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Financial markets and the current account: emerging Europe versus emerging Asia

[journal article]

dc.contributor.authorHerrmann, Sabinede
dc.contributor.authorWinkler, Adalbertde
dc.date.accessioned2010-11-11T03:51:00Zde
dc.date.accessioned2012-08-29T23:07:40Z
dc.date.available2012-08-29T23:07:40Z
dc.date.issued2009de
dc.identifier.urihttp://www.ssoar.info/ssoar/handle/document/20326
dc.description.abstractFinancial globalisation has been associated with divergent current account patterns in emerging markets. In this paper we test for the relevance of financial market characteristics in explaining different current account patterns in emerging Europe and emerging Asia. We find that better developed and more integrated financial markets increase emerging markets' ability to borrow abroad. The degree of financial integration within the convergence clubs as well as the extent of reserve accumulation are found to be the most significant factors to explain divergent current account patterns in emerging Europe and emerging Asia.en
dc.languageende
dc.subject.ddcWirtschaftde
dc.subject.ddcEconomicsen
dc.subject.otherF15; F21; O16; O52; O53; Real convergence; Economic integration; Saving and investment; Current account developments; Financial markets; Emerging market economies
dc.titleFinancial markets and the current account: emerging Europe versus emerging Asiaen
dc.description.reviewbegutachtet (peer reviewed)de
dc.description.reviewpeer revieweden
dc.source.journalReview of World Economicsde
dc.source.volume145de
dc.publisher.countryDEU
dc.source.issue3de
dc.subject.classozEconomic Policyen
dc.subject.classozPolitical Economyen
dc.subject.classozWirtschaftspolitikde
dc.subject.classozVolkswirtschaftslehrede
dc.identifier.urnurn:nbn:de:0168-ssoar-203264de
dc.date.modified2010-11-15T13:46:00Zde
dc.rights.licencePEER Licence Agreement (applicable only to documents from PEER project)de
dc.rights.licencePEER Licence Agreement (applicable only to documents from PEER project)en
ssoar.gesis.collectionSOLIS;ADISde
ssoar.contributor.institutionhttp://www.peerproject.eu/de
internal.status3de
dc.type.stockarticlede
dc.type.documentjournal articleen
dc.type.documentZeitschriftenartikelde
dc.rights.copyrightfde
dc.source.pageinfo531-550
internal.identifier.classoz1090300
internal.identifier.classoz1090302
internal.identifier.document32
internal.identifier.ddc330
dc.identifier.doihttps://doi.org/10.1007/s10290-009-0025-2de
dc.description.pubstatusPostprinten
dc.description.pubstatusPostprintde
internal.identifier.licence7
internal.identifier.pubstatus2
internal.identifier.review1
internal.check.abstractlanguageharmonizerCERTAIN
internal.check.languageharmonizerCERTAIN_RETAINED


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