TITLE

Intertemporal Approach to the Current Account: Evidence from Malaysia and Indonesia

AUTHOR(S)
Ismail, Hamizun; Ahmad Zubaidi Baharumshah; MacDonald, Ronald
PUB. DATE
June 2013
SOURCE
Jurnal Pengurusan;2013, Vol. 37, p3
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article presents an application of the intertemporal approach to the current account positions of Indonesia and Malaysia over the past four decades. Comparing the results for these two emerging market economies, the model performed noticeable better for Malaysia. Meanwhile, Indonesia's external imbalances revealed the followings: deficits of the mid-1980s and 1990s prior to the 1997 crisis appeared to be an unsustainable path; surpluses during the post-crisis period deviated from the 'optimal path' significantly, implying that savings had reached a level that was beyond what would be required to support full 'consumption-smoothing'; and capital movements appeared to be excessively volatile.
ACCESSION #
95045737

 

Related Articles

  • The Crisis That Never Happened.  // Africa Monitor: Southern Africa;Mar2007, Vol. 12 Issue 3, p3 

    The article focuses on capital flows into South Africa. Effects of changing interest rate policy in Japan and the U.S. on liquidity and current account deficit in the emerging markets (EM) are discussed. According to the Johannesburg Stock Exchange (JSE), foreign investment (FI) in equities...

  • Capital Controls: INVESTMENT FLOWS IN LATIN AMERICA. OGANES, LUIS // Americas Quarterly;Fall2013, Vol. 7 Issue 4, p98 

    The article focuses on policies related to capital control in emerging markets (EM) economies in the U.S. Among the key topics that were discussed include the capital inflows attracted by EM fixed-income markets, the increase in U.S. Treasury bond yields, and parameters for tapering asset...

  • Capital flows to emerging economies: Minsky in the tropics. Agosin, Manuel R.; Huaita, Franklin // Cambridge Journal of Economics;Jul2011, Vol. 35 Issue 4, p663 

    Capital inflows to emerging economies have a significant exogenous component, they are very large when scaled to the size of the domestic financial sectors of recipients and they have large real macroeconomic effects. They also sow the seeds for the ensuing sudden stops, or capital flow...

  • Thirlwall's Law: The Case of Turkey, 1987-2011. Aricioglu, Ebru; Ucan, Okyay; Sarac, T. Bahadir // International Journal of Economics & Finance;Sep2013, Vol. 5 Issue 9, p59 

    This study applies Thirlwall's law to Turkish economy from 1987:Q1 to 2011:Q4 period using Autoregressive Distributed Lag (ARDL) model and Kalman Filter method. Turkish economy has balance of payments deficits for last three decades. According to Thirlwall's law this deficits constrains...

  • The coming US current account surplus. Stein, Gabriel // Fund Strategy;7/24/2006, p14 

    The article offers information about the current account deficit in the U.S. When Americans retire and becomes spenders instead of savers, this is when the country goes into a current account deficit. However, their retirement is not really the main reason of the country's deficit, instead it is...

  • Causality and the Structure of Canada's Balance of Payments: Evidence from Time Series. Faroque, A.; Veloce, W. // Empirical Economics;1990, Vol. 15 Issue 3, p267 

    Recent historical data on Canada's balance of payments reveals a persistent pattern of current account deficits and capital account surpluses. The theoretical interpretation and significance of this recurrent pattern are controversial issues among economists. The essence of this debate is in our...

  • MARKET MOVERS.  // Emerging Markets Monitor;3/21/2005, Vol. 10 Issue 47, p1 

    Presents news briefs on the emerging markets as of March 21, 2005. Decline in the eurodollar futures market; Widening of the U.S. current account deficit.

  • Czech July current account deficit rises.  // Regional Today;9/16/2014, p3 

    The article reports the rise in current account deficit of Czech Republic in July 2014.

  • Turkey's current account deficit narrows in November 2015.  // Journal of Turkish Weekly;1/12/2016, p1 

    The article reports on fall in Turkey's current account deficit 2.105 billion dollars in November 2015.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics