-European current account imbalances, which were underpinned by low interest rates. Since the outbreak of the crisis, the adjustment of … intra-EMU current account imbalances has been postponed by a rising divergence of TARGET2 balances, as the repatriation of …

This paper contributes to the discussion on the European current account imbalances by analysing the intra … not only the 1992-93 EMS crisis but also rising intra-European current account imbalances since 1999 that led to the …

problem of indebted member states. The assumption of this paper is that the current account imbalances within the eurozone are …The debt crisis of the eurozone revealed a structural problem of the single market rooted in the external imbalance … based on an intra-eurozone competitiveness disparity originated in the single currency and the heterogeneity of member state …

In the pre-crisis period, substantial current account imbalances built up in the euro area. Despite recent progress in …

This paper studies the relationship between real convergence in the euro area and macroeconomic imbalances. It compares … using growth regressions run on a large panel of advanced and emerging market economies and compared to actual growth. The … findings also suggest that macroeconomic imbalances accumulated in the pre-crisis period such as high private and government …