Agenor, P.- R. , Bismut, C. and Cashin P. (1999)
“Consumption Smoothing and The Current Account:
Evidence for France, 1970-1996” Journal of International
Money and Finance, 18:1-12.
Ahmed, S. and Rogers J. H.(1995) “Government
Budget Deficits and Trade Deficits Are Present Value
Constraints Satisfied in Long-Term Data?” Journal of
Monetary Economics, 36:351-374.
Baglioni, A. and Cherubini U.(1993) “Intertemporal
Budget Constraints and Public Debt Sustainability: The
case of Italy” Applied Econometrics, 25:275-283.
Bergin, B.(2003) “Devaluations and Consumption
Smoothing” Review of International Economics, 11:875-
884.
Bergin, P. and Sheffrin, S. (2000) “Interest Rates and
Present Value Models of The Current Account”, The Economic
Journal, 110:535-558.
Campbell, J. Y. Shiller, R. J.(1991) “Yield Spreads
and Interest Rate Movements: A Bird’s Eye View” The
Review of Economic Studies, 58:495-14.
Campbell, J. Y. Shiller, R.J (1987) “Cointegration
and Tests of Present Value Models” Journal of Political
Economy, 95:1062-88.
Campbell, J.Y. (1987) “Does Saving Anticipate Declining
Labour Income? An Alternative Test of The Permanent
Income Hypothesis”, Econometrica, 55:1249-73.
Cashin, P. McDermott, J. (1998) “Are Australia’s
Current Account Deficits Excessive” The Economic Record,
74:346-61.
Cashin, P. McDermott, J. (2002) “Intertemporal
Consumption Smoothing and Capital Mobility:
Evidence From Australia” Australian Economic Papers,
41:82-98.
Dickey, D.A. and Fuller, W.A. (1981) “Distribution
of the Estimators for Autoregressive Time Series with A
Unit Root”, Econometrica, 49:1057-72.
Ghosh, A.R. and Ostry, J.D. (1995) “The Current
Account in Developing Countries: A Perspective from
Consumption- Smoothing Approcah” Worldbank Economic
Review, 9:305-33.
Ghost, A. R. Ostry, J. D. (1997) “Macroeconomic
Uncertainty, Precautionary Saving, and The Current Account”
Journal of Monetary Economics, 40:121-39.
Ghost, A. R. (1995) “International Capital Mobility
Amongst The Major Industrazlized Countries: Too Little
or Too Much?” The Economic Journal, 105:107-28.
Hamilton, J. D. and Flavin, M. A.(1986) “On the
Limitations of Government Borrowing: A Framework
for Empirical Testing” The American Economic Review,
76:808-819.
Hussein, K. A. Luiz, R. De Mello, J.(1999) “International
Capital Mobility in Developing Countries:
Theory and Evidence” Journal of International Money and
Finance, 8:367-81.
Makrydakis, S. (1999) “Consumption-Smoothing
and The Excessiveness of Greece’s Current Account Deficits”
Empirical Economics, 24:183-09.
Milbourne, R. and Otto, G. (1992) “Consumption
Smoothing and the Current Account” Australian Economic
Papers, 31:369-83.
Sach, J. (1982) “The Current Account in Macroeconomic
Adjustment Process” Scandinavian Journal of
Economics, 84:147-59.
Selçuk, F.(1997) “Consumption Smoothig and The
Current Account: Turkey’s Experience, 1987-1995”,
Middle East Technical University in Development, 24:519-
29.
Shiller, R. J.(1981) “Do Stock Prices Move Too
Much to be Justified by Subsequent Changes in Dividends?”
American Economic Review, 71, 421-36.
Shiller, R. J.(1987) “Cointegration and Tests of Present
Value Models” The Journal of Political Economy, 95:
1062-88.
Trehan, B. and Walsh, C. E.(1993) “Testing Intertemporal
Budget Constraints: Theory and Applications
to U.S. Federal Budget and Current Account Deficits”
Journal of Money Credit and Banking, 23:206-223.
Wilcox, D. W.(1989) “The Sustainability of Government
Deficits: Implications of the Present-Value Borrowing
Constraint” Journal of Money, Credit and Banking,
21:291-306.
