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Progress Towards External Adjustment in the Euro Area Periphery and the Baltics

Author/Editor: Joong S Kang, Jay C Shambaugh.

Release Date:July, 2014

The euro area periphery countries and the Baltic countries, which had large current account deficits in the run-up to the crisis, needed adjustment of relative prices to achieve both internal and more...



Price: $18.00
Adjustment in Euro Area Deficit Countries : Progress, Challenges, and Policies

Author/Editor: Thierry Tressel, Shengzu Wang, Joong S Kang, Jay C Shambaugh, Jörg Decressin, Petya Koeva Brooks.

Release Date:July, 2014

Imbalances within the euro area have been a defining feature of the crisis. This paper provides a critical analysis of the ongoing rebalancing of euro area “deficit economies” (Greece, Ireland, more...



Price: $10.00