Namibia

doi:10.5089/9781513513904.002

Namibia

IMF Staff Country Reports ◽

10.5089/9781513513904.002 ◽

2019 ◽

Vol 19 (295) ◽

Author(s):

Keyword(s):

Income Inequality ◽

Current Account ◽

Public Debt ◽

House Prices ◽

Strong Growth ◽

Current Account Deficits ◽

Development Prospects

Namibia’s economy is rebalancing, but significant challenges remain. The fiscal and current account deficits have narrowed, and credit and house prices growth has decelerated. However, public debt remains on a rising path, reserve coverage is below adequate levels, and growth has recently halted. Past years of strong growth masked slowing productivity and deteriorating external competitiveness, hindering the country’s development prospects; while income inequality and unemployment remain persistently high.

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Twin Deficits: Evidence From Portugal, Italy, Spain and Greece

Intereconomics ◽

10.1007/s10272-020-0924-y ◽

2020 ◽

Vol 55 (5) ◽

pp. 332-338

Author(s):

Konstantinos P. Panousis ◽

Minoas Koukouritakis

Keyword(s):

Empirical Analysis ◽

Current Account ◽

Public Debt ◽

Budget Deficits ◽

Government Budget ◽

Twin Deficits ◽

External Imbalances ◽

Eu Countries ◽

Current Account Deficits ◽

The Empirical Analysis

Abstract Since the mid-2000s, internal and external imbalances have increased in many EU countries. This contributed to the debate over whether government budget deficits affect current account deficits, known as twin deficits hypothesis. It implies that public debt is actually a burden for future taxpayers and thus a dangerous way for budget financing. Therefore, the fiscal measures implemented by policymakers may also affect the current account. This article tests the twin deficits hypothesis for Portugal, Italy, Spain and Greece for the period 1999–2017. The empirical analysis presented in the article finds evidence that strongly supports this hypothesis only for Italy and Greece. For Portugal and Spain, however, the evidence is quite weak.

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The World Economy

National Institute Economic Review ◽

10.1177/002795010519200103 ◽

2005 ◽

Vol 192 ◽

pp. 11-32

Keyword(s):

North America ◽

Exchange Rates ◽

Current Account ◽

Risk Premium ◽

World Economy ◽

Strong Growth ◽

Current Account Deficits ◽

The Us ◽

The World ◽

Major Shift

Growth in the world economy looks robust, with growth averaging over 4 per cent a year in the last 2 years and in the first two years of our forecast. Strong demand in North America is a major factor behind this growth, and it has been associated with increasing current account deficits for the US, as we can see in Chart 1. The emerging imbalances that this strong growth has produced present a major risk to the world economy as they may induce major realignments of exchange rates. We analyse the implications of a major shift in the risk premium on the dollar in Al-Eyd, Barrell and Pomerantz in this Review.

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Debt patterns of the peripheral economies of Europe: from the increased growth post-implementation of the Euro to the Great Recession

Brazilian Keynesian Review ◽

10.33834/bkr.v5i1.182 ◽

2019 ◽

Vol 5 (1) ◽

pp. 99

Author(s):

Yasmim Dalila Barbant ◽

Leonardo Flauzino de Souza

Keyword(s):

Current Account ◽

Economic Performance ◽

Great Recession ◽

Public Debt ◽

Private Debt ◽

Economic Agents ◽

The Great Recession ◽

Current Account Deficits ◽

European Periphery ◽

Public Deficits

<p>The main purpose of this article is to outline the specificities of the indebtedness process of each country of the European periphery — Greece, Italy, Ireland, Portugal, and Spain — that guided the behavior of the demand and the indebtedness of the domestic economic agents from 2000 to 2017. The main results indicated that from 2000 to 2008, all of the countries had foreign sector surpluses (current account deficits), which characterized distinct indebtedness processes of the domestic economic agents. The reversal of these processes was accompanied by larger public deficits and the replacement of private debt with public debt. With the exception of Ireland, the positive impacts on the economic performance of these countries between 2009 and 2017 came from the foreign sector through the devaluation of the euro in the period.</p>

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The Eurozone crisis: Causes and policy

Zbornik Matice srpske za drustvene nauke ◽

10.2298/zmsdn1240455g ◽

2012 ◽

pp. 455-469

Author(s):

Vladimir Grbic

Keyword(s):

Current Account ◽

Public Debt ◽

Eurozone Crisis ◽

The Public ◽

Current Account Deficits

Fiscal instability, the growth of the public debt, current account deficits, especially in countries which are largely on the periphery of the Eurozone: Portugal, Ireland, Italy, Greece and Spain, the so-called PIIGS countries, have opened numerous questions and provoked various measures for their resolution. The article focuses on the analysis of the causes of the crisis and considers two main approaches to the issue, the anti-crisis measures undertaken now in the Eurozone, but also the evaluation of their performance. The article also identifies the need to construct new, unconventional policies, which should effectively respond to the challenges, so certain measures have been proposed in this direction.

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Republic of Latvia

IMF Staff Country Reports ◽

10.5089/9781513509983.002 ◽

2019 ◽

Vol 19 (264) ◽

Author(s):

Keyword(s):

Current Account ◽

Public Debt ◽

Balance Sheet ◽

External Environment ◽

Financial System ◽

The Public ◽

Current Account Deficits

The economy continued to expand rapidly in 2018, as growth surprised with a strong construction-driven upswing. Fiscal and current account deficits are at manageable levels, as is the public debt. The financial system remains stable, despite a significant balance sheet restructuring of banks servicing foreign clients. The growth outlook is favorable, but risks weigh on the downside due to a less supportive external environment.

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