상세정보
Export to Refworks부가기능
External imbalances in the Euro area
상세 프로파일
| 자료유형 | 단행본 |
|---|---|
| 서명/저자사항 | External imbalances in the Euro area/ prepared by Ruo Chen, Gian-Maria Milesi-Ferretti and Thierry Tressel. |
| 개인저자 | Chen, Ruo. Milesi-Ferretti, Gian-Maria, Tressel, Thierry, |
| 단체저자명 | International Monetary Fund. European Department. International Monetary Fund. Western Hemisphere Department. |
| 발행사항 | [Washington, D.C.]: International Monetary Fund, ?012. |
| 형태사항 | 1 online resource (49 pages). |
| 총서사항 | IMF working paper;WP/12/236 |
| ISBN | 9781475512120 1475512120 |
| 일반주기 |
Title from PDF title page (IMF Web site, viewed Oct. 2, 2012).
"EUR and WHD." "September 2012." |
| 서지주기 | Includes bibliographical references. |
| 요약 | The paper examines the extent to which current account imbalances of euro area countries are related to intra-euro area factors and to external trade shocks. We argue that the traditional explanations for the rising imbalances are correct, but are incomplete. We uncover a large impact of declines in export competitiveness and asymmetric trade developments vis-?-vis the rest of the world -in particular vis-?-vis China, Central and Eastern Europe, and oil exporters--on the external balance of euro area debtor countries. While current account imbalances of euro area deficit countries vis-?-vis the rest of the world increased, they were financed mostly by intra-euro area capital inflows (in particular by the purchase of government and financial institutions' securities, and cross-border interbank lending) which permitted external imbalances to grow over time. |
| 일반주제명 | Balance of payments --European Union countries --Econometric models. Eurozone --Econometric models. BUSINESS & ECONOMICS --Foreign Exchange. |
| 언어 | 영어 |
| 바로가기 |  |
