Current Account Imbalances in the Euro Area: Does Catching Up Explain the Development?
Current Account Imbalances in the Euro Area: Does Catching Up Explain the Development?
复制标题
欧元区经常账户失衡：追赶能否解释这一发展？
DOI：
10.1111/roie.12016
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发表时间：
2013
期刊：
影响因子：
--
通讯作者：
Christian Dreger
中科院分区：
文献类型：
--
作者：
A. Belke;Christian Dreger
在关于全球失衡的辩论中，自金融危机爆发以来，欧元区国家受到越来越多的关注。尽管整个欧元区的经常账户处于平衡状态，但自引入共同货币以来，各成员国之间的分歧有所扩大，这是过度失衡程序的一部分。本文运用面板计量经济学技术探讨了失衡的决定因素。分析表明，竞争力的缺乏是欧元区债务危机核心国家外部赤字的主要原因。由于竞争力的恶化对盈余国家来说是不可行的，因此需要采取不对称的应对措施来减少失衡。
In the debate on global imbalances, the euro area countries received increasing attention since the outbreak of the financial crisis. While the current account is on balance for the entire area, divergences between individual member states have increased since the introduction of the common currency and are part of the excessive imbalances procedure. This paper explores the determinants of the imbalances by using panel-econometric techniques. The analysis shows that a lack in competitiveness is the main explanation for the external deficits of the countries that are at the heart of the euro area debt crisis. As a deterioration of competitiveness is not feasible for the surplus countries, an asymmetric response is required to reduce the imbalances.
的存在
DOI：
--
发表时间：
2004
期刊：
Journal of Clinical Pathology 57・9
影响因子：
--
作者：
Saito T;Oda Y;Tamiya S;et al.;Nakayama H
通讯作者：
Nakayama H