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The global economy has experienced considerable turbulence since 2007. The financial crisis has been viewed as the trigger for a prolonged period of economic decline. This decline remains an issue for all member states of the European Union, the eurozone and beyond. We argue genesis of this...
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the factors such as fiscal balance, growth, terms of trade, exchange rate, trade openness, stage of economic development …, real effective exchange rate, fiscal deficit, trade openness, institutional quality, financial market development and stage … of development generates larger current account deficits. A rise in terms of trade, inflation rate (representing …
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