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The balance-of-payments constraint: from balanced trade to sustainable debt

Nelson H. Barbosa‐Filho

PSL Quarterly Review2001https://doi.org/10.4324/9780203495360-14article
AJG 1
Weight
0.43

What the paper says

This paper extends the balance-of-payments constraint on growth known as Thirlwall's law to incorporate unbalanced trade and debt accumulation. Assuming that small open economies face a liquidity constraint, the text shows the growth and real-exchange-rate policy rules consistent with a stable ratio of net exports to income. Given such rules, the text shows how the trade balance of a small open economy is residually determined by the ratio of foreign debt to income allowed by international conditions. JEL Codes: F32, F41

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https://doi.org/https://doi.org/10.4324/9780203495360-14

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@article{nelson2001,
  title        = {{The balance-of-payments constraint: from balanced trade to sustainable debt}},
  author       = {Nelson H. Barbosa‐Filho},
  journal      = {PSL Quarterly Review},
  year         = {2001},
  doi          = {https://doi.org/https://doi.org/10.4324/9780203495360-14},
}

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The balance-of-payments constraint: from balanced trade to sustainable debt

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Evidence weight

0.43

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.27 × 0.4 = 0.11
M · momentum0.64 × 0.15 = 0.10
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.