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The Resource Current account developments in new member states of the European Union : equilibrium, excess, and EU-phoria, prepared by Jesmin Rahman

Current account developments in new member states of the European Union : equilibrium, excess, and EU-phoria, prepared by Jesmin Rahman

Label
Current account developments in new member states of the European Union : equilibrium, excess, and EU-phoria
Title
Current account developments in new member states of the European Union
Title remainder
equilibrium, excess, and EU-phoria
Statement of responsibility
prepared by Jesmin Rahman
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
This paper analyzes current account (CA) developments in the following 10 new EU members states: Czech Republic, Bulgaria, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia. During the last 15 years, these countries, on average, have run CA deficits that are considerably higher than the average CA deficit of other developing countries. However, more recently, a diverging pattern has emerged among these countries with one group, consisting of the Baltic countries, Bulgaria and Romania, experiencing rapid widening, while the others seeing a stabilization in their CA balances. Using panel data for 59 countries, this paper empirically investigates the following three questions: Are higher average deficits in EU-10 explained by medium-term macroeconomic fundamentals? What explains the diverging CA behavior among EU-10? And finally, how challenging is it for the group experiencing rapidly widening CA deficits to reverse the trend?
Member of
Cataloging source
OCLCE
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Rahman, Jesmin
Illustrations
illustrations
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 no.08/92 ONLINE
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
International Monetary Fund
Series statement
IMF Working Paper,
Series volume
WP/08/92
http://library.link/vocab/subjectName
  • Balance of payments
  • Balance of payments
  • Economic history
  • European Union countries
  • European Union countries
Label
Current account developments in new member states of the European Union : equilibrium, excess, and EU-phoria, prepared by Jesmin Rahman
Instantiates
Publication
Copyright
Note
  • "April 2008."
  • At head of title: Policy Development and Review Department
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references (pages 28-29)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • I. Introduction; Text Figures; 1. Average CA Balance (Relative to GDP) in New Member States of the EU and Other Emerging Market Countries, 1992-2006; 2. Trend in CA Balances (Relative to GDP) in New Member States of the EU, 1992-2006; II. Estimating CA Norms: The Empirical Framework; III. Estimation Results: Calculting CA Norms; Text Tables; 1. Current Account Regressions: Pooled and Fixed Effect Estimations; 2. Pooled Estimates and Findings of Other Recent Studies; 3. Average Current Account Norms in EU-10 and Other Developing Countries
  • 4. Current Account Regression: Check for Homogeneity in the Sample3. CA Norms in EU-10; IV. CA Balance in EU-10: What Explains Divergence from Norms?; 4. EU-10: Divergence of Actual CA Balances from Annual Norms, 1992-06; 5. Regression Results Explaining Divergence from CA Norms; 5a. EU-10: CA Balances after Accounting for Explanations from CA Norm and Divergence (pooled estimate) Regressions; 5b. EU-10: CA Balances after Accounting for Explanations from CA Norm and Divergence (FE estimate) Regressions
  • 6. Current Account and Export Developments in the Low CAD Group: Czech Republic, Hungary, Poland, Slovakia and Slovenia7. Current Account and Export Developments in the High CAD Group: Bulgaria, Latvia, Lithuania, Estonia and Romania; V. Coming Back to Equilibrium: How Difficult is the Road?; 8. Evolution of Corporate Sector Credit and FDI in EU-10, 2002-06; 9. Stock of Manufacturing FDI in EU-10, 2006; 6. Composition of FDI Stock in High CAD Group, 2006; References; Appendix 1: Contribution of Explanatory Variables to CA norms in EU-10
Control code
762039531
Dimensions
unknown
Extent
1 online resource (34 pages)
File format
one file format
Form of item
online
Isbn
9781451914078
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781451914078.001
Other physical details
illustrations
Specific material designation
remote
System control number
(OCoLC)762039531
Label
Current account developments in new member states of the European Union : equilibrium, excess, and EU-phoria, prepared by Jesmin Rahman
Publication
Copyright
Note
  • "April 2008."
  • At head of title: Policy Development and Review Department
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references (pages 28-29)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • I. Introduction; Text Figures; 1. Average CA Balance (Relative to GDP) in New Member States of the EU and Other Emerging Market Countries, 1992-2006; 2. Trend in CA Balances (Relative to GDP) in New Member States of the EU, 1992-2006; II. Estimating CA Norms: The Empirical Framework; III. Estimation Results: Calculting CA Norms; Text Tables; 1. Current Account Regressions: Pooled and Fixed Effect Estimations; 2. Pooled Estimates and Findings of Other Recent Studies; 3. Average Current Account Norms in EU-10 and Other Developing Countries
  • 4. Current Account Regression: Check for Homogeneity in the Sample3. CA Norms in EU-10; IV. CA Balance in EU-10: What Explains Divergence from Norms?; 4. EU-10: Divergence of Actual CA Balances from Annual Norms, 1992-06; 5. Regression Results Explaining Divergence from CA Norms; 5a. EU-10: CA Balances after Accounting for Explanations from CA Norm and Divergence (pooled estimate) Regressions; 5b. EU-10: CA Balances after Accounting for Explanations from CA Norm and Divergence (FE estimate) Regressions
  • 6. Current Account and Export Developments in the Low CAD Group: Czech Republic, Hungary, Poland, Slovakia and Slovenia7. Current Account and Export Developments in the High CAD Group: Bulgaria, Latvia, Lithuania, Estonia and Romania; V. Coming Back to Equilibrium: How Difficult is the Road?; 8. Evolution of Corporate Sector Credit and FDI in EU-10, 2002-06; 9. Stock of Manufacturing FDI in EU-10, 2006; 6. Composition of FDI Stock in High CAD Group, 2006; References; Appendix 1: Contribution of Explanatory Variables to CA norms in EU-10
Control code
762039531
Dimensions
unknown
Extent
1 online resource (34 pages)
File format
one file format
Form of item
online
Isbn
9781451914078
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781451914078.001
Other physical details
illustrations
Specific material designation
remote
System control number
(OCoLC)762039531

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