Schnabl, Gunther; Zemanek, Holger - In: Intereconomics : review of European economic policy 46 (2011) 3, pp. 153-160
This paper contributes to the discussion on the European current account imbalances by analysing the intra-European trends since 1990 based on the theory of optimum currency areas. The authors show that German unification was the origin of not only the 1992-93 EMS crisis but also rising...
