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Current Accounts in a Currency Union

Current Accounts in a Currency Union »

Source: Current Accounts in a Currency Union

Volume/Issue: 2009/127

Series: IMF Working Papers

Author(s): Jörg Decressin , and Emil Stavrev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2009

ISBN: 9781451872743

Keywords: currency union, EMU, real exchange rate, exchange rate, current accounts, current account balance,

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...

Current Accounts in a Currency Union

Current Accounts in a Currency Union »

Volume/Issue: 2009/127

Series: IMF Working Papers

Author(s): Jörg Decressin , and Emil Stavrev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2009

DOI: http://dx.doi.org/10.5089/9781451872743.001

ISBN: 9781451872743

Keywords: currency union, EMU, real exchange rate, exchange rate, current accounts, current account balance,

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...

11 The Two Monetary Approaches to the Balance of Payments 1 Keynesian and Johnsonian

11 The Two Monetary Approaches to the Balance of Payments 1 Keynesian and Johnsonian »

Source: Economic Theory and Financial Policy : Selected Essays of Jacques J. Polak, 1994-2004

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 December 2004

ISBN: 9780765616142

Keywords: exchange rate, monetary fund, exchange rates, monetary system, capital movements

1. Introduction In the 1950s and 60s, a number of new approaches were developed with the aim of understanding better the sequences of economic events that could lead countries into b...