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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Bibliografiska uppgifter
Huvudupphovsman: Chen, Ruo
Övriga upphovsmän: Milesi-Ferretti, Gian, Tressel, Thierry
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 2012.
Serie:IMF Working Papers; Working Paper ; No. 2012/236
Länkar:Full text available on IMF