دانلود و نمایش مقالات مرتبط با account imbalances::صفحه 1
دانلود بهترین مقالات isi همراه با ترجمه فارسی 2
نتیجه جستجو - account imbalances

تعداد مقالات یافته شده: 7
ردیف عنوان نوع
1 On the link between current account and fiscal imbalances in the presence of structural breaks: Empirical evidence from Egypt
در ارتباط بین حساب جاری و عدم تعادل مالی در حضور شکاف های ساختاری: شواهد تجربی از مصر-2021
This study provides an empirical analysis for Egypt of the link between fiscal and current account imbalances, which is also known in the literature as the twin deficit hypothesis. We assess the link between the two deficits in the presence of structural breaks using the Autoregressive Distributed Lag (ARDL) model and the bootstrap causality test. Our empirical results suggest that we reject the twin deficit hypothesis over the long-run. Instead, we find support for the Ricardian equivalence hypothesis. The absence of any long-run relationship between the two variables is backed by our bootstrap causality test and our FM-OLS (Fully Modified Ordinary Least Squares) regression results. Still, we find support for the existence of a link between the two deficits in the short-run. The results from the ARDL model with breaks contrast with those in earlier studies without breaks. The latter rejected both the twin deficit and the Ricardian equivalence hypotheses.
keywords: عدم تعادل بودجه | عدم تعادل حساب جاری | فرضیه دوقلو | همبستگی ریکاردی | شکاف ساختاری | مصر | Budget imbalance | Current account imbalance | Twin-deficit hypothesis | Ricardian equivalence | ARDL | Structural breaks | Egypt
مقاله انگلیسی
2 Trade reforms and current account imbalances
اصلاحات تجاری و عدم تعادل حساب جاری-2021
Several methods quantify soil evaporation by measuring vertical moisture flux or by recording change in mass of a soil specimen. These methods conventionally consider a non-deformable soil behaviour. However, shrinkage is the mechanical consequence of a plastic soil to evaporation reducing the area over which evaporation can occur. For this reason, it is imperative to take into account the gradual densification of the soil sample during evaporation in order to minimize possible measurement errors originating from the way, how the physical conditions are simulated. To address this challenge, an improved method proposed in this paper takes into account two aspects of soil deformation, which together have an influence on the total evaporation: (1) the reduced top soil surface due to radial shrinkage and (2) additional evaporation from the exposed side soil surface when the sample detaches from the sample holder. Four experiments with kaolin have been conducted in the laboratory to explore the effect of these two aspects through the proposed methodology. In the tests conducted, considering the changes in the area of the top soil surface and avoiding the additional evaporation from the exposed side surface significantly improved the accuracy of evaporation quantification by 25%.
keywords: حساب جاری | آزاد سازی تجارت | Current account | Trade liberalization
مقاله انگلیسی
3 Persistent current account imbalances: Are they good or bad for regional and global growth?
عدم تعادل حساب جاری مداوم: آیا آنها برای رشد منطقه ای و جهانی خوب یا بد هستند؟-2021
This paper examines the regional and global growth effects of current account imbalances in Japan, Germany, and the People’s Republic of China (PRC)—the three largest persistent surplus countries—and the United States and United Kingdom, the two largest persistent deficit countries. Controlling for a set of macroeconomic determinants, we use a structural vector autoregression (SVAR) framework to show that positive shocks to current account balances in the PRC, Germany, and Japan transmit positive regional and global growth effects, particularly in the case of spillovers to regional growth from Japan. As expected, the global growth response is lower in magnitude than the regional growth response. In addition, the extent of the effect is amplified by global value chains, pointing to the significant role played by trade in intermediate goods. For current account deficit countries, the magnitudes of the responses of growth to shocks are much lower on average than in the case of current account surplus countries. We find some marginal positive effects on regional and global growth emanating from a positive shock on the UK current account—i.e., a reduction in the deficit. For the US, a positive shock to its persistent current account deficit marginally drags on global growth, possibly reflecting declining import demand and wealth effects linked to the US dollar’s status as the global reserve currency. Our findings have important policy implications, particularly in light of discussions in recent years on whether current account surplus countries are hindering growth abroad.
