Are African Current Account Deficits Different? : Stylized Facts, Transitory Shocks, and Decomposition Analysis /

This paper analyzes the behavior of current account deficits in Africa and estimates whether the deficits are excessive with respect to fundamentals. The findings are the deficits are (i) not very persistent; (ii) positively linked with domestic growth; (iii) strongly linked with public (and private...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Zanforlin, Luisa
Weitere Verfasser: Calderon, Cesar, Chong, Alberto
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2001.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2001/004
Online Zugang:Full text available on IMF