The Measurement of External Accounts is popular PDF and ePub book, written by Gustavo Adler in 2019-06-28, it is a fantastic choice for those who relish reading online the Uncategoriezed genre. Let's immerse ourselves in this engaging Uncategoriezed book by exploring the summary and details provided below. Remember, The Measurement of External Accounts can be Read Online from any device for your convenience.
The Measurement of External Accounts Book PDF Summary
Growing international integration in trade and finance can challenge the measurement of external accounts. This paper presents a unified conceptual framework for identifying sources of mismeasurement of foreign investment income in current account balances. The framework allows to derive a precise definition of measurement distortions and an empirical strategy for estimating their importance. As an application, we empirically estimate two specific distortions related to inflation and retained earnings on portfolio equity for a broad set of countries. We find these may explain a non-trivial share of current account imbalances and that they are particularly relevant in countries with large external investment positions. We also discuss how merchanting and profit-shifting activities could lead to measurement distortions. We suggest areas for future research and underline the need to strengthen data collection efforts.
Detail Book of The Measurement of External Accounts PDF
- Author : Gustavo Adler
- Release : 28 June 2019
- Publisher : Unknown
- ISBN : 1498317456
- Genre : Uncategoriezed
- Total Page : 30 pages
- Language : English
- PDF File Size : 13,9 Mb
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