Belke, Ansgar; Dreger, Christian - Rheinisch-Westfälisches Institut für … - 2011
paneleconometric techniques. In line with the intertemporal approach to the current account, low income countries tend to run deficits …In the debate on global imbalances, the euro area countries did not receive much attention so far. While the current … account is on balance for the entire area, divergences between individual member states have increased since the introduction …