Current Account Deficits in European Emerging Markets
نویسندگان
چکیده
منابع مشابه
Budget-Current Account Deficits Nexus in Malaysia
The purpose of this study is to contribute further on the twin deficits debate in a developing economy. The data for Malaysia over four decades is used as a case study. Empirical result obtained from the Johansen-Juselius (1990) cointegration test indicates that budget deficit and current account deficit do not contain common stochastic trend in the long run. However, the findings from the Gran...
متن کاملInvestigation of the market efficiency of emerging stock markets in the East-European region
The presence of stock market efficiency is a distinctive characteristic of the effectively functioning market economy. Investigation of the market efficiency of seven emerging East-European stock exchanges is carried out as their major stock indices (BELEX15, BET, CROBEX, ISE100, PFTS, RTSI, SOFIX) are studied in respect of long-range dependence (LRD), persistency, and forecasting possibili...
متن کاملInflation, Current Account Deficits and Unemployment
This is the sixth opportunity I have had to address CEDA’s AGM as Governor; for me it has been a long and happy association with CEDA. Tonight I would like to stand back from the daily occurrences which excite the media and financial markets to observe some longer-term trends which, ultimately, determine standards of living in this country. I think we have come a long way over the past decade, ...
متن کاملCurrent Account Deficits in the Transition Eco- Nomies
This study tests for the stationarity and sustainability of current account deficits for ten transition economies. For this purpose, a new test is employed that allows one to test for unit roots in heterogeneous panel datasets. While the benefits from creating a panel to overcome low test power are well known, this test also offers key advantages over existing alternative panel data unit root t...
متن کاملSustainability of Current Account Deficits in Turkey: Markov Switching Approach
Countries may face debt problems for periods when the long-run solvency condition about current account deficits holds. Using Markov Switching model, the econometric methodology proposed in this study allows us to distinguish periods that are associated with unsustainable outcomes from those in which the solvency condition holds. Analyzing Turkey’s current account deficits between 1987:4 and 20...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2008
ISSN: 1556-5068
DOI: 10.2139/ssrn.2285043