Current-account breaks and stability spells in a global perspective

  title={Current-account breaks and stability spells in a global perspective},
  author={Alfonso Camba-Crespo and Jos{\'e} Garc{\'i}a-Solanes and Fernando Torrej{\'o}n-Flores},
  journal={Applied Economic Analysis},
Purpose This study aims to identify structural breaks in the current account and the periods between these breaks, which the authors name stability spells, and study their characteristics and determinants. Design/methodology/approach Using data from the IMF and the World Bank, this study applies the Lee and Strazicich test to endogenously identify breaks and the Heckman selection model to simultaneously study the determinants of structural breaks and current-account changes after breaks… 


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