Financial integration, national savings and national investment in the EU member-states
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.
Volume (Year): 13 (2006)
Issue (Month): 14 ()
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- 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.
- 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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