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Germany for being responsible for the current eurozone crisis are not supported by the data. Furthermore, current accounts are … do not determine the current account balance, bilateral capital flows between member countries of the eurozone are not …
Persistent link: https://www.econbiz.de/10009689201
This study examines the relationship between current-account imbalances and economic growth during the 2008-2009 financial and economic crisis for 179 countries (covered by IMF data) and within the EU-27 countries (covered by Eurostat data). The countries are divided into 4 groups by GDP per...
Persistent link: https://www.econbiz.de/10010406280
Deutschland wird aufgrund seiner Leistungsbilanzüberschüsse als Mitverursacher der Krise in der Europäischen … to be a key indicator of the internal imbalances of the eurozone. German current account surplusses are confronted with … current account deficits in the GIIPS countries. But Germany's current account surplus vis-à-vis these countries has rapidly …
Persistent link: https://www.econbiz.de/10009617960
economies, while Germany and the Netherlands ran large surpluses. These imbalances are larger and more sustained than those …
Persistent link: https://www.econbiz.de/10012443026
deficits by historical standards, while Finland, Germany and the Netherlands had substantial surpluses. Some of these deficits …
Persistent link: https://www.econbiz.de/10012444092
This chapter surveys recent research on international financial crises. A financial crisis is characterized by a sudden, dramatic outflow of financial resources from an economy with an open capital account. This outflow may be primarily driven by the expectation of a large nominal devaluation,...
Persistent link: https://www.econbiz.de/10014025374
A simple econometric framework is presented linking current account balances of euro area countries to intra and extra euro area competitiveness, cyclical positions, fiscal positions and the oil price. The framework is then used to cyclically-adjust observed current account balances and...
Persistent link: https://www.econbiz.de/10009767761
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