Alberola, E., Cervero, S.G., Lopez, H., Ubide, A., 1999, Global equilibrium exchange rates: Euro, Dollar, 'ins', 'outs' and other major currencies in a panel cointegration framework, IMF Working Paper 99/175.
Arghyrou, M. G., Chortareas, G., 2008, Current Account Imbalances and Real Exchange Rates in the Euro Area, Review of International Economics 16(4), 747-764.
Bénassy-Quéré, A., Béreau, S., Mignon, V., 2009, Robust estimations of equilibrium exchange rates within the G20: A panel BEER approach, Scottish Journal of Political Economy 56(5), 608633.
Bénassy-Quéré, A., Lahrèche-Révil, A., Mignon, V., 2011, World-consistent equilibrium exchange rates, Journal of the Japanese and International Economies 25(2), 12-32.
Belke, A., Dreger, C., 2011, Current account imbalances in the euro area: Catching up or competitiveness?, Ruhr Economic Paper (241).
Blanchard, O. J., 1985, Debt, deficits and finite horizons, The Journal of Political Economy 93(2), 223-247.
Blanchard, O., Giavazzi, F., 2002, Current account deficits in the euro area: the end of the Feldstein-Horioka puzzle?, Brookings Papers on Economic Activity 2, 147-209.
Branson, W. H., 1981, Macroeconomic Determinants of Real Exchange Rates, NBER Working Paper No 801.
Bussière, M., Fratzscher, M., Müller, G., 2004, Current account dynamics in OECD and EU acceding countries-an intertemporal approach, ECB Working Paper No. 311.
Ca' Zorzi, M., Chudik, A., Dieppe, A., 2012, Thousands of models, one story: Current account imbalances in the global economy, Journal of International Money and Finance 31(6), 13191338.
Cheung, Y. W., Chinn, M. D., Fujii, E., 2010, China's current account and exchange rate, in: China's Growing Role in World Trade, University of Chicago Press, 231-271.
Chinn, M. D., Prasad, E. S., 2003, Medium-term determinants of current accounts in industrial and developing countries: an empirical exploration, Journal of International Economics 59(1), 4776.
Chinn, M. D., Wei, S-J., 2008, A Faith-based Initiative: Does a Flexible Exchange Rate Regime Really Facilitate Current Account Adjustment?, NBER Working Paper No 14420.
Clarida, R. H., Goretti, M., Taylor, M. P., 2007, Are there thresholds of current account adjustment in the G7?, in: Clarida, R. H. (ed.), G7 current account imbalances: Sustainability and adjustment, Chicago University Press, 169-204.
Clark, P. B., MacDonald, R., 1998, Exchange Rates and Economic Fundamentals: A Methodological Comparison of BEERs and FEERs, IMF Working Paper 98/67.
- Croke, H., Kamin, S., Leduc, S., 2005, Financial market developments and economic activity during current account adjustments in industrial economies, Federal Reserve Board, International Finance Discussion Paper 827.
Paper not yet in RePEc: Add citation now
De Haan, L., Schokker, H., Tcherneva, A., 2008, What Do Current Account Reversals in OECD Countries Tell Us About the US Case?, The World Economy 31(2), 286-311.
Debelle, G., Galati, G., 2005, Current Account Adjustment and Capital Flows, BIS Working Paper 169.
Decressin, J., Stavrev, E., 2009, Current Accounts in a Currency Union, IMF Working Paper 09/127.
Dornbusch, R., Fischer, S., 1980, Exchange rates and the current account, The American Economic Review 705, 960-971.
Edwards, S., 2004, Thirty Years of Current Account Imbalances, Current Account Reversals and Sudden Stops, IMF Staff Papers 51, 1-49.
Edwards, S., 2005, Is the US current account deficit sustainable? And if not, how costly is adjustment likely to be?, NBER Working Paper No 11541.
Edwards, S., 2007, On current account surpluses and the correction of global imbalances, NBER Working Paper No 12904.
Freund C., Warnock, F., 2007, Current Account Deficits in Industrial Countries: The Bigger They Are, The Harder They Fall?, NBER Chapters, in: G7 Current Account Imbalances: Sustainability and Adjustment, National Bureau of Economic Research, 133-168.
