Europe and Global Imbalances /

Although Europe in the aggregate is a not a major contributor to global current account imbalances, its trade and financial linkages with the rest of the world mean that it will still be affected by a shift in the current configuration of external deficits and surpluses. We assess the macroeconomic...

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Détails bibliographiques
Auteur principal: Lane, Philip
Autres auteurs: Milesi-Ferretti, Gian
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2007.
Collection:IMF Working Papers; Working Paper ; No. 2007/144
Accès en ligne:Full text available on IMF
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245 1 0 |a Europe and Global Imbalances /  |c Philip Lane, Gian Milesi-Ferretti. 
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300 |a 1 online resource (59 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a Although Europe in the aggregate is a not a major contributor to global current account imbalances, its trade and financial linkages with the rest of the world mean that it will still be affected by a shift in the current configuration of external deficits and surpluses. We assess the macroeconomic impact on Europe of global current account adjustment under alternative scenarios, emphasizing both trade and financial channels. Finally, we consider heterogeneous exposure across individual European economies to external adjustment shocks. 
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700 1 |a Milesi-Ferretti, Gian. 
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