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Inter-temporal savings, current account trends and asymmetric shocks in a heterogeneous European Monetary Union

Schnabl, Gunther; Zemanek, Holger - In: Intereconomics : review of European economic policy 46 (2011) 3, pp. 153-160

This paper contributes to the discussion on the European current account imbalances by analysing the intra-European trends since 1990 based on the theory of optimum currency areas. The authors show that German unification was the origin of not only the 1992-93 EMS crisis but also rising...

Persistent link: https://www.econbiz.de/10009760197

Fiscal divergence, current account divergence and TARGET2 imbalances in the EMU

Abad, José M.; Löffler, Axel; Schnabl, Gunther; … - In: Intereconomics : review of European economic policy 48 (2013) 1, pp. 51-58

Diverging fiscal policy paths, housing booms and diverging unit labour costs were driving forces of rising intra-European current account imbalances, which were underpinned by low interest rates. Since the outbreak of the crisis, the adjustment of intra-EMU current account imbalances has been...

Persistent link: https://www.econbiz.de/10009704974

External imbalances in the EU : A REER-based explanation

Kutasi, Gábor - In: Intereconomics : review of European economic policy 50 (2015) 5, pp. 301-308

The debt crisis of the eurozone revealed a structural problem of the single market rooted in the external imbalance … problem of indebted member states. The assumption of this paper is that the current account imbalances within the eurozone are … based on an intra-eurozone competitiveness disparity originated in the single currency and the heterogeneity of member state …

Persistent link: https://www.econbiz.de/10011346632

The US current account deficit: a fundamentally flawed development?

Brück, Christiane - In: Intereconomics : review of European economic policy 37 (2002) 4, pp. 223-228

Persistent link: https://www.econbiz.de/10015105660

Current account deficits in Greece, Portugal and Spain : origins and consequences

Busch, Berthold; Grömling, Michael; Matthes, Jürgen - In: Intereconomics : review of European economic policy 46 (2011) 6, pp. 354-360

surveillance and connected reform criteria should be applied symmetrically, to all members of the eurozone, or whether they should …

Persistent link: https://www.econbiz.de/10010220223

West Germany : surplus on current account

In: Intereconomics : review of European economic policy 18 (1983) 2, pp. 97-98

Persistent link: https://www.econbiz.de/10011552098

On current account imbalances

Horn, Gustav A. - In: Intereconomics : review of European economic policy 53 (2018) 3, pp. 155-158

other eurozone countries and led to a continuous improvement in the German economy’s price competitiveness relative to its … fellow eurozone members. …

Persistent link: https://www.econbiz.de/10011871755

Current account deficits in the new member states : causes and consequences

Shelburne, Robert C. - In: Intereconomics : review of European economic policy 44 (2009) 2, pp. 90-95

Persistent link: https://www.econbiz.de/10009626651

Global imbalances and global governance

Lane, Philip R. - In: Intereconomics : review of European economic policy 44 (2009) 2, pp. 77-81

Persistent link: https://www.econbiz.de/10009626653

Twin deficits : evidence from Portugal, Italy, Spain and Greece

Panousis, Konstantinos P.; Kukuritakēs, Minōas - In: Intereconomics : review of European economic policy 55 (2020) 5, pp. 332-338

Since the mid-2000s, internal and external imbalances have increased in many EU countries. This contributed to the debate over whether government budget deficits affect current account deficits, known as twin deficits hypothesis. It implies that public debt is actually a burden for future...

Persistent link: https://www.econbiz.de/10012315621