Adjustment in Euro Area Deficit Countries

Progress, Challenges, and Policies

Adjustment in Euro Area Deficit Countries
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) that accumulated large current account deficits and external liability positions in the run-up to the crisis. It shows that relative... READ MORE...

Publication date: July 2014
ISBN 9781498373814
$10.00

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