TU Darmstadt / ULB / TUbiblio

Bilateral Imbalances in Europe

Berger, Helge ; Nitsch, Volker :
Bilateral Imbalances in Europe.
[Online-Edition: http://econstor.eu/bitstream/10419/84879/1/719956080.pdf]
In: Darmstadt Discussion Papers in Economics , 214 . Darmstadt
[Report] , (2012)

Offizielle URL: 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.

Typ des Eintrags: Report
Erschienen: 2012
Autor(en): Berger, Helge ; Nitsch, Volker
Titel: Bilateral Imbalances in Europe
Sprache: Englisch
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.

Reihe: Darmstadt Discussion Papers in Economics
Band: 214
Ort: Darmstadt
Freie Schlagworte: trade balance, international investment position, euro, EMU, European integration
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
Offizielle URL: http://econstor.eu/bitstream/10419/84879/1/719956080.pdf
Zusätzliche Informationen:

JEL Code: F15; F16; F32; F36; F42

Export:

Optionen (nur für Redakteure)

Eintrag anzeigen Eintrag anzeigen