Author(s): Chorng-Huey Wong , Mohsin Khan , and Saleh Nsouli
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 19 April 2002
Keywords: inflation, exchange rate, real exchange rate, monetary policy, exchange rates
The current account of the balance of payments is an important variable for policymakers. Deficits in the external current account are the result of the accumulation of net claims of foreigners on residents....