Current Account Balances, Financial Development and Institutions: Assaying the World "Savings Glut"

By M. Chinn, Hiro Ito. 2007

414 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/cd661fe7cb1f0ac25a1f6a6d848f50ea5714f8f4

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

In Finance

Citations in the corpus

Global imbalances and the financial crisis: products of common causes (2009, background): “See Chinn and Ito (2007) and Gruber and Kamin (2007).”
A Forensic Analysis of Global Imbalances (2011, methodology): “Using a structural model while controlling for the level of financial development and openness as well as institutional development, Chinn and Ito (2007) provide evidence against the argument that emerging market countries, especially those in East Asia, will experience lower rates of saving once…”
Monetary Policy Spillovers and the Trilemma in the New Normal: Periphery Country Sensitivity to Core Country Conditions (2016, positive): “As Caballero-Farhi-Gourinchas (2008) theoretically predict and Chinn and Ito (2007) empirically show, both Financial and legal development are important factors for the volume and directions of cross-border capital flows.”
External Adjustment and the Global Crisis (2011, neutral): “Our paper is also related to the burgeoning empirical literature seeking to explain medium-term current account behavior across countries (see, for example, Chinn and Prasad, 2003, Gruber and Kamin, 2007, Chinn and Ito, 2007, Lee et al, 2008 and Gagnon, 2011).”
China's Current Account and Exchange Rate (2009, positive): “Chinn and Ito (2007) argue that China’s current account surplus over the 2000 to 2004 period—while exceeding the predicted value—was within the statistical margin of error, according to a model of the current account based upon the determinants of saving and investment.3 The current account balance…”
Does economic freedom fosters banks’ performance? Panel evidence from Malaysia (2010, neutral): “The limited research in this area is somewhat surprising given the importance of bank lending in promoting economic development (e.g. Chinn and Ito, 2007; Beck et al., 2000; Levine, 2005; Beck and Levine, 2004; Cetorelli and Gambera, 2001; Rajan and Zingales, 1998; Levine, 1998; Levine and Zervos,…”
International Finance and Income Convergence: Europe is Different (2007, neutral): “A. Empirical Approach We begin with a reduced form specification similar to that proposed by Chinn and Prasad (2003) and widely used with small variations by, among others, Chinn and Ito (2005), and Gruber and Kamin (2005).”
Income inequality as a cause of the Great Recession?: A survey of current debates (2012, neutral): “Chinn and Ito (2007) estimate a panel for 19 industrial and 70 developing countries covering the period 1971 to 2004.”
Asset Prices, Exchange Rates and the Current Account (2007, background): “…gross international asset positions (Lane and Milesi-Ferretti, 2005; Gourinchas and Rey, 2007), while others underline the role of precautionary motives due to uncertainty and demographics as a rationale for the high saving rates in several EMEs (e.g. Gruber and Kamin, 2007; Chinn and Ito, 2007).”