The Resource Are African current account deficits different? : stylized facts, transitory shocks, and decomposition analysis, prepared by César Calderón, Alberto Chong and Luisa Zanforlin

Are African current account deficits different? : stylized facts, transitory shocks, and decomposition analysis, prepared by César Calderón, Alberto Chong and Luisa Zanforlin

Label
Are African current account deficits different? : stylized facts, transitory shocks, and decomposition analysis
Title
Are African current account deficits different?
Title remainder
stylized facts, transitory shocks, and decomposition analysis
Statement of responsibility
prepared by César Calderón, Alberto Chong and Luisa Zanforlin
Title variation
African current account deficits
Creator
Contributor
Subject
Language
eng
Summary
This paper analyzes the behavior of current account deficits in Africa and estimates whether the deficits are excessive with respect to fundamentals. The findings are the deficits are (i) not very persistent; (ii) positively linked with domestic growth; (iii) strongly linked with public (and private) savings, suggesting that fiscal consolidation in IMF-supported programs may be relatively effective; (iv) linked with aid flows, so as to close the external gap, and (v) linked with currency depreciation and the terms of trade. The deficit is "excessive," as it is almost 3 percent of the gross national disposable income above the equilibrium level
Member of
Action
digitized
Cataloging source
OCLCE
Government publication
international or intergovernmental publication
Illustrations
illustrations
Index
no index present
LC call number
HG3810
LC item number
.I44 v.2001, no.4
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
IMF working paper
Series volume
WP/01/4
Label
Are African current account deficits different? : stylized facts, transitory shocks, and decomposition analysis, prepared by César Calderón, Alberto Chong and Luisa Zanforlin
Publication
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
ocn646849493
Dimensions
unknown
Extent
1 online resource (39 pages)
File format
one file format
Form of item
online
Isbn
9781281603302
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other physical details
illustrations
http://library.link/vocab/recordID
.b37178702
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (OCoLC)646849493
  • imf1281603309
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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