What Causes the Volatility of the Balancing Item?

This paper analyzes the impacts of timing errors, capital flows and economic openness on the behavior of the balancing item. We choose Norway, Sweden, Philippines and South Africa as sample countries where the size of the balancing item is often excess the IMF's criterion of â€˜smallness'. The empirical results show that the sources of the volatility of the balancing item are different among these four countries.

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Year of publication:	2009
Authors:	Lin, Mei-yin ; Wang, Hui-hua
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 29.2009, 4, p. 2738-2748
Publisher:	AccessEcon
Subject:	Balancing item \| Balance of payments

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	F3 - International Finance ; C3 - Econometric Methods: Multiple/Simultaneous Equation Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008562948