Murai, Taiki; Schnabl, Gunther - In: Credit and Capital Markets – Kredit und Kapital 54 (2021) 3, pp. 347-373
The paper analyses the role of fiscal and monetary policy for the development of the current account imbalances in the … differently with the ECB's monetary policy have been at roots of first diverging and then converging current account positions in … of the ECB have contributed to the persistence of intra-euro area current account imbalances. …