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dc.contributor.authorChinn, Menzie D.en_US
dc.contributor.authorIto, Hiroen_US
dc.date.accessioned2009-09-09T17:57:00Z
dc.date.available2009-09-09T17:57:00Z
dc.date.issued2006en_US
dc.identifier.other2006-027en_US
dc.identifier.urihttp://digital.library.wisc.edu/1793/36222
dc.description.abstractThrough investigation of the medium-term determinants of the current account the authors find that for industrial countries, the government budget balance is an important determinant of the current account balance. However, their empirical findings are not consistent with the argument that the more developed financial markets are, the less saving a country undertakes. There is no evidence of excess domestic saving in the Asian emerging market countries; rather they seem to have suffered from depressed investment in the wake of the 1997 financial crises. The authors find that the more developed equity markets are, the more likely countries are to run current account deficits.en_US
dc.language.isoen_USen_US
dc.relation.ispartofseriesLa Follette School Working Papersen_US
dc.titleCurrent Account Balances, Financial Development and Institutions: Assaying the World Savings Gluten_US
dc.typeWorking paperen_US


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