TY  - BOOK
ED  - International Monetary Fund.
TI  - Criteria of External Sustainability
T2  - IMF Working Papers; Working Paper
SN  - 1451965206 :
SN  - 1018-5941
PY  - 1988///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Current Account Balance
KW  - imf
KW  - Current Account Imbalance
KW  - Current Account Imbalances
KW  - Current Account
KW  - Foreign Debt
KW  - Germany
KW  - Japan
KW  - United States
N2  - This paper analyzes the main conceptual issues that arise in assessing external sustainability with a view toward developing operational criteria for the purposes of multilateral surveillance. The main contribution of the analysis is to show how conditional forecasts of external imbalance may be generated in a consistent way that explicitly incorporates a mechanism for achieving sustainability. An index of external unsustainability is also derived that reflects the probability of future changes in policies expected by private agents over time
UR  - http://elibrary.imf.org/view/IMF001/15646-9781451965209/15646-9781451965209/15646-9781451965209.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451965209
ER  -