Reflections on Capital Flows in the Euro Area

Philip R. Lane

Chapter 20 in Enacting Globalization, 2014, pp 219-229 from Palgrave Macmillan

Abstract: Abstract We investigate the behaviour of gross capital flows and net capital flows for Euro area member countries. We highlight the extraordinary boom-bust cycles in both gross flows and net flows since 2003. We emphasize that the reversal in net capital flows during the crisis has been very costly in terms of macroeconomic and financial outcomes for the high-deficit countries. These empirical patterns call for wide-ranging reforms to improve macro-financial stability across the euro area.

Keywords: Current Account; Euro Area; European Central Bank; Monetary Union; Sudden Stop (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-36194-3_20

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137361943

DOI: 10.1057/9781137361943_20

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().