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Sustainability of External Imbalances

Sustainability of External Imbalances

Brand
Springer Nature
Manufacturer
N/A
Part Number
0
GTIN
9783658070915
Condition
New
Product Description

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. Anglique 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 economys net international investment position to its trade balance.

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