Zemanek, Holger; Belke, Ansgar; Schnabl, Gunther - 2010
In the past decade, a set of euro area countries has accumulated large current account deficits. After a brief … relaxation of the euro area internal imbalances in the wake of the financial crisis, it appears as if this pattern arises anew … readjustment of intra-euro area current account balances. A panel regression reveals a significant impact of structural reforms on …