External Sustainability : A Stock Equilibrium Perspective

External Sustainability : A Stock Equilibrium Perspective

The authors consider external sustainability from the perspective of equilibrium in net foreign asset positions. Under their approach, an external situation is sustainable if it is consistent with international and domestic investors' achievin...

Full description

Bibliographic Details
Main Authors: Calderon, Cesar, Loayza, Norman, Serven, Luis
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2014
Subjects:
ASSETS
BALANCE OF PAYMENTS
BUDGET CONSTRAINT
CAPITAL ACCOUNT
CAPITAL CONTROLS
CAPITAL FLOWS
CENTRAL BANK
CENTRAL BANKS
COST OF CAPITAL
COUNTRY SAMPLE
CURRENT ACCOUNT
CURRENT ACCOUNT DEFICIT
DEBT
DEFICITS
DEFLATORS
DEVELOPING COUNTRIES
DEVELOPING COUNTRY
DEVELOPING ECONOMIES
DIRECT INVESTMENT
DISCOUNTED VALUE
DISEQUILIBRIUM
EMPIRICAL ANALYSIS
EQUILIBRIUM
EXCHANGE RATE
EXCHANGE RATE ARRANGEMENTS
EXCHANGE RATES
EXPECTED RETURNS
EXPORTS
EXTERNAL DEBT
FACE VALUE
FACTOR MARKETS
FINANCIAL DEVELOPMENT
FINANCIAL MARKETS
FOREIGN ASSETS
FOREIGN EXCHANGE
FOREIGN INVESTMENT
FOREIGN INVESTORS
GDP
GROWTH RATE
IMPORTS
INCOME
INCOME COUNTRIES
INDUSTRIAL COUNTRIES
INDUSTRIAL ECONOMIES
INFLATION
INFLATION RATE
INTEREST RATES
INTERNATIONAL RESERVES
INVESTMENT OPPORTUNITIES
LABOR INPUTS
LIQUID LIABILITIES
MACROECONOMIC INSTABILITY
MARGINAL COSTS
MARKET PRICES
MARKET VALUE
NET DEBT
OIL
PER CAPITA INCOME
POLICY RESEARCH
PORTFOLIO
PORTFOLIO ASSETS
POVERTY REDUCTION
PRIVATE AGENTS
PRODUCTIVITY
PRODUCTIVITY GROWTH
PROFITABILITY
PROPERTY RIGHTS
REAL INTEREST
REAL INTEREST RATE
REPLACEMENT COSTS
STANDARD DEVIATION
TERMS OF TRADE
TRADE SHOCKS
TRANSACTION COSTS
VALUATION
WEALTH
Online Access:http://documents.worldbank.org/curated/en/2000/01/438956/external-sustainability-stock-equilibrium-perspective
http://hdl.handle.net/10986/19857

Similar Items

Similar Items