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Regional Economic Outlook, May 2018, Europe

Managing the Upswing in Uncertain Times

The Spring EUR REO projects the economic outlook for the region for the next six months.

Current Account Imbalances in the Southern Euro Area

Current Account Imbalances in the Southern Euro Area »

Volume/Issue: 2010/139

Series: IMF Working Papers

Author(s): Florence Jaumotte , and Piyaporn Sodsriwiboon


Publication Date: 01 June 2010


ISBN: 9781455201228

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...