Ten misconceptions about current account imbalances in the euro area

Author (Person)
Series Title
Series Details Vol.49, No.3, May-June 2014
Publication Date May 2014
ISSN 0020-5346
Content Type

In the pre-crisis period, substantial current account imbalances built up in the euro area. Despite recent progress in economic rebalancing, especially in the countries mostly affected by the euro debt crisis, a controversial debate is still raging about past causes, current interpretations and future outlooks for the current account positions of euro area countries. This article examines ten common claims often heard in the public debate and critically discusses their economic foundation.

[Full text of articles can be found in the Intereconomics Archive two years after the initial publication]

Related Links
Intereconomics: Archive http://archive.intereconomics.eu/years/

Subject Categories
Countries / Regions