Document Type
Article
Abstract
Widening Current Account imbalances were a key feature of the run-up to the global financial crisis. Within the European Monetary Union, large surpluses and deficits emerged among member countries. The imbalances were initially viewed as evidence of the success of the Euro, but they continued to grow and contributed to the recent financial crisis. The problem of imbalances is still with us today and could hamper future growth in the deficit countries.
Publication Date
Spring 2011
Journal Title
Major Themes in Economics
Volume
13
Issue
1
First Page
23
Last Page
49
Copyright
©2011 by Major Themes in Economics
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Language
en
File Format
application/pdf
Recommended Citation
Augspurger, Tom
(2011)
"Current Account Imbalances Within the Eurozone,"
Major Themes in Economics, 13, 23-49.
Available at:
https://scholarworks.uni.edu/mtie/vol13/iss1/4