Current Account Imbalances in the Southern Euro Area

Current Account Imbalances in the Southern Euro Area
The paper examines the causes, consequences, and potential cures of the large current account deficits in the Southern Euro Area (SEA). These were mostly driven by a decline in private saving rates. But it was the European Monetary Union and the Euro, which enabled these countries to maintain investment rates, and thus run larger current account... READ MORE...

Publication date: June 2010
ISBN 9781455201228
$18.00

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