Ahearne, Alan G.; Schmitz, Birgit; Hagen, Jürgen von - 2009
The dispersion in current account balances among countries in the euro area has widened markedly over the past decade …-and-a-half, and especially since 1999. We decompose current account positions for euro area countries into intra-euro-area balances … and extra-euroarea balances and examine the determinants of these balances. Regarding intra-euro-area balances, we present …