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CURRENT ACCOUNT ADJUSTMENTS IN SELECTED TRANSITION COUNTRIES

Aristovnik, Aleksander - 2006

The paper investigates sharp reductions seen in current account deficits in selected transition countries in the 1992 …- 2003 period. The analysis focuses on three important aspects of these current account reversals: a) to examine those … factors that might have triggered the reversals and to provide some insights into the current account adjustment process; b …

Persistent link: https://www.econbiz.de/10009477246

The determinants of the current account balance in inflation targeting countries

Çeviş, İsmail; Çamurdan, Burak - In: Iktisat Isletme ve Finans 23 (2008) 270, pp. 111-131

Beginning with 1990s, “Inflation Targeting Discipline” emerged as a new monetary strategy. It is observed that there are some current account deficit increases in some economies of targeters. This observation led us to investigate the matter and therefore, to study on the relationship...

Persistent link: https://www.econbiz.de/10005675782

Twin deficits and the Feldstein-Horioka puzzle: a comparison of the EU member states and candidate countries

Aristovnik, Aleksander; Djurić, Sandra - Volkswirtschaftliche Fakultät, … - 2010

The paper’s main objective is to investigate the empirical link between the fiscal balance and the current account (i.e. the twin deficits phenomenon). The paper focuses on the EU member states and candidate countries which are according to their different (e.g. historical, political,...

Persistent link: https://www.econbiz.de/10008548837

How Excessive are External Imbalances in Selected Transition Countries?

Aristovnik, Aleksander - In: Prague Economic Papers 2006 (2006) 3, pp. 243-267

current account deficits in selected transition countries. For this purpose, dynamic panel-regression techniques are used to … characterise the properties of current account variations across the transition regions. The results are chiefly consistent with … the theoretical and previous empirical analysis, indicating a moderate level of current account deficits persistency and …

Persistent link: https://www.econbiz.de/10005036502

The Impact of a Common Currency on East Asian Production Networks and China’s Exports Behavior

Rahman, Mizanur - 2008

Vertical fragmentation of product value chain across borders is the driving force of growing economic interdependency in East Asia. A common currency, not flexible exchange rates between national currencies, would reduce flexibility in relative prices within East Asia. Its impact would be far...

Persistent link: https://www.econbiz.de/10015215997

The effect of a collective exchange rate adjustment on East Asian exports

Rahman, Mizanur; Kalirajan, Kaliappa - 2008

This paper estimates long-run effects of a collective exchange rate adjustment on multilateral exports from China, Japan, South Korea, and Taiwan. The findings show that a 1 percent generalized appreciation of all East Asian exchange rates would reduce East Asian exports by about 3 percent.

Persistent link: https://www.econbiz.de/10015215999

Cross-country evidence on the relation between stock prices and the current account

Berg, Tim Oliver - 2010

This paper explores the relation between stock prices and the current account for 17 OECD countries in 1980-2007. I use a panel vector autoregression (VAR) to compare the effects of stock price shocks to those originating from monetary policy and exchange rates. While monetary policy shocks have...

Persistent link: https://www.econbiz.de/10015222388

Twin deficits and the Feldstein-Horioka puzzle: a comparison of the EU member states and candidate countries

Aristovnik, Aleksander; Djurić, Sandra - 2010

Persistent link: https://www.econbiz.de/10015222501

Volatility of short term capital flows, financial anarchy and private investment in emerging markets

Demir, Firat - 2006

Using micro-level panel data, the paper analyses the impacts of short-term capital flow volatility on new fixed investment spending of publicly traded real sector firms in three major emerging markets that are Argentina, Mexico and Turkey. The empirical results including comprehensive...

Persistent link: https://www.econbiz.de/10015226833

The Determinants & Excessiveness of Current Account Deficits in Eastern Europe & the Former Soviet Union

Aristovnik, Aleksander - 2006

balances are generally close to their estimated levels in the 2000-2003 period in the transition region. This notion is in line …

Persistent link: https://www.econbiz.de/10015237790