Series: IMF Working Papers
Author(s): Gian Milesi-Ferretti , and Assaf Razin
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 1997
Keywords: Current account deficits, current account sustainability, capital flows, current account, current account deficit, current account imbalances, current account balance
The paper studies determinants and consequences of sharp reductions in current account imbalances (reversals) in low- and middle-income countries. It poses two questions: what triggers reversals, and what factors e...