175
Views
1
CrossRef citations to date
0
Altmetric
Original Articles

Consumption smoothing, capital controls and the current account in Ghana

Pages 2601-2616 | Published online: 31 May 2008

References

  • Adedeji , S , Handa , J and Darku , A . 2005 . The Balance of Payments Analysis of Developing Economies: Evidence from Nigeria and Ghana , Aldershot, Hampshire : Ashgate Publishing Company .
  • Barro , R and Sala-i-Martin , X . 1990 . World real interest rates NBER Working Paper 3317
  • Bergin , P and Sheffrin , S . 2000 . Interest rates, exchange rates and present value models of the current account . The Economic Journal , 110 : 535 – 58 .
  • Callen , T and Cashin , P . 1999 . Assessing external sustainability in India IMF Working Paper 181
  • Campbell , J . 1987 . Does saving anticipate declining labour income? An alternative test of the permanent income hypothesis . Econometrica , 55 : 1249 – 74 .
  • Campbell , J and Mankiw , N . 1989 . “ Consumption, income, and interest rates: Reinterpreting the time series evidence ” . In NBER Macroeconomics Annual , 185 – 215 . Cambridge, MA : MIT Press .
  • Campbell , J and Shiller , R . 1987 . Cointegration and test of present value models . Journal of Political Economy , 95 : 1062 – 88 .
  • Campbell , J , Lo , A and MacKinlay , A . 1997 . The Econometrics of Financial Markets Princeton University Press, Princeton, NJ
  • Dornbusch , R . 1983 . Real interest rates, home goods and optimal external borrowing . Journal of Political Economy , 91 : 141 – 53 .
  • Ghartey , E . 1987 . Devaluation as a balance of payments correction measure in developing countries: A study relating to Ghana . Applied Economics , 19 : 937 – 47 .
  • Ghosh , A . 1995 . International capital mobility among the major industrialized countries: Too little or too much? . Economic Journal , 105 : 107 – 28 .
  • Ghosh , A and Ostry , J . 1995 . The current account in developing countries: a perspective from the consumption-smoothing approach . World Bank Economic Review , 9 : 305 – 33 .
  • Handa , J . 2005 . The intertemporal approach to the current account: An application to ghana . Mimeo ,
  • Harrigan , J and Oduro , A . 1997 . “ Exchange rate policies and the balance of payments in ghana: 1972–1996 ” . In Discussion Paper Series No. 9725 , The University of Manchester, School of Economic Studies .
  • Huang , C . 1993 . An empirical study on Taiwan's current account: 1961–90 . Applied Economics , 25 : 927 – 36 .
  • Huang , C and Lin , K . 1993 . Deficits, government expenditures, and tax smoothing in the United States: 1929–1988 . Journal of Monetary Economics , 31 : 317 – 39 .
  • Jebuni , C , Oduro , A and Tutu , K . 1994 . Trade and payments regime and the balance of payments in Ghana . World Development , 22 : 1161 – 73 .
  • Obstfeld , M and Rogoff , K . 1996 . Foundations of International Macroeconomics , Cambridge, MA : The MIT Press .
  • Ostry , J and Reinhart , C . 1992 . Private Savings and Terms of Trade Shocks: Evidence from Developing Countries . IMF Staff Papers , 39 : 495 – 517 .
  • Otto , G and Voss , G . 1995 . Consumption, external assets and the real interest rates . Journal of Macroeconomics , 17 : 471 – 94 .
  • Sheffrin , S and Woo , W . 1990 . Present value tests of an intertemporal model of the current account . Journal of International Economics , 29 : 237 – 53 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.