For more than two decades now, current-account imbalances are a crucial issue in the international policy debate as … that internal current account imbalances inside a currency union may also add to these risks. Oil price fluctuations and a … the currency union by changing internal imbalances. Therefore, in this paper, we analyze the impact of oil price shocks on …

For more than two decades now, current-account imbalances are a crucial issue in the international policy debate as … that internal current account imbalances inside a currency union may also add to these risks. Oil price fluctuations and a … the currency union by changing internal imbalances. Therefore, in this paper, we analyze the impact of oil price shocks on …

Global current account imbalances widened before the 2007/2008 crisis and have narrowed since. While the post … account surpluses defied global trends and increased. We use panel econometric models to analyse the determinants of medium …. However, in the 2004-07 period, excess imbalances were amplified, which was followed by a forceful correction in 2008-15, with …

Highlights * Global current account imbalances widened before the 2007/2008 crisis and have narrowed since then. While …), European current account surpluses defied global trends and increased. * We use panel econometric models to analyse the … forcefully than excess surpluses. However, in the 2004-07 period, excess imbalances were amplified, which was followed by a …