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