External imbalances in the Euro area:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C.]
International Monetary Fund
©2012
|
| Schriftenreihe: | IMF working paper
WP/12/236 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Beschreibung: | Title from PDF title page (IMF Web site, viewed Oct. 2, 2012). - "EUR and WHD.". - "September 2012." The paper examines the extent to which current account imbalances of euro area countries are related to intra-euro area factors and to external trade shocks. We argue that the traditional explanations for the rising imbalances are correct, but are incomplete. We uncover a large impact of declines in export competitiveness and asymmetric trade developments vis-à-vis the rest of the world -in particular vis-à-vis China, Central and Eastern Europe, and oil exporters--on the external balance of euro area debtor countries. While current account imbalances of euro area deficit countries vis-à-vis the rest of the world increased, they were financed mostly by intra-euro area capital inflows (in particular by the purchase of government and financial institutions' securities, and cross-border interbank lending) which permitted external imbalances to grow over time Includes bibliographical references |
| Beschreibung: | 1 Online-Ressource (49 pages) |
| ISBN: | 9781475512120 1475512120 |
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| 500 | |a Title from PDF title page (IMF Web site, viewed Oct. 2, 2012). - "EUR and WHD.". - "September 2012." | ||
| 500 | |a The paper examines the extent to which current account imbalances of euro area countries are related to intra-euro area factors and to external trade shocks. We argue that the traditional explanations for the rising imbalances are correct, but are incomplete. We uncover a large impact of declines in export competitiveness and asymmetric trade developments vis-à-vis the rest of the world -in particular vis-à-vis China, Central and Eastern Europe, and oil exporters--on the external balance of euro area debtor countries. While current account imbalances of euro area deficit countries vis-à-vis the rest of the world increased, they were financed mostly by intra-euro area capital inflows (in particular by the purchase of government and financial institutions' securities, and cross-border interbank lending) which permitted external imbalances to grow over time | ||
| 500 | |a Includes bibliographical references | ||
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| 651 | 4 | |a Europäische Union. Mitgliedsstaaten | |
| 700 | 1 | |a Milesi-Ferretti, Gian-Maria |e Sonstige |4 oth | |
| 700 | 1 | |a Tressel, Thierry |e Sonstige |4 oth | |
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Datensatz im Suchindex
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| author | Chen, Ruo |
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| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.4505 |
| dewey-search | 332.4505 |
| dewey-sort | 3332.4505 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| geographic | Europäische Union. Mitgliedsstaaten |
| geographic_facet | Europäische Union. Mitgliedsstaaten |
| id | DE-604.BV042964877 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:13:56Z |
| institution | BVB |
| isbn | 9781475512120 1475512120 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-028390745 |
| oclc_num | 811616273 |
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| physical | 1 Online-Ressource (49 pages) |
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| publishDate | 2012 |
| publishDateSearch | 2012 |
| publishDateSort | 2012 |
| publisher | International Monetary Fund |
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| series2 | IMF working paper |
| spelling | Chen, Ruo Verfasser aut External imbalances in the Euro area prepared by Ruo Chen, Gian-Maria Milesi-Ferretti and Thierry Tressel [Washington, D.C.] International Monetary Fund ©2012 1 Online-Ressource (49 pages) txt rdacontent c rdamedia cr rdacarrier IMF working paper WP/12/236 Title from PDF title page (IMF Web site, viewed Oct. 2, 2012). - "EUR and WHD.". - "September 2012." The paper examines the extent to which current account imbalances of euro area countries are related to intra-euro area factors and to external trade shocks. We argue that the traditional explanations for the rising imbalances are correct, but are incomplete. We uncover a large impact of declines in export competitiveness and asymmetric trade developments vis-à-vis the rest of the world -in particular vis-à-vis China, Central and Eastern Europe, and oil exporters--on the external balance of euro area debtor countries. While current account imbalances of euro area deficit countries vis-à-vis the rest of the world increased, they were financed mostly by intra-euro area capital inflows (in particular by the purchase of government and financial institutions' securities, and cross-border interbank lending) which permitted external imbalances to grow over time Includes bibliographical references BUSINESS & ECONOMICS / Foreign Exchange bisacsh Wirtschaft Ökonometrisches Modell Balance of payments European Union countries Econometric models Eurozone Econometric models Europäische Union. Mitgliedsstaaten Milesi-Ferretti, Gian-Maria Sonstige oth Tressel, Thierry Sonstige oth International Monetary Fund European Department Sonstige oth International Monetary Fund Western Hemisphere Department Sonstige oth http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=516977 Aggregator Volltext |
| spellingShingle | Chen, Ruo External imbalances in the Euro area BUSINESS & ECONOMICS / Foreign Exchange bisacsh Wirtschaft Ökonometrisches Modell Balance of payments European Union countries Econometric models Eurozone Econometric models |
| title | External imbalances in the Euro area |
| title_auth | External imbalances in the Euro area |
| title_exact_search | External imbalances in the Euro area |
| title_full | External imbalances in the Euro area prepared by Ruo Chen, Gian-Maria Milesi-Ferretti and Thierry Tressel |
| title_fullStr | External imbalances in the Euro area prepared by Ruo Chen, Gian-Maria Milesi-Ferretti and Thierry Tressel |
| title_full_unstemmed | External imbalances in the Euro area prepared by Ruo Chen, Gian-Maria Milesi-Ferretti and Thierry Tressel |
| title_short | External imbalances in the Euro area |
| title_sort | external imbalances in the euro area |
| topic | BUSINESS & ECONOMICS / Foreign Exchange bisacsh Wirtschaft Ökonometrisches Modell Balance of payments European Union countries Econometric models Eurozone Econometric models |
| topic_facet | BUSINESS & ECONOMICS / Foreign Exchange Wirtschaft Ökonometrisches Modell Balance of payments European Union countries Econometric models Eurozone Econometric models Europäische Union. Mitgliedsstaaten |
| url | http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=516977 |
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