Current Account, Capital Formation and Terms of Trade Shocks: a Revisit of the Harberger-Laursen-Metzler Effect

Terms of trade shocks and the current ac

Terms of trade shocks and the current account in a unified currency area

✍ L. Sahely; R. Darius; O. Williams 📂 Article 📅 2001 🏛 John Wiley and Sons 🌐 English ⚖ 87 KB

## Abstract The recent debate over the European Union's banana import regime that ensued following the World Trade Organization ruling that found it to be illegal, has implications for those developing countries that rely on preferential access to this market. This paper finds that for those territ