Abstract
AbstractThis paper explores the impact of international trade and financial networks on the current account balances. The network centrality measures are computed based on the structure and volume of trade and financial flows among the countries. A more central position in the international trade network improves the current account balance in developed countries but has no impact on the current account in developing countries. A more central position in the international financial network improves the current account balance in developed and developing countries. Besides, the impact of the international financial network on the current account has become stronger over time.
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