Sustainability Of Current Deficits: A Literature Rewiev

It is also very important issue whether the current account deficit is sustainable as much as how much it is. Along with many approaches to qualifications for a sustainable current account deficit, there are some debates about the definition and character of sustainability in these approaches. While these discussions lead to the development of quite different methods for measuring the sustainability of the current account deficit, there is no general definition of sustainability for the current account deficit. However, some indicators may be used to measure sustainability although they may vary in different circumstances. Although these indicators do not allow for a clear interpretation, they have made it possible to make comprehensive assessments. The main aim of this study is to scan and compile the related literature