Mercantilism in a Liberal World Order: The Origins of Persistent Current Account Imbalances

2016 ◽  
Author(s):  
Mark S. Manger ◽  
Thomas Sattler
Keyword(s):  
Current Account ◽  
World Order ◽  
Persistent Current ◽  
Current Account Imbalances ◽  
Account Imbalances

scholarly journals Import Dependency of Exports as a Cause of Current Account Deficit

2018 ◽  
Vol 25 (3) ◽  
pp. 37-49 ◽  
Author(s):  
Nalan Terzioglu ◽  
Turan Subasat
Keyword(s):  
Current Account ◽  
Current Account Deficit ◽  
Global Value Chains ◽  
Policy Option ◽  
Persistent Current ◽  
Value Chains ◽  
Historical Evidence ◽  
Important Policy ◽  
Current Account Imbalances ◽  
Account Imbalances

The rapid increase in import dependency of exports and current account imbalances in many countries over the last two decades led many researchers to argue that they may be correlated and the increase in IDE may be the main cause of current account imbalances. This argument is important because historical evidence suggests that large and persistent current account imbalances often lead to subsequent corrective crisis. If the increase in IDE is a major cause of current account imbalances, reducing it becomes an important policy option to prevent further crisis. While there is a large literature on both global value chains (the main cause of IDE) and current account imbalances, the literature that investigates the link between them is very new and limited. This paper aims to contribute to this limited literature.

Income Inequality and Current Account Imbalances

2012 ◽  
Author(s):  
Michael Kumhof ◽  
Claire Lebarz ◽  
Romain G. Rancière ◽  
Alexander W. Richter ◽  
Nathaniel A. Throckmorton
Keyword(s):  
Income Inequality ◽  
Current Account ◽  
Current Account Imbalances ◽  
Account Imbalances

Income Inequality and Current Account Imbalances

2012 ◽  
Author(s):  
Michael Kumhof ◽  
Claire Lebarz ◽  
Romain G. Rancière ◽  
Alexander W. Richter ◽  
Nathaniel A. Throckmorton
Keyword(s):  
Income Inequality ◽  
Current Account ◽  
Current Account Imbalances ◽  
Account Imbalances
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