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How homogeneous are balance of payments movements?

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  • Jong-Eun Lee

Abstract

The article conducts panel data Granger causality tests for current and financial accounts in 53 countries over the period of 1970Q1 to 2007Q3. We found that there is no homogeneity within the same income groups of economies unlike the previous studies. It implies that push and pull factors of capital mobility are independent of income levels of economies.

Suggested Citation

  • Jong-Eun Lee, 2010. "How homogeneous are balance of payments movements?," Applied Economics Letters, Taylor & Francis Journals, vol. 17(6), pages 609-611.
    • Handle: RePEc:taf:apeclt:v:17:y:2010:i:6:p:609-611
    DOI: 10.1080/13504850802167199
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    References listed on IDEAS

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    1. Yan, Ho-don, 2007. "Does capital mobility finance or cause a current account imbalance?," The Quarterly Review of Economics and Finance, Elsevier, vol. 47(1), pages 1-25, March.
    2. Corsetti, Giancarlo & Pesenti, Paolo & Roubini, Nouriel, 1999. "What caused the Asian currency and financial crisis?," Japan and the World Economy, Elsevier, vol. 11(3), pages 305-373, October.
    3. Sebastian Edwards & Jeffrey A. Frankel, 2002. "Preventing Currency Crises in Emerging Markets," NBER Books, National Bureau of Economic Research, Inc, number edwa02-2.
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