major economies. Those investment incomes reflect returns on cross-border asset holdings and on balance often reach … magnitudes around 5% of major economies' gross domestic product. I show that several correlates of this investment income balance … differ from other current account components, including the trade balance. Both components essentially exhibit a zero …

rate by the central bank. This study investigates the effect of unregulated exchange rates on the trade balance in Somalia … unregulated exchange rates on the trade balance. The study finds that currency depreciation worsens trade balance both in the long …- and short-run, while long-term currency appreciation has a significant impact on trade balance but significant positive …