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Are African Current Account Deficits Different? Stylized Facts, Transitory Shocks, and Decomposition Analysis

Are African Current Account Deficits Different? Stylized Facts, Transitory Shocks, and Decomposition Analysis( )
Author: Zanforlin, L.
Caldern, Csar
Chong, Alberto
Series title:IMF Working Papers
ISBN:978-1-4527-7150-2
Publication Date:Jan 2001
Publisher:International Monetary Fund
Book Format:Ebook
List Price:Contact Supplier contact
Book Description:

This paper analyzes the behavior of current account deficits in Africa and estimates whether the deficits are excessive with respect to fundamentals. The findings are the deficits are (i) not very persistent; (ii) positively linked with domestic growth; (iii) strongly linked with public (and private) savings, suggesting that fiscal consolidation in IMF-supported programs may be relatively effective; (iv) linked with aid flows, so as to close the external gap, and (v) linked with...
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Book Details
Pages:40
Physical Dimensions (W X L X H):8.5 x 11 x 0.3 Inches



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