keywords: عدم تعادل حساب جاری | عدم تعادل اقتصاد کلان | رشد اقتصادی | Current account imbalances | Macroeconomic imbalances | Economic growth
مقاله انگلیسی
4 A Requiem for ‘‘Blame It on Beijing” interpreting rotating global current account surpluses
مرثیه ای برای «سرزنش آن به گردن پکن» که در حال تفسیر جهانی در حال چرخش است مازاد حساب جاری-2021
Global current account imbalances have reappeared, although the extent and distribution of these imbalances are noticeably different from those experienced in the middle of the last decade. What does that recurrence mean for our understanding of the origin and nature of such imbalances? Will imbalances persist over time? Informed by empirical estimates of the determinants of current account imbalances encompassing the period after the global recession, we find that – as before – the observable manifestations of the factors driving the global saving glut have limited explanatory power for the time series variation in imbalances. Fiscal factors determine imbalances, and have accounted for a noticeable share of the recent variation in imbalances, including in the U.S. and Germany. For advanced economies, the financial component of the current account has been playing an increasing role in determining the movements of the account. Examining observable policy actions, it is clear that net official flows have been associated with some share of imbalances, although tracing out the motivations for intervention is difficult. Looking forward, it is clear that policy can influence global imbalances, although some component of the U.S. deficit will likely remain given the U.S. role in generating safe assets.
keywords: تعادل حساب جاری | دارایی های خارجی خالص | صرفه جویی | مروریسم | محافظت از خود | دارایی های ایمن | fi flows | Current account balance | Net foreign assets | Saving glut | Mercantilism | Self-protection | Safe assets | Official flows
مقاله انگلیسی
5 Cross-country variation in patience, persistent current account imbalances and the external wealth of nations
تنوع متقابل کشور در صبر، عدم تعادل حساب جاری مداوم و ثروت خارجی ملت ها-2021
This paper is the first to utilize large-scale international surveys on economic preferences to examine the long-run relationships between patience, current accounts and external wealth. We find robust empirical evidence that countries with more patient individuals tend to run persistent current account surpluses, which in turn result in the accumulation of foreign assets. This theoretically plausible but empirically unexplored relationship holds true for euro area current account imbalances, global current account imbalances and net foreign asset positions worldwide. While the existing current account literature concentrates on proximate macroeconomic determinants, this paper’s extension of inferences from deep determinants (i.e., time preferences) to the distribution of external wealth of nations (i.e., net foreign asset positions) makes a unique contribution to the literature. Our finding showing that deep heterogeneities contribute to external imbalances suggests that the pattern of current account imbalances as well as the distribution of external wealth of nations might be very persistent.
keywords: ثروت خارجی | حساب جاری | عدم تعادل خارجی | صبر | ترجیحات اقتصادی | External wealth | Current account | External imbalances | Patience | Economic preferences
مقاله انگلیسی
6 Current account (im-)balances – Determinants and policy implications
(عدم) مانده حساب جاری - عوامل تعیین کننده و پیامدهای سیاست-2021
From October 24 to 25, 2019, the Centre for European Policy Studies hosted the Jean Monnet Workshop on ‘‘Current Account (Im-)Balances - Determinants and Policy Implications” in Brussels in close collaboration with the journal ‘‘Journal of International Money and Finance.” This special issue presents a peer-reviewed selection of the papers presented at this conference.
مقاله انگلیسی
7 The US current account, sustainability, and the international monetary system
حساب جاری ایالات متحده، پایداری و سیستم پولی بین المللی-2021
In this paper, we examine the sources of the US current account imbalances and discuss the role of the international monetary system in enabling the US in carrying such external deficits. There is evidence that the stochastic properties of the US current account are not compatible with the intertemporal national budget constraint. We argue that this is likely to be related to the dominant role of the U.S. dollar as an international reserve asset, which allows the US to meet international demand for safe assets and allows borrowing at very low interest rates. Results from a structural VAR model indicate that temporary shocks dominate the current account in the short run, whereas domestic permanent supply shocks and preference shocks contribute significantly to US current account movements in the long run. To the extent that temporary shocks stem from aggregate demand, stabilizing aggregate demand is important in achieving long-term sustainability in the current account. Finally, the paper discusses the role of the international financial system and the international role of the U.S. dollar in contributing to US external imbalances.
keywords: تنظیم بین المللی | سیستم پولی بین المللی | ذخیره ارز | تعادل تجارت ایالات متحده | International adjustment | International monetary system | Reserve currency | US trade balance
مقاله انگلیسی
rss مقالات ترجمه شده rss مقالات انگلیسی rss کتاب های انگلیسی rss مقالات آموزشی
logo-samandehi
بازدید امروز: 3857 :::::::: بازدید دیروز: 9616 :::::::: بازدید کل: 20141 :::::::: افراد آنلاین: 21