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The Evolution of Current Account Deficits in the Euro Area Periphery and the Baltics »
Source: The Evolution of Current Account Deficits in the Euro Area Periphery and the Baltics : Many Paths to the Same Endpoint
Volume/Issue: 2013/169
Series: IMF Working Papers
Author(s): Joong Kang , and Jay Shambaugh
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 17 July 2013
ISBN: 9781475594270
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...
Rebalancing in the Euro Area and Cyclicality of Current Account Adjustments1 »
Source: Rebalancing in the Euro Area and Cyclicality of Current Account Adjustments
Volume/Issue: 2014/130
Series: IMF Working Papers
Author(s): Thierry Tressel , and Shengzu Wang
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 22 July 2014
ISBN: 9781498334426
Keywords: Rebalancing, Imbalances, Euro Area, export performance, export growth, reer, debtor countries, General, Country and Industry Studies of Trade, Comparative Analysis of Economic Systems
The paper examines progress with the external rebalancing of euro area deficit countries. Relative prices are adjusting at different pace across countries and with different compositions of wage cuts and labor shed...
Research Summaries: The Rise and Fall of Current Account Deficits in the Euro Area Periphery and the Baltics »
Source: Research Bulletin, June 2014
Volume/Issue: 15/2
Series: IMF Research Bulletin
Author(s): International Monetary Fund. Research Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 09 June 2014
ISBN: 9781498320795
Keywords: current account balances, current account balance, current account, rebalancing, low-income countries,
Articles in the June 2014 issue of the IMF Research Bulletin look at 'The Rise and Fall of Current Account Deficits in the Euro Area Periphery and the Baltics' (Joong Shik Kang and Jay C. Shambaugh) and 'The Two Si...
Current Account Imbalances in the Southern Euro Area »
Source: Current Account Imbalances in the Southern Euro Area
Volume/Issue: 2010/139
Series: IMF Working Papers
Author(s): Florence Jaumotte , and Piyaporn Sodsriwiboon
Publisher: INTERNATIONAL MONETARY FUND
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...
Growth Following Investment and Consumption-Driven Current Account Crises »
Source: Growth Following Investment and Consumption-Driven Current Account Crises
Volume/Issue: 2013/217
Series: IMF Working Papers
Author(s): Alexander Klemm
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 23 October 2013
ISBN: 9781484321898
Keywords: current account deficit, current accounts, current account surpluses
Current account deficits imply increasing liabilities to the rest of the world. External sustainability then depends on whether these can be met in the future without defaulting, i.e., normally through trade accoun...
The Impact of Controlson Capital Movementson the Private Capital Accounts of Countries' Balance of Payments »
Source: The Impact of Controlson Capital Movementson the Private Capital Accounts of Countries' Balance of Payments : Empirical Estimates and Policy Implications
Volume/Issue: 1994/78
Series: IMF Working Papers
Author(s): R. Johnston , and Chris Ryan
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 1994
ISBN: 9781451956207
Keywords: capital movements, capital flows, capital controls, industrial countries, capital inflows
This paper reports research on the impact of controls on capital movements on the private capital accounts of countries’ balance of payments using data drawn from 52 countries for the period 1985-92. The res...
Capital Flows are Fickle »
Source: Capital Flows are Fickle : Anytime, Anywhere
Volume/Issue: 2013/183
Series: IMF Working Papers
Author(s): John Bluedorn , Rupa Duttagupta , Jaime Guajardo , and Petia Topalova
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 22 August 2013
ISBN: 9781484389041
Keywords: international capital flows, volatility, persistence, comovement, global factors, net capital flows, capital inflows, private capital flows,
Has the unprecedented financial globalization of recent years changed the behavior of capital flows across countries? Using a newly constructed database of gross and net capital flows since 1980 for a sample of nea...
5 Real Convergence, Capital Flows, and Monetary Policy: Notes on the European Transition Countries »
Source: Euro Adoption in Central and Eastern Europe : Opportunities and Challenges
Series: Seminar Volumes
Author(s): Susan Schadler
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 18 April 2005
ISBN: 9781589063709
Keywords: exchange rate, inflation, monetary policy, monetary union, exchange rate stability
Capital inflows have been a fact of life for a number of European transition countries over the past several years. These inflows are sometimes viewed as a vote of confidence in these economies’ transformati...
Comments on “Real Convergence, Capital Flows, and Monetary Policy: Notes on the European Transition Countries,” by José Viñals »
Source: Euro Adoption in Central and Eastern Europe : Opportunities and Challenges
Series: Seminar Volumes
Author(s): Susan Schadler
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 18 April 2005
ISBN: 9781589063709
Keywords: exchange rate, inflation, monetary policy, monetary union, exchange rate stability
I very much enjoyed reading Lipschitz, Lane, and Mourmouras’s insightful and thought-provoking paper. It addresses extremely important issues for the new member states (NMS), such as how to further real conv...
Country Focus: Building a better future at home: remittances in Moldova »
Source: IMF Survey, Volume 35, Issue 03
Volume/Issue: 35/3
Series: IMF Survey
Author(s): International Monetary Fund. External Relations Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 07 February 2006
ISBN: 9781451967784
Keywords: capital market, international capital, development bank, Consumer Expenditure, Economic Development. Environmental Aspects, International Capital Market. Volatility, International Economic Integration, International Monetary Fund (imf), Nobel Prizes, Organizational Structure
New IMF financial sector department; Short takes: Oman, C.A.R., Greece; Nobelist Wangari Matthai on sustainable development; Moldova and remittances; Financial globalization; VAT refunds; Emerging markets alter fin...