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External Imbalances in the Euro Area

Ruo Chen, Gian-Maria Milesi-Ferretti, Thierry Tressel




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 | #4499046 in eBooks |  2012-09-28 |  2012-09-28 | File type: PDF

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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-à-vis the rest of the world –in particular vis-à-vis China, Central and Eastern Europe, and o...

You easily download any file type for your gadget.External Imbalances in the Euro Area   |  Ruo Chen, Gian-Maria Milesi-Ferretti, Thierry Tressel. I have read it a couple of times and even shared with my family members. Really good. Couldnt put it down.

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