Herrmann, Sabine; Jochem, Axel - Deutsche Bundesbank - 2013
The paper evaluates current account dynamics in countries with different exchange rate regimes within the EU. In this …, the empirical analysis explicitly differentiates between countries with a flexible and a fixed exchange rate regime and … flexibility of exchange rates and interest rates. The sample covers annual data for 27 EU countries from 1994 to 2011. The …