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Trade Imbalances within the Euro Area and with Respect to the Rest of the World

Nieminen, Mika - 2014

Many studies have explored the determinants of current account balances in Europe. However, only in a few studies have trade imbalances been decomposed into intra balances, trade balances vis-à-vis the euro area, and extra balances, trade balances vis-à-vis the rest of the world. In this...

Persistent link: https://www.econbiz.de/10013060713

The Economic and Monetary Union and Global Macroeconomic Imbalances

Andor, László - 2021

perspective of external imbalances. The paper explains what steps and measures made the eurozone recovery possible and why there … and the extension of the Grand Coalition in Germany. The chapter draws conclusions regarding the unifying role of the … states of the EU, France and Germany, and more importantly, by the crisis-time divergence between euro area North and South …

Persistent link: https://www.econbiz.de/10013249613

The Euro Imbalances and Financial Deregulation : A Post-Keynesian Interpretation of the European Debt Crisis

Caldentey, Esteban Pérez - 2012

. Underpinned by a process of monetary unification and financial deregulation, core eurozone countries pursued export-led growth … financial crisis of 2007-08. The paper also maintains that the eurozone could avoid cumulative imbalances by adopting John …

Persistent link: https://www.econbiz.de/10013112810

Current account balances and structural adjustment in the euro area

Zemanek, Holger; Belke, Ansgar; Schnabl, Gunther - 2010

when times normalize again and Germany still sticks to export-led growth. This issue has been labelled one of the most …

Persistent link: https://www.econbiz.de/10003950870

The euro imbalances and financial deregulation : a post-Keynesian interpretation of the European debt crisis

Pérez Caldentey, Esteban; Vernengo, Matías - 2012

Persistent link: https://www.econbiz.de/10009407149

Uncertainty and episodes of extreme capital flows in the Euro area

Schmidt, Torsten; Zwick, Lina - 2013

In der Euro-Krise gingen starke Änderungen in internationalen Kapitalflüssen mit großer makroökonomischer Unsicherheit einher. Zwar ist es offensichtlich, dass beide Faktoren ökonomische Schocks auslösen bzw. verstärken können, es ist aber derzeit unklar, inwiefern sie direkt miteinander...

Persistent link: https://www.econbiz.de/10010221882

On the persistence of trade imbalances : evidence from Europe

Berger, Helge; Nitsch, Volker - 2013

Does exchange rate variability affect the speed of external adjustment? 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,...

Persistent link: https://www.econbiz.de/10009742472

Current account imbalances and structural adjustment in the Euro area : how to rebalance competitiveness

Zemanek, Holger; Belke, Ansgar; Schnabl, Gunther - 2009

Low international competitiveness of a set of euro area countries, which have become evident by large current account deficits and rising risk premiums on government bonds, is one of the most challenging economic policy issues for Europe. We analyse the role of private restructuring and public...

Persistent link: https://www.econbiz.de/10003850175

Macroeconomic imbalances and institutional reforms in the EMU

Ederer, Stefan - 2015

The paper summarises the channels and mechanisms which lead to the emergence of macroeconomic imbalances in the EMU before, in and after the crisis of 2008/09. It focuses on the role of the specific institutional setting of the EMU in these developments and outlines the key reforms which are...

Persistent link: https://www.econbiz.de/10011337035

TARGET2 imbalances and the ECB as lender of last resort

Purificato, Francesco; Astarita, Caterina - In: International Journal of Financial Studies : open … 3 (2015) 4, pp. 482-509

Union to survive, rather than to disparities in the level of competitiveness among countries of the Eurozone. This crisis of …

Persistent link: https://www.econbiz.de/10011408880