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Progress Towards External Adjustment in the Euro Area Periphery and the Baltics

Progress Towards External Adjustment in the Euro Area Periphery and the Baltics »

Source: Progress Towards External Adjustment in the Euro Area Periphery and the Baltics

Volume/Issue: 2014/131

Series: IMF Working Papers

Author(s): Joong Kang , and Jay Shambaugh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 July 2014

ISBN: 9781498364713

Keywords: Current account deficit, Internal devaluation, Competitiveness, current account, employment, unemployment, unemployment rates, Open Economy Macroeconomics,

The euro area periphery countries and the Baltic countries, which had large current account deficits in the run-up to the crisis, needed adjustment of relative prices to achieve both internal and external balances....

Adjustment Under a Currency Peg

Adjustment Under a Currency Peg »

Source: Adjustment Under a Currency Peg : Estonia, Latvia and Lithuania During the Global Financial Crisis 2008-09

Volume/Issue: 2010/213

Series: IMF Working Papers

Author(s): Catriona Purfield , and Christoph Rosenberg

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2010

ISBN: 9781455205448

Keywords: Internal devaluation, boom bust, competitiveness, wage adjustment, global financial crisis, wage, benefits, wages, fiscal balance,

The paper traces the Baltics' adjustment strategy during the 2008-09 global financial crisis. The abrupt end to the externally-financed domestic demand boom triggered a severe output collapse, bringing per capita i...

Progress Towards External Adjustment in the Euro Area Periphery and the Baltics

Progress Towards External Adjustment in the Euro Area Periphery and the Baltics »

Volume/Issue: 2014/131

Series: IMF Working Papers

Author(s): Joong Kang , and Jay Shambaugh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 July 2014

DOI: http://dx.doi.org/10.5089/9781498364713.001

ISBN: 9781498364713

Keywords: Current account deficit, Internal devaluation, Competitiveness, current account, employment, unemployment, unemployment rates, Open Economy Macroeconomics,

The euro area periphery countries and the Baltic countries, which had large current account deficits in the run-up to the crisis, needed adjustment of relative prices to achieve both internal and external balances....

Adjustment Under a Currency Peg
			: Estonia, Latvia and Lithuania During the Global Financial Crisis 2008-09

Adjustment Under a Currency Peg : Estonia, Latvia and Lithuania During the Global Financial Crisis 2008-09 »

Volume/Issue: 2010/213

Series: IMF Working Papers

Author(s): Catriona Purfield , and Christoph Rosenberg

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2010

DOI: http://dx.doi.org/10.5089/9781455205448.001

ISBN: 9781455205448

Keywords: Internal devaluation, boom bust, competitiveness, wage adjustment, global financial crisis, wage, benefits, wages, fiscal balance,

The paper traces the Baltics' adjustment strategy during the 2008-09 global financial crisis. The abrupt end to the externally-financed domestic demand boom triggered a severe output collapse, bringing per capita i...