On the Solvency of Nations: Cross-Country Evidence on the Dynamics of External Adjustment
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https://www.nber.org/papers/w18380
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We test the hypothesis that net foreign asset positions are consistent with external solvency and examine the dynamics of external adjustment using data for 50 countries over the 1970-2006 period. Our analysis adapts Bohn's (2007) error-correction reaction function approach--which tests for a
本文旨在验证“对外净资产头寸(net foreign asset positions)与外部偿付能力(external solvency)相一致”这一假说,并基于1970年至2006年50个国家的相关数据,考察外部调整(external adjustment)的动态变化。本研究改造了博恩(Bohn, 2007)提出的误差修正反应函数(error-correction reaction function)分析框架——该框架用于检验
提供机构:
美国国家经济研究局
创建时间:
2012-09-01



