Series: IMF Working Papers
Author(s): Atish Ghosh , and Jonathan Ostry
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 1993
Keywords: current account, current account deficit, current account balances, current account surplus, debt crisis
This paper proposes a methodology for testing whether capital flows to developing countries are determined by economic fundamentals or by purely speculative forces. We use the intertemporal optimizing approach to c...