BoE economists map current account dangers across OECD
Financial factors render some current account deficits more dangerous than others, research finds
Research by economists at the Bank of England points to the importance of understanding financial effects when assessing the dangers of large current account deficits.
The UK's current account deficit hit 7% of GDP in the fourth quarter of 2015, well beyond the 5% threshold that some papers have marked out as a danger zone.
Nevertheless, the analysis by external monetary policy committee member Kristin Forbes and economists Ida Hjortsoe and Tsvetelina Nenova implies clear-cut thresholds are
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