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Current accounts in the eurozone countries : the role of euro, fiscal policies and financial developments

Baxa, Jaromír; Olešňaník, Tomáš - 2014

Should we blame the euro for widening of current account deficits in the EMU? In this paper, we employ time-specific fixed effect estimator to study determinants of the current account deficits of the EU countries before and after adoption of the euro. Our aim is to assess to what extent the...

Persistent link: https://www.econbiz.de/10010429941

Macroeconomic policy making and current account imbalances in the euro area

Murai, Taiki; Schnabl, Gunther - 2021

The paper analyses the role of fiscal and monetary policy for the development of the current account imbalances in the euro area, including the most recent developments during the coronavirus crisis. Several financial transmission channels such as international bank lending, changes in TARGET2...

Persistent link: https://www.econbiz.de/10012550195

On the impact of the launch of the euro on EMU macroeconomic vulnerability

Morvillier, Florian - 2018

Persistent link: https://www.econbiz.de/10012241051

Pandora box: the eurozone and the euro crisis

McIntosh, Bryan; Ferretti, Fabrizio - In: Cogent economics & finance 3 (2015) 1, pp. 1-9

, the eurozone and beyond. We argue genesis of this crisis lies in the integration negotiations of 1991, ratified in 1992 …. These produced a flawed economic model within the eurozone. Given the seeds of decay were planted at origin; we argue the … solution can be found through a reconstructed eurozone via looser integration, where countries less equipped to deal with the …

Persistent link: https://www.econbiz.de/10011449877

Euro Area Imbalances

Mink, Mark - 2017

We argue that if currency union member states have different potential output per capita, output growth rates, or trade balances, the common monetary policy may not be optimal for all of them. Euro area imbalances for potential output and for trade balances are quite large, while output growth...

Persistent link: https://www.econbiz.de/10012963380

The Euro’s Effecton Trade Imbalances

Berger, Helge - 2010

When does trade become a one-way relationship? We study bilateral trade balances for a sample of 18 European countries over the period from 1948 through 2008. We find that, with the introduction of the euro, trade imbalances among euro area members widened considerably, even after allowing for...

Persistent link: https://www.econbiz.de/10014397576

The Euro - protective shield or trap : can a country's membership in the EMU be arrogated in cases of insolvency and permanent deficits on current account? ; Europe in crisis (Focus)

Seidel, Martin - In: CESifo forum : a bi-monthly journal on European … 12 (2011) 2, pp. 26-28

Persistent link: https://www.econbiz.de/10009261256

Competitiveness, adjustment and macroeconomic risk management in the eurozone

Spahn, Peter - 2013

history. The eurozone experience showed the emergence of large current account imbalances. The peculiar mixture of financial …

Persistent link: https://www.econbiz.de/10010255239

Effects of Euro devaluation on Eurozone exports

Anaraki, Nahid Kalbasi - In: International journal of economics and finance 6 (2014) 2, pp. 19-24

Persistent link: https://www.econbiz.de/10010257714

Wearing corset, losing shape : the euro's effect on trade imbalances

Berger, Helge; Nitsch, Volker - In: Journal of policy modeling : JPMOD ; a social science … 36 (2014) 1, pp. 136-155

Persistent link: https://www.econbiz.de/10010260078