Current Accounts in a Currency Union

Current Accounts in a Currency Union
Author :
Publisher : International Monetary Fund
Total Pages : 25
Release :
ISBN-10 : 9781451872743
ISBN-13 : 1451872747
Rating : 4/5 (43 Downloads)

Book Synopsis Current Accounts in a Currency Union by : Mr.Emil Stavrev

Download or read book Current Accounts in a Currency Union written by Mr.Emil Stavrev and published by International Monetary Fund. This book was released on 2009-06-01 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: A fear about EMU was that in the absence of national currencies, country-specific shocks would result in greater current account divergences between member states. This paper finds that divergences across euro-area countries are smaller and have not risen relative to those across 13 other advanced economies with more flexible exchange rates. Also, the size of country-specific current account shocks in EMU countries is smaller and their persistence is greater than in the other advanced economies. However, these differences in current account dynamics do not appear related to different exchange rate dynamics.


Current Accounts in a Currency Union Related Books

Current Accounts in a Currency Union
Language: en
Pages: 25
Authors: Mr.Emil Stavrev
Categories: Business & Economics
Type: BOOK - Published: 2009-06-01 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

A fear about EMU was that in the absence of national currencies, country-specific shocks would result in greater current account divergences between member stat
Current Account Imbalances in the Southern Euro Area
Language: en
Pages: 51
Authors: Piyaporn Sodsriwiboon
Categories: Business & Economics
Type: BOOK - Published: 2010-06-01 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

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
Making the European Monetary Union
Language: en
Pages: 324
Authors: Harold James
Categories: Business & Economics
Type: BOOK - Published: 2012-11-19 - Publisher: Harvard University Press

DOWNLOAD EBOOK

Europe’s financial crisis cannot be blamed on the Euro, Harold James contends in this probing exploration of the whys, whens, whos, and what-ifs of European m
Regional Integration in West Africa
Language: en
Pages: 203
Authors: Eswar Prasad
Categories: Business & Economics
Type: BOOK - Published: 2021-07-13 - Publisher: Brookings Institution Press

DOWNLOAD EBOOK

" Assessing the potential benefits and risks of a currency union Leaders of the fifteen-member Economic Community of West African States (ECOWAS) have set a goa
The Euro Area and the Financial Crisis
Language: en
Pages: 373
Authors: Miroslav Beblavý
Categories: Business & Economics
Type: BOOK - Published: 2011-10-06 - Publisher: Cambridge University Press

DOWNLOAD EBOOK

The financial crisis of 2007–10 has presented a number of key policy challenges for those concerned with the long-term stability of the euro area. It has show