account Imbalances, Current Account Reversals, and Sudden Stops.

" IMF Staff Papers 51 (special issue): 1– La política económica de la acumulación de reservas. Thirty years of current account imbalances, current account reversals, and sudden stops.” To submit an update or takedown request for this paper, please. Nevertheless, past episodes of current account reversals suggest that adjustment is not uncommon when current account imbalances become too " large " (Milesi-Ferretti and Razin, ; Chinn and.S., Thirty Years of Current Account Imbalances, Current Account Reversals, and Sudden Stops, IMF Staff Papers,51(Special Issue), 1- 49 Factors usually stat e intervention has been linked.

Edwards, S () “Thirty years of current account imbalances, current account reversals, and sudden stops,” IMF Staff Papers, Vol. 51, Special Issue, pp. Guidotti PE, Sturzenegger F, Villar A () On the consequences of sudden stops.

Economia 4(No. 2)–