Current account conveys the information regarding the actions and expectations of all market participants in open economy. This book applies the approach of Generalized Method of Moments to investigate the determinants of current account balances. The objectives of this research are to investigate the determinants of current account dynamics and to compare the determinants of current account between two groups of countries, i.e. countries with current account surpluses and countries with current account deficits. Research sample consists of ten countries has been used. These countries are...