Progress Towards External Adjustment in the Euro Area Periphery and the Baltics /

The euro area periphery countries and the Baltic countries, which had large current account deficits in the run-up to the crisis, needed adjustment of relative prices to achieve both internal and external balances. Thus far, tangible progress has been made through lower wages and/or higher productiv...

Descrizione completa

Dettagli Bibliografici
Autore principale: Kang, Joong
Altri autori: Shambaugh, Jay
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2014.
Serie:IMF Working Papers; Working Paper ; No. 2014/131
Accesso online:Full text available on IMF