Relevant issues and factors for current account adjustment may include: - The exchange rate regime (external versus internal devaluations) - The modality of fiscal consolidations (tax versus spending adjustments) - Firm heterogeneity and export performance - Labour market reforms - Financial...

Topics: - heterogeneity of firms and exporting behaviour, - the impact of crises, credit rationing and liquidity constraints on exporters, - the effects of trade liberalizations, currency unions, and other forms of globalization on firm exporting, - public and private sector reforms and the...