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The Role of Stock Markets in Current Account Dynamics

Evidence from the United States

The Role of Stock Markets in Current Account Dynamics( )
Author: Mercereau, Benot
Series title:IMF Working Papers
ISBN:978-1-4527-5931-9
Publication Date:May 2003
Publisher:International Monetary Fund
Book Format:Ebook
List Price:Contact Supplier contact
Book Description:

This paper tests a model of the role of stock markets in current account dynamics, developed in a companion paper. With U.S. data, the model performs better than the same model without stock markets. An insight given by the model is that the current account might help predict future stock market performance. This property receives some preliminary empirical confirmation. The results also suggest that stock markets matter to the current account dynamics.

Book Details
Pages:35
Physical Dimensions (W X L X H):8.5 x 11 x 0.3 Inches



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