Current Account Sustainability Selected East Asian and Latin American Experiences

A number of developing countries have run large and persistent current account deficits in both the late seventies/early eighties and in the early nineties, raising the issue of whether these persistent imbalances are sustainable. This paper puts forward a notion of current account sustainability an...

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Bibliographic Details
Main Author: Razin, Assaf
Other Authors: Milesi-Ferretti, Gian
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1996
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Current Account Sustainability  |b Selected East Asian and Latin American Experiences  |c Assaf Razin, Gian Milesi-Ferretti 
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300 |a 50 pages 
651 4 |a Mexico 
653 |a Current account 
653 |a Short-term Capital Movements 
653 |a Current account imbalances 
653 |a Currency; Foreign exchange 
653 |a Current Account Adjustment 
653 |a Balance of payments 
653 |a Exports and Imports 
653 |a International economics 
653 |a International Lending and Debt Problems 
653 |a Debts, External 
653 |a External debt 
653 |a Foreign Exchange 
653 |a Real exchange rates 
653 |a Foreign exchange 
653 |a Current account deficits 
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520 |a A number of developing countries have run large and persistent current account deficits in both the late seventies/early eighties and in the early nineties, raising the issue of whether these persistent imbalances are sustainable. This paper puts forward a notion of current account sustainability and compares the experience of three Latin American countries-Chile, Colombia Mexico-and three East Asian countries-Korea, Malaysia and Thailand. It identifies a number of potential sustainability indicators and discusses their usefulness in predicting external crises