DETERMiNANTS OF CURRENT ACCOUNT DEFICITS IN DEVELOPING COUNTRIES

@inproceedings{Caldern2000DETERMiNANTSOC,
  title={DETERMiNANTS OF CURRENT ACCOUNT DEFICITS IN DEVELOPING COUNTRIES},
  author={C{\'e}sar Calder{\'o}n and A. Chong and Norman V. Loayza},
  year={2000}
}
Determinants of Current In developing countries, increases in current account Account Deficits in deficits tend to be associated Developing Countries with a rise in domestic output growth and shocks that increase the terms of trade Cesar Calderon and cause the real exchange Alberto Chong rate to appreciate. Higher Norman Loayza savings rates, higher growth rates in industrial economies, and higher international interest rates tend to have the opposite effect. 

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