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Sustainability of External Imbalances

Sustainability of External Imbalances

von Angélique Herzberg
Softcover - 9783658070908
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Beschreibung

Since the mid-1990s, sustainability of large and persistent current account positions have been attracting much attention from policy makers and economists alike. Alongside global imbalances, sustainability of imbalances within the euro area, which started widening shortly after the introduction of the euro, raised much concern. While there exists a large body of theoretical and empirical literature on sustainability of external imbalances, a systematic survey has been lacking so far. Angélique Herzberg fills this gap by examining a broad range of established sustainability measures concerning their applicability to the various global and intra-euro imbalances of the recent past. Furthermore, the author examines the existence of feedback effects from an economy´s net international investment position to its trade balance.

A Critical Appraisal

Details

Verlag Springer Fachmedien Wiesbaden GmbH
Ersterscheinung 10. September 2014
Maße 21 cm x 14.8 cm
Gewicht 446 Gramm
Format Softcover
ISBN-13 9783658070908
Auflage 2015
Seiten 329