This paper considers the increase in current account imbalances in euro area countries since the early 1990s. While the … euro area as a whole has remained relatively close to external balance, the current account balances of individual … of the debate on global imbalances, more attention has been given to the developments in the euro area only in the wake …

Some euro area countries accumulated large and persistent external imbalances during the upswing, revealing important … the euro area. In some countries, fiscal policy in the past decade failed to counter and sometimes aggravated these …-cutting approach to economic and financial management in the euro area is required to ensure balanced development in the future. While …

-causality testing (Granger, 1969). Results are not homogeneous for all the Euro-zone countries included in the sample. Evidence of … set of six Eurozone countries – three core countries (Austria, Finland and Germany) and three peripheral countries (Greece …

The recent "eurozone crisis" called attention to the substantial current account imbalances within the euro area which … unsustainable movements in the current account. The pre-crisis eurozone was characterized by large and persistent current account … managing the domestic level of wages and prices. In the pre-crisis eurozone, due to diverging configurations of domestic …

balance, we assess the Twin Deficit Hypothesis for the Euro Area in the period 1995-2020. Furthermore, we estimate time …

balance, we assess the Twin Deficit Hypothesis for the Euro Area in the period 1995-2020. Furthermore, we estimate time …

Long- and short-run current account balance (CAB) determinants of the nineteen Eurozone (EZ) member states vis …

projects till now, scarce interest has been offered regarding specifically the situation in the member states of the euro area … and in the euro candidate countries. This lack of interest could be justified among others with the myopic conviction …

account deficits of countries stabilizing their exchange rate against the euro (euro periphery). Meanwhile, the aggregate … current account balance of the euro area has been by and large balanced. The paper finds that changes of world current account … analysis extends from 1981-2008, the results for Germany mostly capture the situation before the euro was created …