Current Account Imbalances and Structural Adjustment in the Euro Area: How to Rebalance Competitiveness
نویسندگان
چکیده
منابع مشابه
Special issue: The impact of the global crisis on competitiveness and current account divergences in the euro area
Special issue: The impact of the global crisis on competitiveness and current account divergences in the euro area
متن کاملSpecial issue: The impact of the global crisis on competitiveness and current account divergences in the euro area
Special issue: The impact of the global crisis on competitiveness and current account divergences in the euro area
متن کاملSaving Imbalances and the Euro Area Sovereign Debt Crisis
For several years prior to 2010, countries in the euro area periphery engaged in heavy borrowing from foreign private investors, allowing domestic spending to outpace incomes. Now these countries face debt crises refl ecting a loss of investor confi dence in the sustainability of their fi nances. The result has been an abrupt halt in private foreign lending to these economies. This study explai...
متن کاملCurrent account imbalances and international financial integration
International capital flows expanded strongly before the global financial crisis, and current account imbalances accumulated in key economies. The crisis triggered a contraction in capital flows, which often forced a painful adjustment on countries running high external deficits. This special issue of the Journal of International Money and Finance consists of seven papers that offer novel empir...
متن کاملTrade imbalances within the euro area and with respect to the rest of the world
a r t i c l e i n f o Keywords: Current account Trade balance vis-à-vis the euro area Trade balance vis-à-vis the rest of the world European monetary union Culture Institutions Many studies have explored the determinants of current account balances in Europe. However, only in a few studies has trade balance been decomposed into intra balance, trade balance vis-à-vis the euro area, and extra bal...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2009
ISSN: 1556-5068
DOI: 10.2139/ssrn.1400645