Bagnai, Alberto; Manzocchi, Stefano - In: Open Economies Review 10 (1999) 2, pp. 143-163
This paper studies episodes of current-account reversal in developing countries (DCs) in the period 1965–1994. First, a number of persistent shifts (“reversalsâ€) in the current-account balance dynamics are identified by structural break and segmented trend tests; then, the...
