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3 Empirical Analysis of the Current Account1 »
Chapter
Source: External Performance in Low-Income Countries
Series: Occasional Papers
Author(s): Alessandro Prati , Luca Ricci , Lone Engbo Christiansen , Stephen Tokarick , and Thierry Tressel
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 March 2011
ISBN: 9781616350536
Keywords: External sector, Low-income developing countries, Real effective exchange rates, exchange rate, current account, real exchange rate, foreign assets, net foreign assets
This chapter analyzes the medium-term relationship between the current account and a set of fundamentals. Following the existing literature, the estimations consist of ordinary least squares or fixed-effect...