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Low international competitiveness of a set of euro area countries, which have become evident by large current account deficits and rising risk premiums on government bonds, is one of the most challenging economic policy issues for Europe. We analyse the role of private restructuring and public...
Persistent link: https://www.econbiz.de/10003936156
Low international competitiveness of a set of euro area countries, which have become evident by large current account deficits and rising risk premiums on government bonds, is one of the most challenging economic policy issues for Europe. We analyse the role of private restructuring and public...
Persistent link: https://www.econbiz.de/10010206356
Low international competitiveness of a set of euro area countries, which have become evident by large current account deficits and rising risk premiums on government bonds, is one of the most challenging economic policy issues for Europe. We analyse the role of private restructuring and public...
Persistent link: https://www.econbiz.de/10003850175
Persistent link: https://www.econbiz.de/10003969075
The paper discusses global imbalances under the aspect of an asymmetric world monetary system. It identifies the US and Germany as center countries with rising / high current account deficits (US) and surpluses (Germany). These are matched by current account surpluses of countries stabilizing...
Persistent link: https://www.econbiz.de/10003973544
In the past decade, a set of euro area countries has accumulated large current account deficits. After a brief relaxation of the euro area internal imbalances in the wake of the financial crisis, it appears as if this pattern arises anew when times normalize again and Germany still sticks to...
Persistent link: https://www.econbiz.de/10003950870
In the current debate on the reasons and implications of the Greek and Irish euro crisis, the intra-European current account imbalances have gained rising attention. Whereas Greece and Ireland struggle for austerity in private and public spending, Germany is urged to reduce its current account...
Persistent link: https://www.econbiz.de/10008798227
wird. Welche Auswirkungen sind von der Erweiterung der Eurozone auf die europäische Wirtschaft zu erwarten? Nach Ansicht … der Eurozone den Zusammenhalt und das Zusammenwirken der alten und neuen Mitgliedstaaten positiv beeinflussen. Im Fall … traditionelle Theorie der optimalen Währungsräume zur Bewertung der Osterweiterung der Eurozone beiträgt. Nach Meinung von Gunther …
Persistent link: https://www.econbiz.de/10003392890
Persistent link: https://www.econbiz.de/10009152893
Persistent link: https://www.econbiz.de/10009501817