External Imbalances in the Euro Area is popular PDF and ePub book, written by Ms.Ruo Chen in 2012-10-09, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, External Imbalances in the Euro Area can be Read Online from any device for your convenience.
External Imbalances in the Euro Area Book PDF Summary
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 export competitiveness and asymmetric trade developments vis-à-vis the rest of the world –in particular vis-à-vis China, Central and Eastern Europe, and oil exporters- on the external balance of euro area debtor countries. While current account imbalances of euro area deficit countries vis-à-vis the rest of the world increased, they were financed mostly by intra-euro area capital inflows (in particular by the purchase of government and financial institutions’ securities, and cross-border interbank lending) which permitted external imbalances to grow over time.
Detail Book of External Imbalances in the Euro Area PDF
- Author : Ms.Ruo Chen
- Release : 09 October 2012
- Publisher : International Monetary Fund
- ISBN : 9781475512120
- Genre : Business & Economics
- Total Page : 76 pages
- Language : English
- PDF File Size : 18,8 Mb
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