current account

Publication date: 4 Nov 2015 | Publication type: National Institute Economic Review | External authors: Lane, P R | JEL classification: E01, F20, F40, F62 | Journal: National Institute Economic Review Issue 234 | Publisher: Sage Publications, London
A drop in net FDI investment income has been the primary factor in the recent deterioration in the measured UK current account balance, with the trade balance relatively stable. We argue that financial engineering (with little net impact on the underlying international investment position for the...
Publication date: 26 Mar 2010 | Publication type: NIESR Discussion Paper | Authors: Barrell, R, Davis, P, Liadze, I | External authors: D, Karim | JEL classification: C52, E58, G21 | NIESR discussion paper number: 351
Given the magnitude of 'global imbalances' in the run-up to the subprime crisis, we test for an impact of the current account balance on the probability of banking crises in OECD countries since 1980. This variable has been neglected in most early warning models to date, despite its...