Series: IMF Working Papers
Author(s): Florence Jaumotte , and Piyaporn Sodsriwiboon
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2010
Keywords: financial liberalization, current accounts, current account deficits, current account balance, current account balances, Financial Aspects of Economic Integration,
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...