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International Capital Flows and National Creditworthiness [electronic resource] : Do the Fundamental Things Apply As Time Goes By? Cashin, Paul.

Author/Creator:
Cashin, Paul.
Publication:
Washington, D.C. : International Monetary Fund, 1998.
Format/Description:
Government document
Book
1 online resource (41 p.)
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 98/172.
IMF Working Papers; Working Paper No. 98/172
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Local subjects:
Balance of payments. (search)
Balance of payments crisis. (search)
Balance of trade. (search)
Capital account. (search)
Capital account imbalances. (search)
Capital account liberalization. (search)
Currency crises. (search)
Currency debt. (search)
Current account. (search)
Current account balance. (search)
Current account deficit. (search)
Current account deficits. (search)
Current account imbalance. (search)
Current account imbalances. (search)
Current account position. (search)
Current account positions. (search)
Current account reversals. (search)
Current account surplus. (search)
Current account surpluses. (search)
Current accounts. (search)
Debt market. (search)
Debt problem. (search)
Debt relief. (search)
Debtor countries. (search)
Debtor country. (search)
Domestic currency. (search)
Domestic financial markets. (search)
External borrowing. (search)
External borrowings. (search)
External debt. (search)
External liabilities. (search)
External liability. (search)
External obligations. (search)
External shocks. (search)
Foreign currency debt. (search)
Foreign debt. (search)
Indebted country. (search)
International borrowing. (search)
International debt. (search)
Liquidity crises. (search)
Net external liabilities. (search)
Net external liability. (search)
Persistent current account deficits. (search)
Private debt. (search)
Public debt. (search)
Repayments. (search)
Reserve bank. (search)
Sovereign borrowers. (search)
Sovereign debt. (search)
Australia. (search)
Summary:
This paper examines the optimality of international capital flows to a persistent net importer of capital, Australia, during its post-capital-controls period 1984-98. The results suggest that international capital flows were larger than optimal during the 1980s, but in the 1990s such flows have been broadly consistent with those predicted by the consumption-smoothing approach to the determination of the current account. The paper also discusses the main implications arising from measures of optimal capital flows, and compares them with the implications arising from the key concepts used in the determination of national creditworthiness.
Notes:
Description based on print version record.
Contributor:
Cashin, Paul.
McDermott, C. John.
Other format:
Print Version:
ISBN:
1451977522:
9781451977523
ISSN:
1018-5941
Publisher Number:
10.5089/9781451977523.001
Access Restriction:
Restricted for use by site license.