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An Investigation of Current Account Solvency in Latin America Using Non Linear Nonstationarity Tests
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Georgios E Chortareas
Veröffentlicht/Copyright:
1. März 2004
Using a new methodology that allows nonlinearities, we find frequent support for external debt sustainability in a number of Latin American countries. Our findings reverse the results for several countries, obtained with traditional unit-root tests and present a richer framework for evaluating the external solvency of an economy. Our results also provide some justification for the assumption the international current accounts are based on.
Published Online: 2004-3-1
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
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- The ARAR Error Model for Univariate Time Series and Distributed Lag
- Inferring the Forward Looking Equity Risk Premium from Derivative Prices
- An Investigation of Current Account Solvency in Latin America Using Non Linear Nonstationarity Tests
- Switching Regimes in the Term Structure of Interest Rates during U.S. Post-War: A Case for the Lucas Proof Equilibrium?
Artikel in diesem Heft
- Article
- Private Information and High-Frequency Stochastic Volatility
- The ARAR Error Model for Univariate Time Series and Distributed Lag
- Inferring the Forward Looking Equity Risk Premium from Derivative Prices
- An Investigation of Current Account Solvency in Latin America Using Non Linear Nonstationarity Tests
- Switching Regimes in the Term Structure of Interest Rates during U.S. Post-War: A Case for the Lucas Proof Equilibrium?
