Financial regulation and the current account /

This paper examines the relationship between financial regulation and the current account in an intertemporal model of the current account where financial regulation affects the current account through liquidity constraints. Greater liquidity constraints decrease the size and persistence of the curr...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Lanau, Sergi (Autor), Wieladek, Tomasz (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C] : International Monetary Fund, Strategy, Policy and Review Department, [2012]
Colección:IMF working paper ; WP/12/98.
Temas:
Balance of payments > Mathematical models.
Fiscal policy > Mathematical models.
Finance, Public > Econometric models.
Balance des paiements > Modèles mathématiques.
Politique fiscale > Modèles mathématiques.
Finances publiques > Modèles économétriques.
Balance of payments > Mathematical models
Finance, Public > Econometric models
Fiscal policy > Mathematical models
Acceso en línea:Texto completo
Descripción
Sumario:This paper examines the relationship between financial regulation and the current account in an intertemporal model of the current account where financial regulation affects the current account through liquidity constraints. Greater liquidity constraints decrease the size and persistence of the current account response to a net output shock. The theory is tested with an interacted panel VAR model where the coefficients are allowed to vary with the degree of financial regulation. The current account reaction to an output shock is 60% larger and substantially more persistent in a country with low financial regulation than in one with high financial regulation.
Notas:"April 2012."
Descripción Física:1 online resource (32 pages) : color illustrations
Bibliografía:Includes bibliographical references.
ISBN:1475578547
9781475578546
147554443X
9781475544435
1475502885
9781475502886

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