The Role of Stock Markets in Current Account Dynamics : Evidence from the United States /

This paper tests a model of the role of stock markets in current account dynamics, developed in a companion paper. With U.S. data, the model performs better than the same model without stock markets. An insight given by the model is that the current account might help predict future stock market per...

ver descrição completa

Detalhes bibliográficos
Autor principal: Mercereau, Benoit
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2003.
Colecção:IMF Working Papers; Working Paper ; No. 2003/108
Acesso em linha:Full text available on IMF
LEADER 01529cas a2200241 a 4500
001 AALejournalIMF008432
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781451853124 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Mercereau, Benoit. 
245 1 4 |a The Role of Stock Markets in Current Account Dynamics :   |b Evidence from the United States /  |c Benoit Mercereau. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2003. 
300 |a 1 online resource (35 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper tests a model of the role of stock markets in current account dynamics, developed in a companion paper. With U.S. data, the model performs better than the same model without stock markets. An insight given by the model is that the current account might help predict future stock market performance. This property receives some preliminary empirical confirmation. The results also suggest that stock markets matter to the current account dynamics. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2003/108 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2003/108/001.2003.issue-108-en.xml  |z IMF e-Library