Current account imbalances, trade and finance

被引:3
|
作者
Lo Prete, Anna [1 ]
机构
[1] Univ Turin, Dept Econ, I-10124 Turin, Italy
关键词
current account; openness; financial development; globalization;
D O I
10.1080/13504851.2011.581198
中图分类号
F [经济];
学科分类号
02 ;
摘要
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.
引用
收藏
页码:399 / 402
页数:4
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