Wihlborg, Clas; Willett, Thomas D.; Zhang, Nan - In: World Economics 11 (2010) 4, pp. 51-79
The crisis in Greece and other mainly southern Eurozone countries has been discussed primarily as a fiscal issue. Current account deficits of the same countries have received less attention in spite of the relatedness of current account and fiscal deficits. We argue that the failure of many...