The aim of this paper is to study the main macroeconomic, financial and structural factors that shaped current account developments in Greece over the period from 1960 to 2007 and discuss these developments in relation to the issue of external sustainability. Concerns over Greece's external...

This paper investigates the issues of stability, predictability and interestsensitivity of both the long and short run demand for money within the European Union employing quarterly data over the period 1980-1998. The model is closely based on that estimated by Friedman and Schwartz (1982). The...