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Current Account Imbalances : A New Approach to Assess External Debt Sustainability

Semmler, Willi - 2015

The aim of this paper is to analyze the external debt of three euro area economies, Italy, Spain, and Germany. To study …. Using our numerical solution method, we provide a calibration of the external debt sustainability for Italy, Spain, and …

Persistent link: https://www.econbiz.de/10013014701

The macroeconomics of saving, debt and financial development

Jauch, Sebastian - 2013

Persistent link: https://www.econbiz.de/10010212055

The role of internal devaluation in correcting external deficits : the case of Spain

Villanueva, Paloma; Cárdenas, Luis; Uxó González, Jorge - In: Structural change and economic dynamics : SC+ED 54 (2020), pp. 282-296

Persistent link: https://www.econbiz.de/10012499704

Target Loans, Current Account Balances and Capital Flows : The Ecb's Rescue Facility

Sinn, Hans-Werner - 2011

destroyed the Bretton Woods System. Greece, Ireland, Portugal, Spain and Italy have suffered from balance-of-payments deficits …

Persistent link: https://www.econbiz.de/10013118098

Growth and Imbalances in Spain : A Reassessment of the Output Gap

Alberola, Enrique - 2014

called ‘The Great Moderation'. In Spain, a similar pattern was observed: in fact, potential growth estimates were trending … of macroeconomic imbalances, therefore provided misleading signals to the policymakers. In this paper we apply to Spain a …

Persistent link: https://www.econbiz.de/10013049939

An Anatomy of the Spanish Current Account Adjustment : The Role of Permanent and Transitory Factors

Moral-Benito, Enrique - 2017

This paper aims to identify how much of the recent current account adjustment in Spain can be explained by cyclical …

Persistent link: https://www.econbiz.de/10012944482

An Iberian Disease? On Current Account Imbalances Within a Monetary Union

Coimbra, Nuno - 2010

During the process of accession to the Eurozone, some member countries experienced a rapid increase in credit availability fueled by the fast convergence of interest rates. This was accompanied by large current account deficits and booms in the housing sector. This paper argues that these...

Persistent link: https://www.econbiz.de/10013137267

BOP’s Current Account Adjustment in Greece, Italy, and Spain : The Socio-Economic Costs

Gechev, Vasil - 2022

During the 2008-2019 period Greece, Italy, and Spain managed to achieve substantial improvements in their CA balances …. In Greece, the CA deficit shrunk from €36.6 billion to €2.7 billion, and in Italy and Spain the deficits were gradually … transformed into surpluses. While the CA dynamics in Greece, Italy, and Spain may be considered a positive development in a narrow …

Persistent link: https://www.econbiz.de/10014030268

Current Account and Comsumption-Smoothing in Ecuador Through Co-Integration Relations (In Spanish)

Velastegui-Martinez, Luis A. - 2010

The report analyzes the relation between private consumption and the current account, regarding it as the external savings of economy. The study is carried out through of an inter-temporal current account model, which is derived from the Permanent Income Theory. This approach, according to the...

Persistent link: https://www.econbiz.de/10014189986

External sustainability in Spanish economy : bubbles and crises, 1970-2020

Esteve García, Vicente; Prats, María A. - In: Review of international economics 31 (2023) 1, pp. 60-80

Persistent link: https://www.econbiz.de/10014278121