A Financial Analysis of the Economic Effects of Having to Reverse Current Account Deficits
Oakland University - School of Business Administration
PRACTICAL FINANCIAL ECONOMICS, Praeger, 2003
This research develops a theoretical model of current account deficits that explains the effects of having to reverse such imbalances. The theory defines precise mathematical relationships which should exist between the balance of payments, exchange rates, interest rates, inflation, income, and investor expectations. The model is consistent with both currency crises and less volatile situations.
Number of Pages in PDF File: 48
JEL Classification: F32Accepted Paper Series
Date posted: March 15, 2000 ; Last revised: November 10, 2008
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