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A number of developing countries have run large and persistent current account deficits in both the late seventies/early eighties and in the early nineties, raising the issue of whether these persistent imbalances are sustainable. This paper puts forward a notion of current account sustainability and compares the experience of three Latin American countries -- Chile, Colombia and Mexico -- and three East Asian countries--Korea, Malaysia and Thailand. It identifies a number of potential sustainability indicators and discusses their usefulness in predicting external crises.
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This supplement presents time series going back to the mid-1980s for detailed debt service and debt stock data for both major country groups and more than 170 individual countries and territories. In addition, it provides data on net resource flows to major country groups.These data are reported to the OECD by the governments and credit institutions of its Member countries, and the main international organisations. Common reporting rules allow for a comprehensive and consistent account of external debt. This publication is therefore invaluable for international comparisons and country risk analysis.
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Agricultural credit --- Debt --- Peasants
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Public debt --- Sweden
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Public debt --- Sweden
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