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Current-Account Reversals in Developing Countries: The Role of Fundamentals
1998
Social Science Research Network
Useful comments from F. Carlucci, M. Fratianni and an anonymous referee are gratefully acknowledged; this research was partially supported by a grant from MURST (40% Ateneo funds). Abstract -This paper studies episodes of current-account reversal in developing countries (DCs) in the period 1965-1994. First, a number of persistent shifts ("reversals") in the currentaccount balance dynamics are identified by structural break and segmented trend tests; then, the relationship between these
doi:10.2139/ssrn.139048
fatcat:scmjh7kfi5d3fotnrjtm7qzagi