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Financial integration, national savings and national investment in the EU member-states

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  • Theodore Papadogonas
  • Yannis Stournaras
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    Abstract

    Financial integration in the EU is reflected in a lower correlation coefficient between national savings and national investment with different implications for “European South” and “European North” member-states.

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    File URL: http://www.informaworld.com/openurl?genre=article&doi=10.1080/13504850500426087&magic=repec&7C&7C8674ECAB8BB840C6AD35DC6213A474B5
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    Bibliographic Info

    Article provided by Taylor & Francis Journals in its journal Applied Economics Letters.

    Volume (Year): 13 (2006)
    Issue (Month): 14 ()
    Pages: 953-956

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    Handle: RePEc:taf:apeclt:v:13:y:2006:i:14:p:953-956

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    1. Olivier Blanchard & Francesco Giavazzi, 2002. "Current Account Deficits in the Euro Area: The End of the Feldstein Horioka Puzzle?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 33(2), pages 147-210.
    2. Martin Feldstein & Charles Horioka, 1979. "Domestic Savings and International Capital Flows," NBER Working Papers 0310, National Bureau of Economic Research, Inc.
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