External Imbalances in the Euro Area /

The paper examines the extent to which current account imbalances of euro area countries are related to intra-euro area factors and to external trade shocks. We argue that the traditional explanations for the rising imbalances are correct, but are incomplete. We uncover a large impact of declines in...

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Xehetasun bibliografikoak
Egile nagusia: Chen, Ruo
Beste egile batzuk: Milesi-Ferretti, Gian, Tressel, Thierry
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2012.
Saila:IMF Working Papers; Working Paper ; No. 2012/236
Sarrera elektronikoa:Full text available on IMF