Large current account deficits and neglected vulnerabilities
- Autores
- Aromí, José Daniel
- Año de publicación
- 2018
- Idioma
- inglés
- Tipo de recurso
- documento de conferencia
- Estado
- versión publicada
- Descripción
- Using a sample covering 46 advanced and emerging economies over 1990-2017, it is found that large current account deficits are reversed significantly faster than what forecasters anticipate. In addition, large current account deficits are followed by negative surprises in economic growth, low asset returns and drops in sentiment. These regularities are observed for advanced and emerging economies. Analyses for different sample periods do not point to a gradual reduction in the reported patterns. These findings are indicative of systematic neglect of vulnerabilities and have implications for the understanding of past economic events and the design of macro-prudential policies.
Facultad de Ciencias Económicas - Materia
-
Ciencias Económicas
current account
deficits - Nivel de accesibilidad
- acceso abierto
- Condiciones de uso
- http://creativecommons.org/licenses/by-nc-sa/4.0/
- Repositorio
.jpg)
- Institución
- Universidad Nacional de La Plata
- OAI Identificador
- oai:sedici.unlp.edu.ar:10915/169436
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Large current account deficits and neglected vulnerabilitiesAromí, José DanielCiencias Económicascurrent accountdeficitsUsing a sample covering 46 advanced and emerging economies over 1990-2017, it is found that large current account deficits are reversed significantly faster than what forecasters anticipate. In addition, large current account deficits are followed by negative surprises in economic growth, low asset returns and drops in sentiment. These regularities are observed for advanced and emerging economies. Analyses for different sample periods do not point to a gradual reduction in the reported patterns. These findings are indicative of systematic neglect of vulnerabilities and have implications for the understanding of past economic events and the design of macro-prudential policies.Facultad de Ciencias Económicas2018-11info:eu-repo/semantics/conferenceObjectinfo:eu-repo/semantics/publishedVersionObjeto de conferenciahttp://purl.org/coar/resource_type/c_5794info:ar-repo/semantics/documentoDeConferenciaapplication/pdfhttp://sedici.unlp.edu.ar/handle/10915/169436enginfo:eu-repo/semantics/altIdentifier/isbn/978-987-28590-6-0info:eu-repo/semantics/altIdentifier/url/https://bd.aaep.org.ar/anales/works/works2018/aromi.pdfinfo:eu-repo/semantics/altIdentifier/issn/1852-0022info:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by-nc-sa/4.0/Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)reponame:SEDICI (UNLP)instname:Universidad Nacional de La Platainstacron:UNLP2025-10-15T11:35:11Zoai:sedici.unlp.edu.ar:10915/169436Institucionalhttp://sedici.unlp.edu.ar/Universidad públicaNo correspondehttp://sedici.unlp.edu.ar/oai/snrdalira@sedici.unlp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:13292025-10-15 11:35:11.822SEDICI (UNLP) - Universidad Nacional de La Platafalse |
| dc.title.none.fl_str_mv |
Large current account deficits and neglected vulnerabilities |
| title |
Large current account deficits and neglected vulnerabilities |
| spellingShingle |
Large current account deficits and neglected vulnerabilities Aromí, José Daniel Ciencias Económicas current account deficits |
| title_short |
Large current account deficits and neglected vulnerabilities |
| title_full |
Large current account deficits and neglected vulnerabilities |
| title_fullStr |
Large current account deficits and neglected vulnerabilities |
| title_full_unstemmed |
Large current account deficits and neglected vulnerabilities |
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Large current account deficits and neglected vulnerabilities |
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Aromí, José Daniel |
| author |
Aromí, José Daniel |
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Aromí, José Daniel |
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author |
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Ciencias Económicas current account deficits |
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Ciencias Económicas current account deficits |
| dc.description.none.fl_txt_mv |
Using a sample covering 46 advanced and emerging economies over 1990-2017, it is found that large current account deficits are reversed significantly faster than what forecasters anticipate. In addition, large current account deficits are followed by negative surprises in economic growth, low asset returns and drops in sentiment. These regularities are observed for advanced and emerging economies. Analyses for different sample periods do not point to a gradual reduction in the reported patterns. These findings are indicative of systematic neglect of vulnerabilities and have implications for the understanding of past economic events and the design of macro-prudential policies. Facultad de Ciencias Económicas |
| description |
Using a sample covering 46 advanced and emerging economies over 1990-2017, it is found that large current account deficits are reversed significantly faster than what forecasters anticipate. In addition, large current account deficits are followed by negative surprises in economic growth, low asset returns and drops in sentiment. These regularities are observed for advanced and emerging economies. Analyses for different sample periods do not point to a gradual reduction in the reported patterns. These findings are indicative of systematic neglect of vulnerabilities and have implications for the understanding of past economic events and the design of macro-prudential policies. |
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2018 |
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