Timmer, Yannick - In: CES Working Papers 6 (2014) 2, pp. 165-191
This paper investigates the current account (CA) dynamics in the Euro Area by addressing three questions. First, are … the vast CA deficits of some Euro Area members still sustainable? Second, what has financed them? Third, what is the … of the CA deficits in the Euro Area and bank related net inflows seem to be highly associated. It is also found that CA …