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On the origin of European imbalances in the context of European integration

Carlos Carrasco and Patricia Peinado ()

Working papers from Financialisation, Economy, Society & Sustainable Development (FESSUD) Project

Abstract: We study the origin of European imbalances in the context of European integration. As a whole, the European Union and Eurozone have had nearly balanced external accounts. However, member countries have presented divergent positions. We analyse the factors underlying the presence of European external imbalances. Our results reveal the existence of a structural component of the current account. This compononent could be related to the economic structure and the non-price competitive advantages of each country.

Keywords: current account; Eurpoean imbalances; European integration; competitiveness; catching-up (search for similar items in EconPapers)
JEL-codes: E44 E65 F15 F32 H63 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2014-10-01
New Economics Papers: this item is included in nep-acc, nep-eec and nep-mac
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Journal Article: On the Origin of European Imbalances in the Context of European Integration (2015) Downloads
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