Sustainability of External Imbalances: A Critical Appraisal
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...
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2015
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oai:scholar.dlu.edu.vn:DLU123456789-593382023-11-11T06:36:05Z Sustainability of External Imbalances: A Critical Appraisal Herzberg, Angelique Externalities Economic development Macroeconomics 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. 2015-12-07T07:31:11Z 2015-12-07T07:31:11Z 2015 Book 978-3-658-07091-5 978-3-658-07090-8 https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/59338 en application/pdf Springer |
| institution |
Thư viện Trường Đại học Đà Lạt |
| collection |
Thư viện số |
| language |
English |
| topic |
Externalities Economic development Macroeconomics |
| spellingShingle |
Externalities Economic development Macroeconomics Herzberg, Angelique Sustainability of External Imbalances: A Critical Appraisal |
| 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. 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. |
| format |
Book |
| author |
Herzberg, Angelique |
| author_facet |
Herzberg, Angelique |
| author_sort |
Herzberg, Angelique |
| title |
Sustainability of External Imbalances:
A Critical Appraisal |
| title_short |
Sustainability of External Imbalances:
A Critical Appraisal |
| title_full |
Sustainability of External Imbalances:
A Critical Appraisal |
| title_fullStr |
Sustainability of External Imbalances:
A Critical Appraisal |
| title_full_unstemmed |
Sustainability of External Imbalances:
A Critical Appraisal |
| title_sort |
sustainability of external imbalances:
a critical appraisal |
| publisher |
Springer |
| publishDate |
2015 |
| url |
https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/59338 |
| _version_ |
1819849067192123392 |