Purpose The purpose of this paper is to examine whether real exchange rate devaluation
improves the current account balance of four highly indebted low-income countries of East …

Fluctuations in the balance of payments are a reflection of the instability of the exchange
rate; crisis factors also greatly affect the deficit or surplus in the balance of payments. If the …

The lack of nominal exchange rate flexibility in the monetary union induced the growing
divergence of trade performance among the member countries. Intra-Eurozone current …

The paper examined whether the J-curve, Marshall-Lerner condition and Thirlwall
hypothesis hold for Nigeria, while also accounting for causality effects between the …

Sažetak The study investigated the determinants of the current account deficit from 1976 to
2020 for the economy of Pakistan, and its sustainability. The persistent deficit is necessary to …

One of key outcomes of open economy macroeconomics refers to a crucial importance of an
investment-saving relation affecting a current account determination. However, despite a …

Origins and implications of twin deficits occurrence in a large scale of countries seems to be
a center of rigorous empirical as well as theoretical investigation for decades. The reality of …

This paper empirically investigates the impact of Net Foreign Assets-NFA, Trade Openness-
OPEN, Nominal Exchange Rate-NER, and Domestic Relative Income-DRI on selected …

Purpose The purpose of this paper is to enhance our understanding of effects of
International Clearing Unions on the exchange market pressure (EMP). Using Asian …

This study empirically investigates the impact of macroeconomic and institutional variables
on the current account balances of nine selected developing Asian countries over the period …