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Current account adjustment in EU countries : does euro-area membership make a difference?

Herrmann, Sabine; Jochem, Axel - 2013

The paper evaluates current account dynamics in countries with different exchange rate regimes within the EU. In this, the empirical analysis explicitly differentiates between countries with a flexible and a fixed exchange rate regime and members of a monetary union. In addition, we model the...

Persistent link: https://www.econbiz.de/10010211960

Regional and global financial safety nets : the recent European experience and its implications for regional cooperation in Asia

Darvas, Zsolt M. - 2017

/08 global financial and economic crisis-which were supported by the International Monetary Fund (IMF) and various European …, such as the size of imbalances, financing, unique cooperation of the IMF and various European facilities, and membership of …, including the coexistence of the IMF and regional safety nets, cooperation issues, systemic spillovers, and social implications …

Persistent link: https://www.econbiz.de/10011715721

Regional and global financial safety nets : the recent European experience and its implications for regional cooperation in Asia

Darvas, Zsolt M. - 2017

/08 global financial and economic crisis - which were supported by the International Monetary Fund (IMF) and various European … as the size of imbalances, financing, unique cooperation of the IMF and various European facilities, and membership of a … lessons from European experiences, including the coexistence of the IMF and regional safety nets, cooperation issues, systemic …

Persistent link: https://www.econbiz.de/10011635367

The Implications of TARGET2 in the European Balance of Payments Crisis and Beyond

Cesaratto, Sergio - 2015

The paper provides an account of the meaning and implications of TARGET2 in the eurozone (EZ) balance of payments crisis. In this context, it discusses Hans-Werner Sinn's thesis about a stealth bail-out of the EZ periphery by the ECB from a heterodox perspective. Financial liberalisation, a...

Persistent link: https://www.econbiz.de/10013017589

Current Account Adjustment in EU Countries : Does Euro-Area Membership Make a Difference?

Herrmann, Sabine - 2016

Persistent link: https://www.econbiz.de/10012988643

What macroeconomic conditions lead financial crises?

Kiley, Michael T. - 2018 - Version 6

of debt growth at the center of frameworks for the deployment of macroprudential policies. I reconsider the role of asset … of the current account deficit have substantially larger (and more statistically-significant) effects than debt growth on …

Persistent link: https://www.econbiz.de/10011932225

World Interest Shocks, Capital, and the Current Account

Fisher, Walter H.; Terrell, Dek - 2000

considers a developing economy that faces an upward-sloping supply function of debt. It analyzes how a particular foreign shock …

Persistent link: https://www.econbiz.de/10014152175

Macroeconomic Policy Making and Current Account Imbalances in the Euro Area

Murai, Taiki; Schnabl, Gunther - In: Credit and Capital Markets – Kredit und Kapital 54 (2021) 3, pp. 347-373

such as international bank lending, changes in TARGET2 balances, international rescue credit and government bond purchases … the euro area. Since the European financial and debt crisis, public financing mechanisms and the unconventional monetary …

Persistent link: https://www.econbiz.de/10014521523

Global Imbalances: In Midstream?

Blanchard, Olivier J; Milesi-Ferretti, Gian Maria - C.E.P.R. Discussion Papers - 2010

Before the crisis, there were strong arguments for reducing global imbalances. As a result of the crisis, there have been significant changes in saving and investment patterns across the world and imbalances have narrowed considerably. Does this mean that imbalances are a problem of the past?...

Persistent link: https://www.econbiz.de/10008468701

Determinants of Current Account Imbalances in the Eurozone : A Politico-Economic Analysis

Kanthak, Leon - 2013

The recent "eurozone crisis" called attention to the substantial current account imbalances within the euro area which had built up in previous years. This "crisis" was primarily triggered by unsustainable fiscal debts and deficits, but it has frequently been suggested that the underlying...

Persistent link: https://www.econbiz.de/10014160517