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The paper discusses the seriousness of current account imbalances in the last few decades in Europe, with a particular focus on the European Monetary Union. A closer look at the development of current accounts in European economies suggests the existence of some serious structural problems that...
Persistent link: https://www.econbiz.de/10009505479
In a dynamic panel framework, I investigate the qualitative aspects of factors determining current account imbalances in (country groupings within) the European Union. I consider the standard determinants of current account positions discussed in the past literature, but additionally, I include...
Persistent link: https://www.econbiz.de/10009627380
In the aftermath of the financial crisis trust, in the European Central Bank (ECB) has reached an historical low. Taking panel data and using a fixed effects DFGLS estimation for a 12–country sample over the time period 1999 to 2011 with a total of 312 observations, this paper detects a...
Persistent link: https://www.econbiz.de/10009711914
This paper examines the involvement of the CEECs into regional and global production networks over the period 1999 to 2009. We employ a theoretically justified gravity model which incorporates the extensive margin of trade and accounts for firm heterogeneity. We first estimate the model for...
Persistent link: https://www.econbiz.de/10009126416
investigates how the accession of 10 Central and Eastern European Countries (CEECs) to the European Union (EU) affected trade in …-2009, we find that EU accession mainly fostered Eastern entrants' integration in other CEECs' value chains. Smaller integration …
Persistent link: https://www.econbiz.de/10011414190
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This paper investigates the trade effects of Turkey’s trade integration into the EU. To this end sectoral trade flows … to the EU based on panel data from the period 1988 to 2002 are examined concentrating on Turkey's sixteen most important … export sectors. Emphasis is placed on the role of price competition, EU protection, and transport costs in the export trade …
Persistent link: https://www.econbiz.de/10002846553