Essays about: "Current account imbalances"

Showing result 1 - 5 of 8 essays containing the words Current account imbalances.

  1. 1. Current Account Imbalances in the European Monetary Union

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Philipp Bergner; [2017]
    Keywords : Current Account; Currency Union; European Monetary Union; Business and Economics;

    Abstract : This paper investigates empirical determinants of current account positions worldwide with a focus on the countries that started out as the European Monetary Union (including Greece that joined in 2001). Specifically, it addresses the question whether current accounts inside the Eurozone have reacted more sensitively to changes in macroeconomic fundamentals due to the facilitation of inter-country financial flows and the abolishment of foreign currency risk. READ MORE

  3. 2. Current account imbalances in the European Union - Can convergence and competitiveness explain the intra-EU current account imbalances

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Simon Ljungqvist; Johan Eberhard; [2015]
    Keywords : Intra-EU current account imbalances; convergence; competitiveness; EMU; financial crisis; Business and Economics;

    Abstract : The current account within the EU has been balanced on an aggregate level; nevertheless divergences among the members have increased since the introduction of the common currency. This thesis aims to explain the intra-EU current account imbalances (in the period 1993-2013) through the convergence and competitiveness hypothesis. READ MORE

  4. 3. Current Account Imbalances: Signs of Adjustment?

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Philipp Fuchs; [2015]
    Keywords : dynamic ordinary least squares; panel cointegration; Current account imbalances; asymmetric panel VECM; threshold effects; Business and Economics;

    Abstract : Global external imbalances are commonly labelled as one of the main reasons for the Global Financial Crisis. This paper investigates these imbalances and determines current account equilibria for 21 OECD countries. Subsequently, we measure the speed of adjustment to the calculated equilibrium values and test for asymmetric adjustment effects. READ MORE

  5. 4. Current Account Imbalances in the Eurozone: Is Institutional Heterogeneity to Blame?

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Benjamin Läpple; [2015]
    Keywords : current account; institutional quality; structural reforms; Euro area; Panel Data; Business and Economics;

    Abstract : Can differences in institutional quality explain current account imbalances in the Euro area? This paper emphasizes a link between current accounts and institutional quality based on a country study for Greece. Subsequently it tests the relationship for a homogeneous sample of 24 European countries over the period 1990 through 2013. READ MORE

  6. 5. Growth Opportunities, Investment Propensity and Currency Risk Premia

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Martin Welz; [2014]
    Keywords : Carry trade; Capital inflows; Currency risk premia; Growth opportunities;

    Abstract : Recent studies have found a link between exchange rate returns and macroeconomic imbalances. However, focusing mainly on standard fundamentals might not identify the true drivers of an economy's future repayment ability and therefore currency risk. READ MORE