This article analyses how trade-related policy choices and financial development affect current account imbalances in OECD countries. Once the policy-related component of trade openness is estimated using exogenous-to-policy indicators of globalization pressures, legal origins and natural openness, financial development plays a significant role and is negatively associated with the current account.

Current account imbalances, trade and finance

LO PRETE, Anna
2012-01-01

Abstract

This article analyses how trade-related policy choices and financial development affect current account imbalances in OECD countries. Once the policy-related component of trade openness is estimated using exogenous-to-policy indicators of globalization pressures, legal origins and natural openness, financial development plays a significant role and is negatively associated with the current account.
2012
19
399
402
current account; openness; financial development; globalization
A. Lo Prete
File in questo prodotto:
File Dimensione Formato  
2012_AELpostprint.pdf

Open Access dal 02/09/2013

Tipo di file: POSTPRINT (VERSIONE FINALE DELL’AUTORE)
Dimensione 349.36 kB
Formato Adobe PDF
349.36 kB Adobe PDF Visualizza/Apri
2012_AEL.pdf

Accesso riservato

Tipo di file: PDF EDITORIALE
Dimensione 116.78 kB
Formato Adobe PDF
116.78 kB Adobe PDF   Visualizza/Apri   Richiedi una copia

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2318/93369
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 3
  • ???jsp.display-item.citation.isi??? 3
social impact