000 02441nam a22004574a 4500
001 WPIEA2012098
003 IMF
005 20190405180037.0
006 m o d
007 cr cn|||||||||
008 020129s2012 dcu o i00 0 eng d
020 _a1475502885 :
_c18.00 USD
020 _z9781475502886
022 _a1018-5941
024 7 _a10.5089/9781475502886.001
_2doi
035 _a(IMF)WPIEA2012098
040 _aDcWaIMF
_beng
100 1 _aWieladek, Tomasz.
245 1 0 _aFinancial Regulation and the Current Account
_h[electronic resource] /
_cTomasz Wieladek.
260 _aWashington, D.C. :
_bInternational Monetary Fund,
_c2012.
300 _a1 online resource (51 p.)
490 1 _aIMF Working Papers; Working Paper ;
_vNo. 12/98
520 3 _aThis paper examines the relationship between financial regulation and the current account in an intertemporal model of the current account where financial regulation affects the current account through liquidity constraints. Greater liquidity constraints decrease the size and persistence of the current account response to a net output shock. The theory is tested with an interacted panel VAR model where the coefficients are allowed to vary with the degree of financial regulation. The current account reaction to an output shock is 60% larger and substantially more persistent in a country with low financial regulation than in one with high financial regulation.
588 _aDescription based on print version record.
650 7 _aCapital Account Openness
_2imf
650 7 _aCapital Account
_2imf
650 7 _aCurrent Account Deficit
_2imf
650 7 _aCurrent Account Imbalances
_2imf
650 7 _aFinancial Institutions and Services: Government Policy and Regulation
_2imf
650 7 _aFinancial Regulation
_2imf
651 7 _aAlgeria
_2imf
651 7 _aBulgaria
_2imf
651 7 _aEl Salvador
_2imf
651 7 _aRomania
_2imf
651 7 _aUnited Kingdom
_2imf
700 1 _aLanau, Sergi.
700 1 _aWieladek, Tomasz.
776 0 8 _iPrint Version:
_aWieladek, Tomasz.
_tFinancial Regulation and the Current Account
_dWashington, D.C. : International Monetary Fund, 2012.
_z9781475502886
830 0 _aIMF Working Papers; Working Paper ;
_vNo. 12/98
856 4 0 _uhttp://elibrary.imf.org/view/IMF001/12755-9781475502886/12755-9781475502886/12755-9781475502886.xml
_zIMF e-Library
856 4 0 _uhttp://www.imfbookstore.org/IMFORG/9781475502886
_zIMF Book Store
999 _c157375
_d157375