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Book Cover
Author Christiansen, Lone Engbo.

Title External Balance in Low Income Countries
Published Washington : International Monetary Fund, 2009
Online access available from:
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Description 1 online resource (93 pages)
Series IMF Working Papers ; v. Working Paper No. 09/221
IMF Working Papers
Contents Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Determinants of External Balance; III. Empirical Results; A. Data; B. Analysis of Medium-Term Current Accounts; C. Empirical Analysis of the Real Exchange Rate; D. Empirical Analysis of the Net Foreign Asset Position; IV. Conclusions; Footnotes
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 c
Notes Print version record
Form Electronic book
Author Prati Musetti, Alessandro.
Ricci, Luca Antonio.
Tressel, Thierry.
ISBN 1452792437