The Evolution of Current Account Deficits in the Euro Area Periphery and the Baltics : Many Paths to the Same Endpoint »
Series: IMF Working Papers
Author(s): Joong Kang , and Jay Shambaugh
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 17 July 2013
Keywords: current account deficit, transfer, income balance, competitiveness, domestic boom, export performance, current account, merchandise export, reer, export market
Explanations of the large current account deficits for the euro area periphery and the Baltics in the run up to the crisis revolve around two main factors: deteriorating export performance or demand driven booms. W...