Coverart for item
The Resource Evolution of current account deficits in the euro area periphery and the Baltics : many paths to the same endpoint, Joong Shik Kang and Jay C. Shambaugh

Evolution of current account deficits in the euro area periphery and the Baltics : many paths to the same endpoint, Joong Shik Kang and Jay C. Shambaugh

Label
Evolution of current account deficits in the euro area periphery and the Baltics : many paths to the same endpoint
Title
Evolution of current account deficits in the euro area periphery and the Baltics
Title remainder
many paths to the same endpoint
Statement of responsibility
Joong Shik Kang and Jay C. Shambaugh
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
Explanations of the large current account deficits for the euro area periphery and the Baltics in the run up to the crisis revolve around two main factors: deteriorating export performance or demand driven booms. We add that there were important movements in transfers and net income balances. While export performance remained relatively stable in most countries, for some countries, when transfers declined, households and firms borrowed so as to maintain the same level of spending. This was part of a persistent failure to adjust to trade deficits, which, along with rising net income payments, led to growing current account deficits. All of these factors played varying roles in the development of current account deficits across these countries
Member of
Cataloging source
IDEBK
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Kang, Joong Shik
Index
no index present
LC call number
HG3881.5.I58 ONLINE
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
Shambaugh, Jay C.
Series statement
IMF Working Paper
Series volume
WP/13/169
http://library.link/vocab/subjectName
  • Balance of payments
  • Balance of payments
  • Balance of payments
  • Baltic States
  • Europe
Label
Evolution of current account deficits in the euro area periphery and the Baltics : many paths to the same endpoint, Joong Shik Kang and Jay C. Shambaugh
Instantiates
Publication
Note
"July 2013."
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Cover; Contents; I. Introduction; II. Different Paths to External Imbalances; A. Exports; B. Imports; C. Non-Trade Components; III. Current Account Developments for Individual Countries; A. Greece; B. Portugal; C. Spain; D. Ireland; E. The Baltics; IV. Conclusion; References; Appendix. Merchandise Export Market Share; Figures; Figure 1. Current Account; Figure 2. CPI-Based REER; Figure 3. Economy-wide ULC; Figure 4. Merchandise Export Market Share; Figure 5. ULC Increase; Figure 6. Change in Exports and Imports; Figure 7. Current Account Development; Figure 8. Estonia: Exports and ULC growth
  • Figure 25. Spain: Housing PricesFigure 26. Spain: Net Capital Flows & ULC; Figure 27. Spain: Growth Decomposition; Figure 28. Ireland: Current Account; Figure 29. Ireland: Net Capital Flows & ULC; Figure 30. Ireland: Housing Prices; Figure 31. Ireland: ULC; Figure 32. Estonia: Current Account; Figure 33. Latvia: Current Account; Figure 34. Lithuania: Current Account; Figure 35. Estonia: Current Account; Figure 36. ULC and Export Market Share; Figure 37. Export & Import Volume Growth; Figure 38. Estonia: Growth Decomposition; Figure 39. Latvia: Growth Decomposition
  • Figure 40. Lithuania: Growth DecompositionFigure 41. Current Account; Figure 42. Real GDP, Exports, and Imports in National Currency; Figure 43. GDP Deflator-Based REER; Figure 44. ULC (Economy)-Based REER; Figure 45. ULC (Economy); Figure 46. Productivity (Economy); Table; Table 1. Market Share of Merchandise Exports (ex-Euro Area)
  • Figure 9. Latvia: Net Capital Flows & ULCFigure 10. Housing Prices (1997=100); Figure 11. Portugal: Growth Decomposition; Figure 12. Greece: Fiscal Balance and ULC; Figure 13. Portugal: Current Account; Figure 14. Greece: Current Account; Figure 15. Change in Income Balance; Figure 16. Greece: Current Account; Figure 17. Greece: Transfers; Figure 18. Greece: Growth Contribution; Figure 19. Greece: Housing Prices; Figure 20. Greece: ULC; Figure 21. Portugal: Current Account; Figure 22. Portugal: Transfers; Figure 23. Portugal: Growth Contribution; Figure 24. Spain: Current Account
Control code
856625660
Dimensions
unknown
Extent
1 online resource
Form of item
online
Isbn
9781475594270
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
http://library.link/vocab/ext/overdrive/overdriveId
511565
Specific material designation
remote
System control number
  • imfWPIEA2013169
  • (IMF)WPIEA2013169
  • (OCoLC)856625660
Label
Evolution of current account deficits in the euro area periphery and the Baltics : many paths to the same endpoint, Joong Shik Kang and Jay C. Shambaugh
Publication
Note
"July 2013."
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Cover; Contents; I. Introduction; II. Different Paths to External Imbalances; A. Exports; B. Imports; C. Non-Trade Components; III. Current Account Developments for Individual Countries; A. Greece; B. Portugal; C. Spain; D. Ireland; E. The Baltics; IV. Conclusion; References; Appendix. Merchandise Export Market Share; Figures; Figure 1. Current Account; Figure 2. CPI-Based REER; Figure 3. Economy-wide ULC; Figure 4. Merchandise Export Market Share; Figure 5. ULC Increase; Figure 6. Change in Exports and Imports; Figure 7. Current Account Development; Figure 8. Estonia: Exports and ULC growth
  • Figure 25. Spain: Housing PricesFigure 26. Spain: Net Capital Flows & ULC; Figure 27. Spain: Growth Decomposition; Figure 28. Ireland: Current Account; Figure 29. Ireland: Net Capital Flows & ULC; Figure 30. Ireland: Housing Prices; Figure 31. Ireland: ULC; Figure 32. Estonia: Current Account; Figure 33. Latvia: Current Account; Figure 34. Lithuania: Current Account; Figure 35. Estonia: Current Account; Figure 36. ULC and Export Market Share; Figure 37. Export & Import Volume Growth; Figure 38. Estonia: Growth Decomposition; Figure 39. Latvia: Growth Decomposition
  • Figure 40. Lithuania: Growth DecompositionFigure 41. Current Account; Figure 42. Real GDP, Exports, and Imports in National Currency; Figure 43. GDP Deflator-Based REER; Figure 44. ULC (Economy)-Based REER; Figure 45. ULC (Economy); Figure 46. Productivity (Economy); Table; Table 1. Market Share of Merchandise Exports (ex-Euro Area)
  • Figure 9. Latvia: Net Capital Flows & ULCFigure 10. Housing Prices (1997=100); Figure 11. Portugal: Growth Decomposition; Figure 12. Greece: Fiscal Balance and ULC; Figure 13. Portugal: Current Account; Figure 14. Greece: Current Account; Figure 15. Change in Income Balance; Figure 16. Greece: Current Account; Figure 17. Greece: Transfers; Figure 18. Greece: Growth Contribution; Figure 19. Greece: Housing Prices; Figure 20. Greece: ULC; Figure 21. Portugal: Current Account; Figure 22. Portugal: Transfers; Figure 23. Portugal: Growth Contribution; Figure 24. Spain: Current Account
Control code
856625660
Dimensions
unknown
Extent
1 online resource
Form of item
online
Isbn
9781475594270
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
http://library.link/vocab/ext/overdrive/overdriveId
511565
Specific material designation
remote
System control number
  • imfWPIEA2013169
  • (IMF)WPIEA2013169
  • (OCoLC)856625660

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