The Current Account of the BoP includes the trade balance and the net dividend and interest payments abroad. A current account deficit implies that the country is a net debtor to the rest of the world. An econometric model is used to estimate the structural Current Account balance of Argentina and its long-term determinants
Structural Current Account
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The slump in oil and other commodity prices since mid-2014 is having an important impact on the current account balances (CAB) across the World. While the cyclical effects are already affecting the short-term financing needs of oil exporters in particular, the structural or permanent effects of the lower oil prices will aff…