Sustainability of External Imbalances

A Critical Appraisal

Specificaties
Paperback, 329 blz. | Engels
Springer Fachmedien Wiesbaden | 2015e druk, 2014
ISBN13: 9783658070908
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Springer Fachmedien Wiesbaden 2015e druk, 2014 9783658070908
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Samenvatting

Since the mid-1990s, sustainability of large and persistent current account positions have been attracting much attention from policy makers and economists alike. Alongside global imbalances, sustainability of imbalances within the euro area, which started widening shortly after the introduction of the euro, raised much concern. While there exists a large body of theoretical and empirical literature on sustainability of external imbalances, a systematic survey has been lacking so far. Angélique Herzberg fills this gap by examining a broad range of established sustainability measures concerning their applicability to the various global and intra-euro imbalances of the recent past. Furthermore, the author examines the existence of feedback effects from an economy´s net international investment position to its trade balance.

Specificaties

ISBN13:9783658070908
Taal:Engels
Bindwijze:paperback
Aantal pagina's:329
Uitgever:Springer Fachmedien Wiesbaden
Druk:2015

Inhoudsopgave

Empirical Studies on the Validity of the Intertemporal Budget Constraint.- Dynamic Benchmarks of External Sustainability.

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        Sustainability of External Imbalances