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Current-account Sustainability (princeton Studies In International Economics) by Gian Maria Milesi-Ferretti and Assaf Razin is a book available to read on EtoBox.

What is Current-account Sustainability (princeton Studies In International Economics) about?

This study presents a notion of current-account sustainability that explicitly considers, in addition to intertemporal solvency, a willingness to pay and to lend. It argues that this notion of sustainability provides a useful framework for understanding the variety of country experiences with protracted current-account imbalances. Based on this notion, the authors identify a number of potential sustainability indicators related to the structure of the economy and the economic policy stance. They use these indicators in the evaluation of the experience of a number of countries that have run persistent current-account imbalances and ask whether they help to discriminate between countries that underwent an external crisis and those that did not

Author

Gian Maria Milesi-Ferretti and Assaf Razin

Publisher

International Finance Section, Dept. of Economics, Princeton University

Published

1996

Language

EN

ISBN

9780881652536

Subjects

Business, Finance