External Sustainability : A Stock Equilibrium Perspective / Norman Loayza Calderón, César

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Calderón, César
Balance of payments - Econometric models.; Investments, Foreign v Econometric models.; Rate of return.
"The 1994 crisis in Mexico, developments in East Asia, and persistent turmoil in world financial markets have dramatized the role of external imbalances in macroeconomic crises. Some believe that the current account should be kept from rising beyond a "sustainable" level, some that a current account surplus is the only solid external position. Can those rules of thumb be justified analytically?"--Cover.
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