Current Accounts in a Currency Union /

A fear about EMU was that in the absence of national currencies, country-specific shocks would result in greater current account divergences between member states. This paper finds that divergences across euro-area countries are smaller and have not risen relative to those across 13 other advanced e...

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التفاصيل البيبلوغرافية
المؤلف الرئيسي: Decressin, Jorg
مؤلفون آخرون: Stavrev, Emil
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2009.
سلاسل:IMF Working Papers; Working Paper ; No. 2009/127
الوصول للمادة أونلاين:Full text available on IMF
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490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
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506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a A fear about EMU was that in the absence of national currencies, country-specific shocks would result in greater current account divergences between member states. This paper finds that divergences across euro-area countries are smaller and have not risen relative to those across 13 other advanced economies with more flexible exchange rates. Also, the size of country-specific current account shocks in EMU countries is smaller and their persistence is greater than in the other advanced economies. However, these differences in current account dynamics do not appear related to different exchange rate dynamics. 
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700 1 |a Stavrev, Emil. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2009/127 
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