Schnabl, Gunther; Wollmershäuser, Timo - 2013
Since the breakdown of the Bretton Woods System diverging current account positions in Europe have prevailed. While the … fiscal policy stances for current account imbalances in Europe since the early 1970s under alternative institutional monetary … rate regime, but which turns out to be contingent on the monetary policy stance. -- Europe ; EMU ; EMS ; current account …