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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Bibliographic Details
Online Access:Electronic book from EBSCO
Main Author: Chen, Ruo.
Other Authors: Milesi-Ferretti, Gian-Maria., Tressel, Thierry.
Format: eBook
Language:English
Published:[Washington, D.C.] : International Monetary Fund, ©2012.
Series:IMF working paper ; WP/12/236.
Subjects: