External imbalances in the Euro area:
Saved in:
| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
[Washington, D.C.]
International Monetary Fund
©2012
|
| Series: | IMF working paper
WP/12/236 |
| Subjects: | |
| Online Access: | Volltext |
| Item Description: | 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 |
| Physical Description: | 1 Online-Ressource (49 pages) |
| ISBN: | 9781475512120 1475512120 |
Staff View
MARC
| LEADER | 00000nmm a2200000zcb4500 | ||
|---|---|---|---|
| 001 | BV042964877 | ||
| 003 | DE-604 | ||
| 005 | 00000000000000.0 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 151030s2012 |||| o||u| ||||||eng d | ||
| 020 | |a 9781475512120 |c electronic bk. |9 978-1-4755-1212-0 | ||
| 020 | |a 1475512120 |c electronic bk. |9 1-4755-1212-0 | ||
| 035 | |a (OCoLC)811616273 | ||
| 035 | |a (DE-599)BVBBV042964877 | ||
| 040 | |a DE-604 |b ger |e aacr | ||
| 041 | 0 | |a eng | |
| 082 | 0 | |a 332.4505 |2 23 | |
| 100 | 1 | |a Chen, Ruo |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a External imbalances in the Euro area |c prepared by Ruo Chen, Gian-Maria Milesi-Ferretti and Thierry Tressel |
| 264 | 1 | |a [Washington, D.C.] |b International Monetary Fund |c ©2012 | |
| 300 | |a 1 Online-Ressource (49 pages) | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 490 | 0 | |a IMF working paper |v WP/12/236 | |
| 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 | ||
| 650 | 7 | |a BUSINESS & ECONOMICS / Foreign Exchange |2 bisacsh | |
| 650 | 4 | |a Wirtschaft | |
| 650 | 4 | |a Ökonometrisches Modell | |
| 650 | 4 | |a Balance of payments |z European Union countries |x Econometric models | |
| 650 | 4 | |a Eurozone |x Econometric models | |
| 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 | |
| 710 | 2 | |a International Monetary Fund |b European Department |e Sonstige |4 oth | |
| 710 | 2 | |a International Monetary Fund |b Western Hemisphere Department |e Sonstige |4 oth | |
| 856 | 4 | 0 | |u http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=516977 |x Aggregator |3 Volltext |
| 912 | |a ZDB-4-EBU | ||
| 940 | 1 | |q FLA_PDA_EBU | |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-028390745 | ||
Record in the Search Index
| _version_ | 1804175289724436480 |
|---|---|
| any_adam_object | |
| author | Chen, Ruo |
| author_facet | Chen, Ruo |
| author_role | aut |
| author_sort | Chen, Ruo |
| author_variant | r c rc |
| building | Verbundindex |
| bvnumber | BV042964877 |
| collection | ZDB-4-EBU |
| ctrlnum | (OCoLC)811616273 (DE-599)BVBBV042964877 |
| dewey-full | 332.4505 |
| dewey-hundreds | 300 - Social sciences |
| 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 |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02754nmm a2200469zcb4500</leader><controlfield tag="001">BV042964877</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">00000000000000.0</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">151030s2012 |||| o||u| ||||||eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781475512120</subfield><subfield code="c">electronic bk.</subfield><subfield code="9">978-1-4755-1212-0</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1475512120</subfield><subfield code="c">electronic bk.</subfield><subfield code="9">1-4755-1212-0</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)811616273</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV042964877</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">aacr</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">332.4505</subfield><subfield code="2">23</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Chen, Ruo</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">External imbalances in the Euro area</subfield><subfield code="c">prepared by Ruo Chen, Gian-Maria Milesi-Ferretti and Thierry Tressel</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">[Washington, D.C.]</subfield><subfield code="b">International Monetary Fund</subfield><subfield code="c">©2012</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (49 pages)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">IMF working paper</subfield><subfield code="v">WP/12/236</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Title from PDF title page (IMF Web site, viewed Oct. 2, 2012). - "EUR and WHD.". - "September 2012."</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="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</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Includes bibliographical references</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">BUSINESS & ECONOMICS / Foreign Exchange</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Wirtschaft</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Ökonometrisches Modell</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Balance of payments</subfield><subfield code="z">European Union countries</subfield><subfield code="x">Econometric models</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Eurozone</subfield><subfield code="x">Econometric models</subfield></datafield><datafield tag="651" ind1=" " ind2="4"><subfield code="a">Europäische Union. Mitgliedsstaaten</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Milesi-Ferretti, Gian-Maria</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Tressel, Thierry</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="710" ind1="2" ind2=" "><subfield code="a">International Monetary Fund</subfield><subfield code="b">European Department</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="710" ind1="2" ind2=" "><subfield code="a">International Monetary Fund</subfield><subfield code="b">Western Hemisphere Department</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=516977</subfield><subfield code="x">Aggregator</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-4-EBU</subfield></datafield><datafield tag="940" ind1="1" ind2=" "><subfield code="q">FLA_PDA_EBU</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-028390745</subfield></datafield></record></collection> |
| 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 |
| open_access_boolean | |
| physical | 1 Online-Ressource (49 pages) |
| psigel | ZDB-4-EBU FLA_PDA_EBU |
| publishDate | 2012 |
| publishDateSearch | 2012 |
| publishDateSort | 2012 |
| publisher | International Monetary Fund |
| record_format | marc |
| 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 |
| work_keys_str_mv | AT chenruo externalimbalancesintheeuroarea AT milesiferrettigianmaria externalimbalancesintheeuroarea AT tresselthierry externalimbalancesintheeuroarea AT internationalmonetaryfundeuropeandepartment externalimbalancesintheeuroarea AT internationalmonetaryfundwesternhemispheredepartment externalimbalancesintheeuroarea |