Jaumotte, Florence; Sodsriwiboon, Piyaporn - International Monetary Fund (IMF) - 2010
The paper examines the causes, consequences, and potential cures of the large current account deficits in the Southern … the Euro, which enabled these countries to maintain investment rates, and thus run larger current account deficits, by … the global financial crisis has started to force some unwinding, the current account deficits are expected to remain high …