文章基本信息

标题：Some Characteristics of Sharp Current Account Deficit Reversals
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作者：ALEKSANDER ARISTOVNIK ; ANDREJ KUMAR
期刊名称：South-Eastern Europe Journal of Economics (SEEJE)
印刷版ISSN：1109-8597
电子版ISSN：1792-3115
出版年度：2006
卷号：4
期号：1
出版社：Association of Economic Universities of South and Eastern Europe and the Black Sea Region
摘要：This article examines current account deficit adjustments in selected transition countries in the 1990s and at the beginning of the 21st century. For this purpose we primarily investigate the main characteristics of sharp current account reversals in Albania, Armenia, Belarus, Bosnia and Herzegovina, Kyrgyz R., Lithuania, Moldova, Poland, Slovenia and Ukraine. Results suggest that restrictively defined reversals seem to be closely related to factors such as domestic savings, real export growth, international reserves and external indebtedness as well as to budget and trade balances. While the role of exchange rate depreciation seems ambiguous, we found that sharp current account reversals are systematically associated with a gradual GDP growth slowdown in the pre-reversal period and with robust GDP growth impetus afterwards
关键词：Current account balance; reversals; macroeconomic; variables; eastern;Europe; former Soviet Union