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Inter-temporal savings, current account dynamics and asymmetric shocks in a heterogeneous European Monetary Union

Schnabl, Gunther; Zemanek, Holger - 2010

financial risk, but would also impose austerity on the rest of Europe. The resulting new wave of crisis could trigger a new …

Persistent link: https://www.econbiz.de/10008798227

Asian Regional Policy Coordination

Truman, Edwin M. - 2011

This paper addresses two central questions for Asia and the world: (1) What is the purpose of Asian regional policy coordination going forward? (2) Will Asian regional policy coordination substitute or complement global policy coordination? The paper examines the potential coverage and content...

Persistent link: https://www.econbiz.de/10013117793

Saving Imbalances and the Euro Area Sovereign Debt Crisis

Higgins, Matthew - 2011

For several years prior to 2010, countries in the euro area periphery engaged in heavy borrowing from foreign private investors, allowing domestic spending to outpace incomes. Now these countries face debt crises reflecting a loss of investor confidence in the sustainability of their finances....

Persistent link: https://www.econbiz.de/10013120693

On the persistence of trade imbalances : evidence from Europe

Berger, Helge; Nitsch, Volker - 2013

Does exchange rate variability affect the speed of external adjustment? We study bilateral trade balances for a sample of 18 European countries over the period from 1948 through 2008. We find that, with the introduction of the euro, trade imbalances among euro area members widened considerably,...

Persistent link: https://www.econbiz.de/10009742472

Euro Adoption Amid Reshaping EMU : The Case of Romania

Pal, Rozalia - 2011

Adopting the European single currency is reevaluated amid changing environment of the existing euro area. In this paper we are mapping those divergences among member countries that challenge the optimal currency area (OCA), at least from a theoretical perspective. Nevertheless, the decision to...

Persistent link: https://www.econbiz.de/10014176002

Updating China’s International Economic Policy after Thirty Years of Reform and Opening : What Position on Regional and Global Economic Architecture?

Woo, Wing Thye - 2010

The 30 years of reform and opening have brought great material progress to China. By becoming a big country, China’s actions created huge spillovers on other countries. The result has been a rise in trade tension between China and its trade partners. Recently, some have claimed that China’s...

Persistent link: https://www.econbiz.de/10014045824

Inter-Temporal Savings, Current Account Dynamics and Asymmetric Shocks in a Heterogeneous European Monetary Union

Schnabl, Gunther - 2013

financial risk, but would also impose austerity on the rest of Europe. The resulting new wave of crisis could trigger a new …

Persistent link: https://www.econbiz.de/10013094029

Financing Development in the UNECE Emerging Markets

Shelburne, Robert - Economic Commission for Europe (UN-ECE), United Nations - 2008

This essay discusses the challenges in financing economic development in the eastern European and CIS economies. The advantages and pitfalls of extensively relying external capital are explored.

Persistent link: https://www.econbiz.de/10004980108

Current Account Deficits in European Emerging Markets

Shelburne, Robert - Economic Commission for Europe (UN-ECE), United Nations - 2008

Many of the emerging market economies in Europe are presently running current account deficits which are quite high … Union (EU) members of the old Europe (Greece, Portugal, and Spain), many of the EU’s new member states (largely the former … transition economies which have joined since 2004), most of those non-EU members in south-east Europe, and a number of the CIS …

Persistent link: https://www.econbiz.de/10005585677

Capital and trade flows in Europe and the impact of enlargement

Buch, Claudia M.; Piazolo, Daniel - 2000

The Eastern enlargement of the European Union (EU) is likely to give a further boost to trade and capital flows, yet empirical evidence on the possible magnitudes is still scarce. This paper uses four different datasets to estimate the determinants of international asset holdings and trade...

Persistent link: https://www.econbiz.de/10011472489