Schoder, Christian; Proaño, Christian R.; Semmler, Willi - Institut für Makroökonomie und Konjunkturforschung … - 2012
Using parametric and non-parametric estimation techniques, we analyze the sustainability of the recently growing current account imbalances in the euro area and test whether the European Monetary Union has aggravated these imbalances. Two alternative criteria for the as-sessment of external debt...