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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Detalhes bibliográficos
Autor principal: Chen, Ruo
Outros Autores: Milesi-Ferretti, Gian, Tressel, Thierry
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2012.
Colecção:IMF Working Papers; Working Paper ; No. 2012/236
Acesso em linha:Full text available on IMF