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Are African Current Account Deficits Different? Stylized Facts, Transitory Shocks, and Decomposition Analysis »
Source: Are African Current Account Deficits Different? Stylized Facts, Transitory Shocks, and Decomposition Analysis
Volume/Issue: 2001/4
Series: IMF Working Papers
Author(s): Luisa Zanforlin , César Calderón , and Alberto Chong
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2001
ISBN: 9781451842043
Keywords: Dynamic Panel Data Models, Decomposition Analysis, current account deficits, current account deficit, current account balance, current account balances, International Finance: General, Macroeconomic Aspects of International Trade and Finance: General,
This paper analyzes the behavior of current account deficits in Africa and estimates whether the deficits are excessive with respect to fundamentals. The findings are the deficits are (i) not very persistent; (ii)...

Are Australia's Current Account Deficits Excessive? »
Source: Are Australia's Current Account Deficits Excessive?
Volume/Issue: 1996/85
Series: IMF Working Papers
Author(s): C. McDermott , and Paul Cashin
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 1996
ISBN: 9781451850703
Keywords: current account, current account deficit, current account deficits, external borrowing, current account balance
This paper compares the evolution of the Australian current account balance over the period 1954–94 against an optimal current account derived from a consumption-smoothing model. The findings indicate that t...

Are Capital Controls Effective in the 21st Century? the Recent Experience of Colombia »
Source: Are Capital Controls Effective in the 21st Century? the Recent Experience of Colombia
Volume/Issue: 2009/30
Series: IMF Working Papers
Author(s): Benedict Clements , and Herman Kamil
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2009
ISBN: 9781451871777
Keywords: Exchange Rate Models, exchange rate, exchange rates,
This paper assesses the effects of capital controls imposed in Colombia in 2007 on capital flows and exchange rate dynamics. The results suggest that the controls were successful in reducing external borrowing, but...

Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications, and Some Evidence† »
Source: Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications, and Some Evidence
Volume/Issue: 2015/226
Series: IMF Working Papers
Author(s): Olivier Blanchard , Jonathan Ostry , Atish Ghosh , and Marcos Chamon
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 23 October 2015
ISBN: 9781513500805
Keywords: capital inflows, bonds, bond, return, domestic bonds, All Countries, apital inflows,
The workhorse open-economy macro model suggests that capital inflows are contractionary because they appreciate the currency and reduce net exports. Emerging market policy makers however believe that inflows lead t...

4 Are Current Account Imbalances in ASEAN Countries a Problem? »
Source: Macroeconomic Issues Facing ASEAN Countries
Series: Books
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 18 July 1997
ISBN: 9781557756374
Keywords: current account, exchange rate, fdi, reer, real exchange rate
1 This case has been made with respect to both Malaysia and Thailand, whose deficits widened to over 8 percent of GNP in 1995. In Indonesia, the external deficit, a...

Are Foreign Aid and Remittance Inflows a Hedge Against Food Price Shocks?1 »
Source: Are Foreign Aid and Remittance Inflows a Hedge Against Food Price Shocks?
Volume/Issue: 2012/67
Series: IMF Working Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2012
ISBN: 9781463938444
Keywords: food price shocks, vulnerability, food price, remittance, remittance inflows, food imports, International Factor Movements and International Business: General, Saving,
This paper explores the role of foreign aid and remittance inflows in the mitigation of the effects of food price shocks. Using a large sample of developing countries and mobilising dynamic panel data specification...

Are Immigrant Remittance Flows a Source of Capital for Development? »
Source: Are Immigrant Remittance Flows a Source of Capital for Development?
Volume/Issue: 2003/189
Series: IMF Working Papers
Author(s): Samir Jahjah , Ralph Chami , and Connel Fullenkamp
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 2003
ISBN: 9781451859638
Keywords: altruism, asymmetric information, private income transfers, worker, worker remittances, migration, remittance, Asymmetric and Private Information, Household Behavior, International Factor Movements and International Business,
The role of remittances in development and economic growth is not well understood. This is partly because the literatures on the causes and effects of remittances remain separate. We develop a framework that links...

Are Immigrant Remittance Flows a Source of Capital for Development? »
Source: IMF Staff Papers, Volume 52, No. 1
Volume: 52
Series: IMF Staff Papers
Author(s): International Monetary Fund. Research Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 18 April 2005
ISBN: 9781589064195
Keywords: recessions, recession, asian crisis, probability, probabilities, Capital Stock, Convergence (economics), Correlation (statistics), Decomposition Method, Economic Development. Econometric Models
This first issue of IMF Staff Papers for 2005 contains 7 papers that discuss: whether output recovered after the Asian crisis; the value of a country's trading partners to its own economic growth; whether interdepe...

Are Middle Eastern Current Account Imbalances Excessive? »
Source: Are Middle Eastern Current Account Imbalances Excessive?
Volume/Issue: 2011/195
Series: IMF Working Papers
Author(s): Paul Cashin , and Samya Beidas-Strom
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2011
ISBN: 9781462305247
Keywords: Current account determination, macroeconomic balance approach, oil exporters, exporters, reer, exporting countries, terms of trade, International Lending and Debt Problems, International Policy Coordination and Transmission,
Employing a dynamic panel regression, this study estimates the medium-term current account position for three subgroups of emerging market and developing countries with shared economic characteristics. The fundamen...

Are Remittances Good for Labor Markets in LICs, MICs and Fragile States? »
Source: Are Remittances Good for Labor Markets in LICs, MICs and Fragile States?
Volume/Issue: 2018/102
Series: IMF Working Papers
Author(s): Ralph Chami , Ekkehard Ernst , Connel Fullenkamp , and Anne Oeking
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 09 May 2018
ISBN: 9781484353615
Keywords: Labor markets, Inclusive growth, Remittances, Low income countries, fragile countries, middle income countries, Dutch Disease, Factor Income Distribution
We present cross-country evidence on the impact of remittances on labor market outcomes. Remittances appear to have a strong impact on both labor supply and labor demand in recipient countries. These effects are hi...