Adjustment in Euro Area Deficit Countries : Progress, Challenges, and Policies /

Imbalances within the euro area have been a defining feature of the crisis. This paper provides a critical analysis of the ongoing rebalancing of euro area 'deficit economies' (Greece, Ireland, Portugal, and Spain) that accumulated large current account deficits and external liability posi...

Full description

Bibliographic Details
Main Author: Tressel, Thierry
Other Authors: Kang, Joong, Shambaugh, Jay, Wang, Shengzu
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2014.
Series:Staff Discussion Notes; Staff Discussion Notes ; No. 2014/007
Online Access:Full text available on IMF