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Global current account imbalances- how to manage the risk for Europe

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  • Alan Ahearne
  • Jürgen von Hagen

Abstract

Alan Ahearne and Jürgen von Hagen examine one of the most alarming global economic developments in recent years- the evolution of global current account imbalances and its implications for European policy.

Suggested Citation

  • Alan Ahearne & Jürgen von Hagen, 2005. "Global current account imbalances- how to manage the risk for Europe," Policy Briefs 231, Bruegel.
    • Handle: RePEc:bre:polbrf:231
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    References listed on IDEAS

    as
    1. Maurice Obstfeld & Kenneth Rogoff, 2007. "The Unsustainable US Current Account Position Revisited," NBER Chapters, in: G7 Current Account Imbalances: Sustainability and Adjustment, pages 339-376, National Bureau of Economic Research, Inc.
    2. Menzie D. Chinn, 2005. "Doomed to Deficits? Aggregate U.S. Trade Flows Re-Examined," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 141(3), pages 460-485, October.
    3. Olivier Blanchard & Francesco Giavazzi & Filipa Sa, 2005. "The U.S. Current Account and the Dollar," NBER Working Papers 11137, National Bureau of Economic Research, Inc.
    4. William R. Cline, 2005. "United States as a Debtor Nation, The," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 3993, October.
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    Cited by:

    1. Schmitz, Birgit & von Hagen, Jürgen, 2011. "Current account imbalances and financial integration in the euro area," Journal of International Money and Finance, Elsevier, vol. 30(8), pages 1676-1695.
    2. Mr. Helge Berger & Volker Nitsch, 2010. "The Euro’s Effecton Trade Imbalances," IMF Working Papers 2010/226, International Monetary Fund.
    3. Siebert, Horst, 2006. "International exchange rate systems: Where do we stand?," Kiel Working Papers 1288, Kiel Institute for the World Economy (IfW Kiel).
    4. Jörg Bibow, 2007. "Global Imbalances, Bretton Woods II, and Euroland’s Role in All This," Palgrave Macmillan Books, in: Jörg Bibow & Andrea Terzi (ed.), Euroland and the World Economy, chapter 1, pages 15-42, Palgrave Macmillan.
    5. Barry Eichengreen, 2008. "Should there be a coordinated response to the problem of global imbalances? Can there be one?," Working Papers 69, United Nations, Department of Economics and Social Affairs.
    6. Alan Ahearne & Jürgen von Hagen, 2006. "European perspectives on global imbalances," Working Papers 50, Bruegel.
    7. von Hagen, Jurgen & Schmitz, Birgit, 2009. "Current Account Imbalances and Financial Integration in the Euro Area," CEPR Discussion Papers 7262, C.E.P.R. Discussion Papers.

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