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dc.contributor.authorBelkar, Rochelle
dc.contributor.authorCockerell, Lynne
dc.contributor.authorKent, Christopher
dc.coverage.spatialAUSTRALIAes_ES
dc.date.accessioned2019-11-01T00:04:06Z
dc.date.available2019-11-01T00:04:06Z
dc.date.issued2008
dc.identifier.isbn978-956-7421-30-5
dc.identifier.urihttps://hdl.handle.net/20.500.12580/3743
dc.descriptionLarge and persistent current account deficits are frequently raised as a cause for concern for a number of reasons. Perhaps the key concern is that countries in this situation could be on a path to insolvency, building up excessive net foreign debt, raising the prospects of default or a sharp reversal in capital flows, which might force an abrupt and costly adjustment.1 Large deficits and rising indebtedness could also leave countries more vulnerable to adverse external shocks, including a change in sentiment on the part of foreign creditors. Some argue that policymakers should take steps to ensure that countries move toward a sustainable position in which the current account deficit is not so large that it will lead to an excessive build-up in foreign indebtedness.
dc.format.pdf
dc.format.extentSección o Parte de un Documento
dc.format.mediump. 491-535
dc.language.isoeng
dc.publisherBanco Central de Chile
dc.relation.ispartofSeries on Central Banking, Analysis, and Economic Policies, no. 12
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
dc.subjectPOLÍTICA ECONÓMICAes_ES
dc.subjectDEUDA EXTERNAes_ES
dc.subjectMOVIMIENTOS DE CAPITALes_ES
dc.titleCurrent account deficits: the Australian debate
dc.type.docArtículo
dc.file.nameBCCh-sbc-v12-p491_535


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Attribution-NonCommercial-NoDerivs 3.0 Chile
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivs 3.0 Chile