An Investigation of Current Account Solvency in Latin America Using Non Linear Stationarity Tests

U of London Queen Mary Economics Working Paper No. 485

14 Pages Posted: 29 Mar 2003

See all articles by Georgios E. Chortareas

Georgios E. Chortareas

University of Athens - Faculty of Economics; University of Essex - Department of Accounting, Finance & Management; King's College London

George Kapetanios

King's College, London

Merih Uctum

City University of New York (CUNY) - Brooklyn College & the Graduate Center - Department of Economics; City University of New York (CUNY) - Graduate Center

Date Written: January 2003

Abstract

Using a new methodology that allows for nonlinearities, we find frequent support for sustainability in the debt of a set of Latin American countries. Our findings overturn results obtained with traditional unit-root tests and provide a more realistic alternative to evaluate the external solvency of an economy.

JEL Classification: C22, F32, F34

Suggested Citation

Chortareas, Georgios and Kapetanios, George and Uctum, Merih, An Investigation of Current Account Solvency in Latin America Using Non Linear Stationarity Tests (January 2003). U of London Queen Mary Economics Working Paper No. 485. Available at SSRN: https://ssrn.com/abstract=370083 or http://dx.doi.org/10.2139/ssrn.370083

Georgios Chortareas

University of Athens - Faculty of Economics ( email )

8 Pesmazoglou street
GR-10559 Athens
Greece
+(30) 210 3689805 (Phone)
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University of Essex - Department of Accounting, Finance & Management ( email )

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United Kingdom

King's College London ( email )

Strand
London, England WC2R 2LS
United Kingdom

George Kapetanios (Contact Author)

King's College, London ( email )

30 Aldwych
London, WC2B 4BG
United Kingdom
+44 20 78484951 (Phone)

Merih Uctum

City University of New York (CUNY) - Brooklyn College & the Graduate Center - Department of Economics ( email )

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Brooklyn, NY 11210-9966
United States
718-951-5317 (Phone)

City University of New York (CUNY) - Graduate Center ( email )

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New York, NY 10016
United States

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