Freund, C., 2005, Current account adjustment in industrial countries, Journal of International Money and Finance 248, 1278-1298.
- Friedman, M., 1953, The case for flexible exchange rates, in: Friedman, M. (ed.), Essays in Positive Economics, University of Chicago Press, Chicago, 157-203.
Paper not yet in RePEc: Add citation now
Gagnon, J. E., 2011, Current Account Imbalances Coming Back, Working Paper Series WP11-1, Peterson Institute for International Economics.
Ghosh, A. R., Qureshi, M. S., Tsangarides, C.G., 2013, Is the exchange rate regime really irrelevant for external adjustment?, Economics Letters 1181, 104-109.
Goldstein, M., Lardy, N. 2006, China's exchange rate policy dilemma, The American Economic Review 962, 422-426.
González, A., Teräsvirta, T., van Dijk, D., 2005, Panel Smooth Transition Regression Models, Research Paper Series 165, Quantitative Finance Research Centre, University of Technology, Sydney.
Gruber, J. W., Kamin, S. B., 2007, Explaining the global pattern of current account imbalances, Journal of International Money and Finance 264, 500-522.
Hansen, B., 1999, Threshold effects in non-dynamic panels: Estimation, testing, and inference, Journal of Econometrics 932, 345-368.
- Holtemöller, O., Mallick, S., 2012, Exchange rate regime, real misalignment and currency crises, Economic Modelling, forthcoming.
Paper not yet in RePEc: Add citation now
- Kao, C., Chiang, M. H., 2000, On the estimation and inference of a cointegrated regression in panel data, Advances in econometrics 15, 179-222.
Paper not yet in RePEc: Add citation now
Lane, P. R., Milesi-Ferretti, G. M., 2012, External adjustment and the global crisis, Journal of International Economics 882, 252-265.
Méjean, I., Rabanal, P., Sandri, D., 2011, Current Account Rebalancing and Real Exchange Rate Adjustment between the US and Emerging Asia, IMF Working Paper, 1-29.
- MacDonald, R.. 1997, What determines the real exchange rate? The long and the short of it, IMF Working Paper 97/21.
Paper not yet in RePEc: Add citation now
Mark, N., Sul, D., 2003, Cointegration vector estimation by panel Dynamic OLS and long-run money demand, Oxford Bulletin of Economics and Statistics 65, 655-680.
Milesi-Ferretti, G. M., Razin, A., 1998, Current Account Reversals and Currency Crises: Empirical Regularities, NBER Working Paper 6620.
- Mundell, R. A., 1961, A theory of optimum currency areas, The American Economic Review 514, 657-665.
Paper not yet in RePEc: Add citation now
Mussa, M., 2005, Sustaining global growth while reducing external imbalances, in: Bergsten C.F. (ed.), The United States and the World Economy: Foreign Economic Policy for the Next Decade, Institute for International Economics, Washington, 175-207.
Obstfeld, M., Rogoff, K. S., 1996, Foundations of international macroeconomics, Vol. 30. Cambridge, MA: MIT press.
Obstfeld, M., Rogoff, K. S., 2005, The Unsustainable US Current Account Position Revisited, Working Paper, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley.
- Obstfeld, M., Rogoff, K. S., 2007, The Unsustainable U.S. Current Account Position Revisited, NBER Chapters, in: G7 Current Account Imbalances: Sustainability and Adjustment, 339-376.
Paper not yet in RePEc: Add citation now
Pancaro, C., 2013, Current account reversals in industrial countries. Does the exchange rate regime matter?, European Central Bank, Working Paper series No1547.
- Pesaran, M. H., Shin, Y., Smith, R. P., 1999, Pooled mean group estimation of dynamic heterogeneous panels, Journal of the American Statistical Association 94446, 621-634.
Paper not yet in RePEc: Add citation now
- Rodriguez, C. A., 1980, The role of trade flows in exchange rate determination: A rational expectations approach, The Journal of Political Economy, 1148-1158.
Paper not yet in RePEc: Add citation now
- Stevens G., 2011, Les déséquilibres mondiaux vus au travers du prisme de l'épargne et de l'investissement, Revue de la stabilité financière 15, Banque de France.
Paper not yet in RePEc: Add citation now