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Adjustment in Euro Area Deficit Countries

Adjustment in Euro Area Deficit Countries »

Source: Adjustment in Euro Area Deficit Countries : Progress, Challenges, and Policies

Volume/Issue: 2014/7

Series: Staff Discussion Notes

Author(s): Thierry Tressel , Shengzu Wang , Joong Kang , Jay Shambaugh , Jörg Decressin , and Petya Koeva Brooks

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 July 2014

ISBN: 9781498373814

Keywords: European Economic and Monetary Union, Europe, Euro Area, Current account deficits, Crisis, Current account, Rebalancing, Competitiveness, External stability, Labor market

Imbalances within the euro area have been a defining feature of the crisis. This paper provides a critical analysis of the ongoing rebalancing of euro area 'deficit economies' (Greece, Ireland, Portugal, and Spain)...

Adjustment in Euro Area Deficit Countries
			: Progress, Challenges, and Policies

Adjustment in Euro Area Deficit Countries : Progress, Challenges, and Policies »

Volume/Issue: 2014/7

Series: Staff Discussion Notes

Author(s): Thierry Tressel , Shengzu Wang , Joong Kang , Jay Shambaugh , Jörg Decressin , and Petya Koeva Brooks

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 July 2014

DOI: http://dx.doi.org/10.5089/9781498373814.006

ISBN: 9781498373814

Keywords: European Economic and Monetary Union, Europe, Euro Area, Current account deficits, Crisis, Current account, Rebalancing, Competitiveness, External stability, Labor market

Imbalances within the euro area have been a defining feature of the crisis. This paper provides a critical analysis of the ongoing rebalancing of euro area 'deficit economies' (Greece, Ireland, Portugal, and Spain)...

International Finance and Income Convergence
			: Europe is Different

International Finance and Income Convergence : Europe is Different »

Volume/Issue: 2007/64

Series: IMF Working Papers

Author(s): Daniel Leigh , Abdul Abiad , and Ashoka Mody

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2007

DOI: http://dx.doi.org/10.5089/9781451866285.001

ISBN: 9781451866285

Keywords: growth, convergence, current account, current account deficit, current account balance, current accounts, Economic Growth of Open Economies, Financial Aspects of Economic Integration,

Recent studies conclude that the ongoing global financial integration may have had little or no value in advancing economic growth, especially in poor countries. Capital is often found to flow "uphill" from poor to...

International Finance and Income Convergence

International Finance and Income Convergence »

Source: International Finance and Income Convergence : Europe is Different

Volume/Issue: 2007/64

Series: IMF Working Papers

Author(s): Daniel Leigh , Abdul Abiad , and Ashoka Mody

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2007

ISBN: 9781451866285

Keywords: growth, convergence, current account, current account deficit, current account balance, current accounts, Economic Growth of Open Economies, Financial Aspects of Economic Integration,

Recent studies conclude that the ongoing global financial integration may have had little or no value in advancing economic growth, especially in poor countries. Capital is often found to flow "uphill" from poor to...