Bibow, Jörg (contributor) - 2006
adjustment, the euro area increased its surplus over the same period” (Henning 2000).
From early on, the IMF, too, stressed the … the 1990s” (IMF 2002), with these
imbalances being “dominated by the euro area and Japan, respectively” (IMF 2002).
In ….S. monetary diplomacy, as it unfolded over the postwar decades. EMU
shields the euro area from some of the disruptive effects of …