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Let's blame Germany for its current account surplus!?

Jost, Thomas - 2014

Germany is often criticized for its large current account surpluses. The surpluses are caused by differences in … economic growth between Germany and its major trading partners, the innovative strength of German enterprises, as well as … Economic and Monetary Union (EMU) induced large net capital exports of Germany into the peripheral economies which mirrored the …

Persistent link: https://www.econbiz.de/10010369264

Causes and Consequences of Global Imbalances: Perspective from Developing Asia

Adams, Charles; Park, Donghyun - 2009

Global current account imbalances are one of the key macroeconomic imbalances that underlie the global financial crisis. The central objective of this paper is to analyze the causes and consequences of global imbalances from the perspective of developing Asia. More specifically, we examine the...

Persistent link: https://www.econbiz.de/10010507261

Anmerkungen zu 'Irrungen und Wirrungen mit der Leistungsbilanzstatistik' von Georg Erber

Priewe, Jan - In: Wirtschaftsdienst 93 (2013) 1, pp. 52-59

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/10010516311

Financial crises and national policy issues: An overview

Ffrench-Davis, Ricardo - 2002

In this overview we try to explain, first, why funds continued to flow towards emerging economies while fundamentals in host countries had been deteriorating before the Asian crisis (rising external deficit, with a significant liquid component appreciating exchange rates; low capital formation,...

Persistent link: https://www.econbiz.de/10010279100

Trade liberalisation in Mexico: Rhetoric and reality

Pacheco-López, Penélope; Thirlwall, Anthony P. - 2004

This paper examines the process of trade liberalisation in Mexico, particularly since the mid-1980s and the signing of the NAFTA agreement, and its impact on economic performance. The average growth of GDP of the Mexican economy since liberalisation has been only one-half the rate...

Persistent link: https://www.econbiz.de/10010290687

Current-Account Imbalances and Economic Growth During the 2008-2009 Financial Crisis: an Empirical Analysis

Rangelove, Rossitsa - In: Contemporary Economics 8 (2014) 2, pp. 123-136

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/10010436067

Southern enlargement of the European Union and capital account liberalization: Lessons for Central and Eastern Europe

Buch, Claudia M.; Heinrich, Ralph P.; Piazolo, Daniel - 1998

The integration of the central and eastern European countries into the international capital markets has been and will be determined by the process of European Union (EU) integration. Our analysis shows that southern and eastern European countries already appear to be surprisingly similar...

Persistent link: https://www.econbiz.de/10010275422

Impact of services trade on India's economic growth and current account balance: Evidence from post-reform period

Thomas, Mini P. - 2016

Economic Growth and External Stabilisation (defined in terms of Current Account Balance as a percentage of GDP) is a top priority for policy-makers, while laying out the macroeconomic framework for Indian economy. Government of India had targeted for an average GDP growth rate of 9 percent and a...

Persistent link: https://www.econbiz.de/10011561796

Capital flows and economic growth in the era of financial integration and crisis: 1990 - 2010

Aizenman, Joshua; Jinjarak, Yothin; Park, Donghyun - 2011

We investigate the relationship between economic growth and lagged international capital flows, disaggregated into FDI, portfolio investment, equity investment, and shortterm debt. We follow about 100 countries during 1990-2010 when emerging markets became more integrated into the international...

Persistent link: https://www.econbiz.de/10010288124

Determinants and Costs of Current Account Reversals under Heterogeneity and Serial Correlation

Aßmann, Christian - 2007

Recent empirical evidence suggests that reversing current account balances imply costly adjustment processes leading to reduced economic growth. Using large panel data sets to analyze determinants and costs of reversals asks for controls of heterogeneity among countries. This paper contributes a...

Persistent link: https://www.econbiz.de/10010296281