Current Account Deficits During Heightened Risk: Menacing or Mitigating?
Large current account deficits, and the corresponding reliance on capital flows from abroad, can increase a country’s vulnerability to periods of heightened risk. We develop a framework to evaluate such vulnerabilities and clarify which characteristics of a country’s international investment portfol...
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Format: | Article |
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Wiley
2019
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Online Access: | http://hdl.handle.net/1721.1/120824 https://orcid.org/0000-0002-9340-6063 |