External Imbalances in the European Union Before and After the Financial Crisis
External Imbalances in the European Union Before and After the Financial Crisis

Author(s): Daniel Stavarek
Subject(s): Government/Political systems, Economic development, EU-Accession / EU-DEvelopment, Financial Markets
Published by: Masarykova univerzita nakladatelství
Keywords: current account; savings-investment; international competitiveness; demand; government bonds;
Summary/Abstract: Economic development in the EU during the pre-crisis period was typical of substantial macroeconomic and financial imbalances. Since the start of the crisis the size of imbalances has reduced rapidly, creating severe adjustment pressures. The aim of thepaper is to quantify the effect of the crisis on the size of external imbalances and to demonstrate the adjustment process in the EU.

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