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Current Account Imbalances

The determinants of current account imbalances in the Euro Area: a panel estimation approach

The determinants of current account imbalances in the Euro Area: a panel estimation approach

... determine current account positions, or the speed of current account ...of current account ...persistent current account ...run current account ...

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Current account imbalances in the Euro area. Bruegel Third-Party Paper, July 2008

Current account imbalances in the Euro area. Bruegel Third-Party Paper, July 2008

... These results suggest that the EMU has increased capital market inte- gration in Europe, with the result that capital flows are now more in line with what neoclassical growth theory predicts. As capital flows from high– ...

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The impact of real estate, inequality and current account imbalances on excessive credit: A cross country analysis

The impact of real estate, inequality and current account imbalances on excessive credit: A cross country analysis

... Next, current account imbalances are found to be very weakly significant to excessive credit in model ...between current account imbalances and excessive credit which is in line ...

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A Mechanism of Inflation Differentials and Current Account Imbalances in the Euro Area

A Mechanism of Inflation Differentials and Current Account Imbalances in the Euro Area

... To unravel the mechanism of problems such as inflation differentials, therefore, a model that explicitly describes the behavior of government as well as those of households, firms, and the central bank is needed. In this ...

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Optimal Fiscal Policy Mix and Current Account Imbalances: the case of Greek Economy

Optimal Fiscal Policy Mix and Current Account Imbalances: the case of Greek Economy

... constrain current account ...to current account balance, thus implying a feedback mechanism between wage increases (reductions) and current account deterioration (improvements), ...

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Labour Market Reforms and Current Account Imbalances: Beggar-thy-neighbour policies in a currency union? CEPS Working Document No. 399/September 2014

Labour Market Reforms and Current Account Imbalances: Beggar-thy-neighbour policies in a currency union? CEPS Working Document No. 399/September 2014

... the current account ...the current pain of structural reforms. Hence, the current account balance should decline in the short ...the current account in the ...on ...

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Global Current Account Imbalances: How to Manage the Risk for Europe. Bruegel policy brief 2005/02, December 2005

Global Current Account Imbalances: How to Manage the Risk for Europe. Bruegel policy brief 2005/02, December 2005

... global current account imbalances, especially the huge and growing US current account deficit, has been the most alarming global economic develop- ment in recent ...growing ...

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The Fiscal and Current Account Imbalances: An Empirical analysis of the Twin Deficits Hypothesis in Bangladesh

The Fiscal and Current Account Imbalances: An Empirical analysis of the Twin Deficits Hypothesis in Bangladesh

... The s t at i s t i cal es t i mat es f r om t he economet r i c anal ys es per f or med i n t hi s paper t end t o br oadl y sugges t t he i nval i di t y of t he TDH i n t he cont ext of Bangl ades h as per cei ved f r ...

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Current account imbalances in the euro area

Current account imbalances in the euro area

... the current account balance for the euro area as a whole has been in balance, divergences in current account positions among the euro-area members have widened since the introduction of the ...

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What Germany should fear most is its own fear: An analysis of Target2 and current account imbalances. CEPS Working Document No. 368, September 2012

What Germany should fear most is its own fear: An analysis of Target2 and current account imbalances. CEPS Working Document No. 368, September 2012

... How to test this hypothesis? When sovereign bond markets in the eurozone are gripped by fear and panic (as they have since 2008), bondholders sell the bonds of countries they distrust and buy the bonds deemed safe. This ...

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The Determinants of Current Account Imbalances in Malawi

The Determinants of Current Account Imbalances in Malawi

... external current account have been influenced to a large extent by effects of exchange rate movements on import demand and the performance of the tobacco ...the current account, which ...

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Determinants of current account imbalances in the global economy: A dynamic panel analysis

Determinants of current account imbalances in the global economy: A dynamic panel analysis

... Chinn$ and$ Prasad$ (2003)$ emphases$ that$ instead$ of$ capital$ controls$ country’s$ financial$ development$is$positively$correlated$with$current$account$balance$in$developing$countries.$ ...

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On the Sustainability of Current Account Deficits in Cameroon

On the Sustainability of Current Account Deficits in Cameroon

... of current account depend sensitively on the nature of trend specification, we complement the analysis with a non structural ...affect current account imbalances: imports, exports and ...

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Fiscal devaluation – a route to more growth? Bertelsmann Impulse #2015/04

Fiscal devaluation – a route to more growth? Bertelsmann Impulse #2015/04

... mentioned, current account imbalances can also have con- sequences for the entire global economy and therefore affect economies running a balanced current ...running current ...

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The economic and financial crisis in Europe: addressing the causes and the repercussions

The economic and financial crisis in Europe: addressing the causes and the repercussions

... sistent current account imbalances. Most notably the USA (but also, in Europe, the UK and Spain) have run large current account deficits, offset by corresponding surpluses in, notably, ...

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European Economy  Quarterly report on the euro area 2005  Volume 4 No  3/2005

European Economy Quarterly report on the euro area 2005 Volume 4 No 3/2005

... Global current account imbalances have dominated discussions among policy-makers already for a number of ...important imbalances concern the large and rising current account ...

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Age structure and the current account

Age structure and the current account

... China’s current account surpluses reflect the effect of its one-child policy on savings rates or are they instead caused by exchange-rate manipulations? Similarly, do German surpluses reflect the effect of ...

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International Portfolios and the U S  Current Account

International Portfolios and the U S Current Account

... the current account imbalance of the ...U.S. current account de…cit disappeared between 1987 and 1991 as the …scal de…cit expanded to a postwar peak (as a share of ...the current ...

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Budget current account deficits nexus in Malaysia

Budget current account deficits nexus in Malaysia

... of current account deficits in early 1990s but the macroeconomic environment was different from the previous ...large current account and budget deficits in year ...then current ...

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Fiscal Imbalances and Current Account Adjustments in the European Transition Economies

Fiscal Imbalances and Current Account Adjustments in the European Transition Economies

... the current account determination in 33 countries employing an intertemporal approach via regression analysis considering effects of fiscal stance of government as well as real exchange rate ...that ...

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