Berger, Helge ; Nitsch, Volker (2012)
Bilateral Imbalances in Europe.
Report, Bibliographie
Kurzbeschreibung (Abstract)
This paper examines the association between trade and financial linkages among European countries. We find that, with the introduction of the euro, trade imbalances among euro area members widened considerably, even after allowing for permanent asymmetries in trade competitiveness within pairs of countries or in the overall trade competitiveness of individual countries. Moreover, there is a significant relationship between patterns of trade and bilateral financial linkages, especially within the euro area; a surplus of a country in a bilateral trade relationship is typically accompanied by a country’s positive net financial position vis-à-vis the respective partner country.
Typ des Eintrags: | Report |
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Erschienen: | 2012 |
Autor(en): | Berger, Helge ; Nitsch, Volker |
Art des Eintrags: | Bibliographie |
Titel: | Bilateral Imbalances in Europe |
Sprache: | Englisch |
Publikationsjahr: | 1 Juli 2012 |
Ort: | Darmstadt |
Reihe: | Darmstadt Discussion Papers in Economics |
Band einer Reihe: | 214 |
URL / URN: | http://econstor.eu/bitstream/10419/84879/1/719956080.pdf |
Kurzbeschreibung (Abstract): | This paper examines the association between trade and financial linkages among European countries. We find that, with the introduction of the euro, trade imbalances among euro area members widened considerably, even after allowing for permanent asymmetries in trade competitiveness within pairs of countries or in the overall trade competitiveness of individual countries. Moreover, there is a significant relationship between patterns of trade and bilateral financial linkages, especially within the euro area; a surplus of a country in a bilateral trade relationship is typically accompanied by a country’s positive net financial position vis-à-vis the respective partner country. |
Freie Schlagworte: | trade balance, international investment position, euro, EMU, European integration |
Zusätzliche Informationen: | JEL Code: F15; F16; F32; F36; F42 |
Fachbereich(e)/-gebiet(e): | 01 Fachbereich Rechts- und Wirtschaftswissenschaften 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Volkswirtschaftliche Fachgebiete 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Volkswirtschaftliche Fachgebiete > Fachgebiet Internationale Wirtschaft |
Hinterlegungsdatum: | 11 Jul 2012 12:13 |
Letzte Änderung: | 17 Nov 2021 08:07 |
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