The Resource External balance in low income countries, prepared by Lone Christiansen, ... [et al.], (electronic resource)

External balance in low income countries, prepared by Lone Christiansen, ... [et al.], (electronic resource)

Label
External balance in low income countries
Title
External balance in low income countries
Statement of responsibility
prepared by Lone Christiansen, ... [et al.]
Creator
Contributor
Subject
Language
eng
Summary
This paper offers a coherent empirical analysis of the determinants of the real exchange rate, the current account, and the net foreign assets position in low income countries. The paper focuses on indicators specific to low income countries, such as the quality of policies and institutions, the special access to official external financing, and the role of shocks. In addition to more standard factors, we find that domestic financial liberalization is associated with higher current account balances and net foreign asset positions, while capital account liberalization is associated with lower current account balances and net foreign asset positions and with more appreciated real exchange rates. Negative exogenous shocks tend to raise (reduce) the current account in countries with closed (opened) capital accounts. Finally, foreign aid is progressively absorbed over time through net imports, and is associated with a more depreciated real exchange rate in the long-run
Related
Member of
Action
digitized
Additional physical form
Online (ebrary)
Cataloging source
CaPaEBR
Characteristic
  • unknown
  • online system or service
Government publication
international or intergovernmental publication
LC call number
HB172.5
LC item number
.C475 2009eb
Series statement
IMF working paper
Series volume
WP/09/221
Label
External balance in low income countries, prepared by Lone Christiansen, ... [et al.], (electronic resource)
Publication
Note
"October 2009"
Antecedent source
file reproduced from an electronic resource
Bibliography note
Includes bibliographical references
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
000053015314
Dimensions
unknown
Extent
electronic text
File format
multiple file formats
Form of item
online
Isbn
9781451917888
Level of compression
lossless
Media category
computer
Media MARC source
rdamedia
Media type code
c
Quality assurance targets
present
http://library.link/vocab/recordID
.b37208433
Reformatting quality
replacement
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (OCoLC)680613548
  • imf1451917880
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

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