Verfügbarkeit: Current Accounts in a Currency Union

Current Accounts in a Currency Union:

A fear about EMU was that in the absence of national currencies, country-specific shocks would result in greater current account divergences between member states. This paper finds that divergences across euro-area countries are smaller and have not risen relative to those across 13 other advanced e...

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1. Verfasser:	Decressin, Jörg (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2009
Schriftenreihe:	IMF Working Papers Working Paper No. 09/127
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	A fear about EMU was that in the absence of national currencies, country-specific shocks would result in greater current account divergences between member states. This paper finds that divergences across euro-area countries are smaller and have not risen relative to those across 13 other advanced economies with more flexible exchange rates. Also, the size of country-specific current account shocks in EMU countries is smaller and their persistence is greater than in the other advanced economies. However, these differences in current account dynamics do not appear related to different exchange rate dynamics
Beschreibung:	1 Online-Ressource (23 p)
ISBN:	1451872747 9781451872743

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spelling	Decressin, Jörg Verfasser aut Current Accounts in a Currency Union Decressin, Jörg Washington, D.C International Monetary Fund 2009 1 Online-Ressource (23 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 09/127 A fear about EMU was that in the absence of national currencies, country-specific shocks would result in greater current account divergences between member states. This paper finds that divergences across euro-area countries are smaller and have not risen relative to those across 13 other advanced economies with more flexible exchange rates. Also, the size of country-specific current account shocks in EMU countries is smaller and their persistence is greater than in the other advanced economies. However, these differences in current account dynamics do not appear related to different exchange rate dynamics Online-Ausg Stavrev, Emil Sonstige oth http://elibrary.imf.org/view/IMF001/10234-9781451872743/10234-9781451872743/10234-9781451872743.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Decressin, Jörg Current Accounts in a Currency Union
title	Current Accounts in a Currency Union
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title_full_unstemmed	Current Accounts in a Currency Union Decressin, Jörg
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