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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

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

Language

EN

File Format

application/pdf

Included in

Economics Commons

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