On the Persistence of Trade Imbalances: Evidence from Europe

Helge Berger and Volker Nitsch

Publications of Darmstadt Technical University, Institute for Business Studies (BWL) from Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL)

Abstract: One lens through which to view global economic interdependence and the spillover of shocks is that of decoupling (and then recoupling). Decoupling between developed and developing countries can be seen in the strong economic performance of China and India relative to that of the United States and Europe in the early 2000s. Recoupling then took place as developing countries sank along with the developed world during the deepening financial crisis of 2008. This volume examines patterns of global economic interdependence and the propagation of shocks in an increasingly integrated world economy. The contributors discuss such topics as the transmission of exogenous shocks; causes of business cycle synchronicity; the differences between global and regional shocks; the South-South trade relationship and its effect on decoupling; vertical specialization and Mexico’s manufacturing exports; growth prospects in China, the United States, and Europe after the financial crisis; and the evolving role of the U.S. dollar in international monetary architecture.

Date: 2013
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Published in CESifo Seminar (2013) : pp. 213-232

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http://mitpress.mit.edu/books/global-interdependence-decoupling-and-recoupling

Related works:
Working Paper: On the Persistence of Trade Imbalances: Evidence from Europe (2013)
Working Paper: On the Persistence of Trade Imbalances: Evidence from Europe (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:dar:wpaper:63683

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