An investigation of current account solvency in Latin America using non linear stationarity tests

Using a new methodology that allows for nonlinearities, we find frequent support for sustainability in the debt of a set of Latin American countries. Our findings overturn results obtained with traditional unit-root tests and provide a more realistic alternative to evaluate the external solvency of an economy.

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Year of publication:	2003
Authors:	Chortareas, Georgios ; Kapetanios, George ; Uctum, Merih
Publisher:	London : Queen Mary University of London, Department of Economics
Subject:	Leistungsbilanz \| Zahlungsbilanzungleichgewicht \| Auslandsverschuldung \| SchÃƒÂ¤tzung \| Lateinamerika \| Current account, Nonlinearity

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Series:	Working Paper ; 485
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	377047171 [GVK] hdl:10419/62931 [Handle]
Classification:	C22 - Time-Series Models ; F32 - Current Account Adjustment; Short-Term Capital Movements ; F34 - International Lending and Debt Problems
Source:	EconStor

Persistent link: https://www.econbiz.de/10010284220