Capital Flows in the Euro Area
No 497, European Economy - Economic Papers 2008 - 2015 from Directorate General Economic and Financial Affairs (DG ECFIN), European Commission
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 also show 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. Finally, we describe the reforms that can improve macro-financial stability across the euro area.
JEL-codes: E42 F32 F41 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eec, nep-ifn, nep-mac, nep-mon and nep-opm
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Working Paper: Capital Flows in the Euro Area (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:euf:ecopap:0497
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