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in many firms across countries and across industries, while insolvencies rise over time in specific industries. To inform …
Persistent link: https://www.econbiz.de/10012605125
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...
Persistent link: https://www.econbiz.de/10014395669