Terms of Trade Shocks and the Current Account /
This paper examines the relationship between terms of trade shocks, private saving, and the current account position. The relationship between these variables is theoretically ambiguous: an adverse transitory terms of trade shock can either induce a deterioration or an improvement in the current acc...
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| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
1998.
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| Collection: | IMF Working Papers; Working Paper ;
No. 1998/177 |
| Accès en ligne: | Full text available on IMF |