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Is the Turkish current account deficit sustainable?

Abbasoğlu, Osman Furkan; İmrohoroğlu, Ayşe; … - 2017

During the 2011-2015 period, Turkey's current account deficit as a percentage of GDP was one of the largest among the OECD countries. In this paper, we examine if this deficit can be considered sustainable using the Engel and Rogers (2006) approach. In this framework, the current account of a...

Persistent link: https://www.econbiz.de/10011609959

External challenges to the economic expansion of emerging markets in the post-COVID 19 and post-COP26 era : a balance-of-payments constrained growth (BPCG) perspective

Moreno-Brid, Juan Carlos; Nalin, Lorenzo; … - In: PSL quarterly review 75 (2022) 303, pp. 313-354

The purpose of this study is to assess, from a Balance of Payment Constraint Growth (BPCG) theoretical perspective, current key challenges of developing countries that spring from two broad exogenous factors. These factors are: i) global shocks that affect the world economy, and ii) major...

Persistent link: https://www.econbiz.de/10014230871

Globalization and the Sustainability of Large Current Account Imbalances : Size Matters

Aizenman, Joshua - 2008

This paper evaluates the sustainability of large current account imbalances in the era when the Chinese GDP growth rate and current account/GDP exceed 10%. We investigate the size distribution and the durability of current account deficits during 1966-2005, and report the results of a simulation...

Persistent link: https://www.econbiz.de/10012722939

The Impact of Current Account Deficits on Economic Growth in Zimbabwe

Nyoni, Thabani - 2017

Current account deficit has become a common phenomenon in both developed and developing countries. Although there is a plethora of perspective towards the current account deficit-economic growth nexus, there is still no consensus on the impact and direction of causality. This study seeks to...

Persistent link: https://www.econbiz.de/10012945866

Global imbalances, Bretton Woods II, and Euroland's role in all this

Bibow, Jörg (contributor) - 2006

of first-order importance in these developments. Germany is identified as being at the heart of the European trouble …

Persistent link: https://www.econbiz.de/10003721073

Global Imbalances, Bretton Woods Ii, and Euroland's Role in All this

Bibow, Jörg - 2013

has been of first-order importance in these developments. Germany is identified as being at the heart of the European …

Persistent link: https://www.econbiz.de/10012711566

Spillover effects of Germany's final demand on Southern Europe

Schröder, Enno; Picek, Oliver - 2017

size of spillover effects of Germany's final demand on GDP, employment, and the trade balance in Southern European … countries. We find that spillover effects are rather small. Germany alone will hardly make a significant contribution to the … schätzen. Die Spillover-Effekte sind eher klein. Im Alleingang wird Deutschland keinen wesentlichen Beitrag zum externen …

Persistent link: https://www.econbiz.de/10011667875

Reverse causality in global current accounts

Schnabl, Gunther; Freitag, Stephan - 2010

Germany as center countries with rising / high current account deficits (US) and surpluses (Germany). These are matched by … analysis extends from 1981-2008, the results for Germany mostly capture the situation before the euro was created. - Global …

Persistent link: https://www.econbiz.de/10003973544

Current account targeting hypothesis versus twin deficit hypothesis : the EMU experience of Portugal

Afonso, António; Coelho, José Carlos - 2021

We study the relationship between the government budget balance and the current account balance for Portugal, using quarterly data from 1999 to 2019. On the one hand, the causality tests find a unidirectional relation running from the current account balance to the government budget balance. On...

Persistent link: https://www.econbiz.de/10012595472

Determinants of global and intra-European imbalances

Schnabl, Gunther; Freitag, Stephan - 2011

asymmetric current account developments. It identifies the US and Germany as center countries with rising / high current account … deficits (US) and surpluses (Germany). These are matched by current account surpluses of countries stabilizing their exchange …

Persistent link: https://www.econbiz.de/10009508894