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Accounting for Global Dispersion of Current Accounts*

Accounting for Global Dispersion of Current Accounts* »

Source: Accounting for Global Dispersion of Current Accounts

Volume/Issue: 2009/276

Series: IMF Working Papers

Author(s): Jaewoo Lee , Yongsung Chang , and Sun-Bin Kim

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2009

ISBN: 9781451874211

Keywords: Distribution of Current Account, Incomplete Markets, Frictions, current accounts, current account imbalances, current account balances, current account deficit,

We undertake a quantitative analysis of the dispersion of current accounts in an open economy version of incomplete insurance model, incorporating important market frictions in trade and financial flows. Calibrated...

B. Balance of Payments Statements

B. Balance of Payments Statements »

Source: International Monetary Fund Annual Report 1969

Series: Annual Report of the Executive Board

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1969

ISBN: 9781616351816

Keywords: balance of payments, gold, international trade, current account, repurchases

THE following Tables 54-66 present balance of payments statements, for 1967 and 1968 and for the first quarter of 1969, for Austria, Belgium-Luxembourg, Canada, Denmark, France, Germany, Italy, Japan, the Ne...

Chapter 8 Balances of Payments of Selected Countries

Chapter 8 Balances of Payments of Selected Countries »

Source: International Monetary Fund Annual Report 1964

Series: Annual Report of the Executive Board

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1964

ISBN: 9781616351762

Keywords: balance of payments, gold, international liquidity, export earnings, current account

IT will be apparent from what has been said in the preceding chapters that the developments in the balances of payments of six countries—the United States, the United Kingdom, Italy, France, the Federal Repu...

Current Account and Real Exchange Rate Dynamics in the G-7 Countries

Current Account and Real Exchange Rate Dynamics in the G-7 Countries »

Source: Current Account and Real Exchange Rate Dynamics in the G-7 Countries

Volume/Issue: 2002/130

Series: IMF Working Papers

Author(s): Menzie Chinn , and Jaewoo Lee

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2002

ISBN: 9781451855203

Keywords: real exchange rate, intertemporal models, permanent and temporary shocks, exchange rate, current account balance, exchange rates, Open Economy Macroeconomics,

The canonical predictions of intertemporal open-economy macro models are tested by a structural VAR analysis of Group of Seven countries. The analysis is distinguished from the previous literature in that it adopts...

The Current Account in Perspective

The Current Account in Perspective »

Source: The Current Account in Perspective : Lessons from the Italian Experience

Volume/Issue: 1990/37

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 1990

ISBN: 9781451977752

Keywords: current account, balance of payments, current account deficit, current account deficits, capital account

This paper draws some lessons about policies toward the current account from Italy’s balance of payments history between 1960 and 1988. The key role of speculative capital flows during every major episode of...

Current Accounts

Current Accounts »

Source: Current Accounts : What Is Their Relevance for Economic Policymaking?

Volume/Issue: 1998/71

Series: IMF Working Papers

Author(s): Fabio Scacciavillani , and Malcolm Knight

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1998

ISBN: 9781451849219

Keywords: current account sustainability, current account balance, current account deficit, balance of payments, current account position

This paper surveys the main theoretical approaches for analyzing movements in the current account of the balance of payments, from the Mundell-Fleming paradigm to modern intertemporal approaches. It discusses the m...

Current Accounts in a Currency Union

Current Accounts in a Currency Union »

Source: Current Accounts in a Currency Union

Volume/Issue: 2009/127

Series: IMF Working Papers

Author(s): Jörg Decressin , and Emil Stavrev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2009

ISBN: 9781451872743

Keywords: currency union, EMU, real exchange rate, exchange rate, current accounts, current account balance,

A fear about EMU was that in the absence of national currencies, country-specific shocks would result in greater current account divergences between member states. This paper finds that divergences across euro-area...

Effects of Volatile Asset Priceson Balance of Payments and International Investment Position

Effects of Volatile Asset Priceson Balance of Payments and International Investment Position »

Source: Effects of Volatile Asset Priceson Balance of Payments and International Investment Position

Volume/Issue: 2000/191

Series: IMF Working Papers

Author(s): Marco Committeri

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2000

ISBN: 9781451859706

Keywords: Balance of payments, International investment position, Statistical accuracy, Errors and omissions, Volatility, Capital flight, exchange rates, statistics, equation, exchange rate

This paper aims at clarifying, with the help of a simple formal model and numerical examples, several aspects of the relationship between international investment position (IIP) and balance of payments (BOP) statis...

The Exchange Rate in a Dynamic-Optimizing Current Account Model with Nominal Rigidities

The Exchange Rate in a Dynamic-Optimizing Current Account Model with Nominal Rigidities »

Source: The Exchange Rate in a Dynamic-Optimizing Current Account Model with Nominal Rigidities : A Quantitative Investigation

Volume/Issue: 1997/7

Series: IMF Working Papers

Author(s): Robert Kollman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1997

ISBN: 9781451928525

Keywords: exchange rate, money supply, exchange rates, real exchange rates, effective exchange rates, IMF Working Paper,

This paper studies dynamic-optimizing model of a semi-small open economy with sticky nominal prices and wages. The model exhibits exchange rate overshooting in response to money supply shocks. The predicted variabi...

Accounting for Global Dispersion of Current Accounts

Accounting for Global Dispersion of Current Accounts »

Volume/Issue: 2009/276

Series: IMF Working Papers

Author(s): Jaewoo Lee , Yongsung Chang , and Sun-Bin Kim

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2009

DOI: http://dx.doi.org/10.5089/9781451874211.001

ISBN: 9781451874211

Keywords: Distribution of Current Account, Incomplete Markets, Frictions, current accounts, current account imbalances, current account balances, current account deficit,

We undertake a quantitative analysis of the dispersion of current accounts in an open economy version of incomplete insurance model, incorporating important market frictions in trade and financial flows. Calibrated...