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Twin Deficits, Real Interest Rates and International Capital Mobility

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dc.contributor.author Fountas, Stilianos en
dc.date.accessioned 2010-07-15T13:35:17Z en
dc.date.available 2010-07-15T13:35:17Z en
dc.date.issued 2000 en
dc.identifier.citation Fountas, S. & Tsoukis, C. (2000) "Twin Deficits, Real Interest Rates and International Capital Mobility" (Working Paper No. 0049) Department of Economics, National University of Ireland, Galway. en
dc.identifier.uri http://hdl.handle.net/10379/1198 en
dc.description.abstract We argue that the interactions among the current account and budget balances and the real interest rate can provide more information about the effective degree of financial openness of an economy than simple saving-investment correlations. Cointegration tests reveal a variety of linkages between the variables across countries. A number of economies (Canada, Germany, Netherlands, and increasingly the UK) appear to be small and open, while Japan and the USA are effectively closed.The 'twin deficits' and 'current account targeting' hypotheses receive some support in the short run. en
dc.format application/pdf en
dc.language.iso en en
dc.publisher National University of Ireland, Galway en
dc.relation.ispartofseries working papers;0049 en
dc.subject Economics en
dc.subject International capital mobility en
dc.subject Twin deficits en
dc.subject Real interest rates en
dc.title Twin Deficits, Real Interest Rates and International Capital Mobility en
dc.type Working Paper en
dc.description.peer-reviewed peer-reviewed en

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