TU Darmstadt / ULB / TUbiblio

Bilateral Imbalances in Europe

Berger, Helge and Nitsch, Volker (2012):
Bilateral Imbalances in Europe.
In: CESifo Economic Studies, [Online-Edition: http://cesifo.oxfordjournals.org/content/early/2012/12/05/ce...],
[Article]

Abstract

This article examines the association between trade and financial linkages among 18 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.

Item Type: Article
Erschienen: 2012
Creators: Berger, Helge and Nitsch, Volker
Title: Bilateral Imbalances in Europe
Language: English
Abstract:

This article examines the association between trade and financial linkages among 18 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.

Journal or Publication Title: CESifo Economic Studies
Uncontrolled Keywords: JEL codes: F15, F16, F32, F36, F42
Divisions: 01 Department of Law and Economics
01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete
01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete > International Economics
Date Deposited: 29 Jan 2014 12:17
Official URL: http://cesifo.oxfordjournals.org/content/early/2012/12/05/ce...
Additional Information:

CESifo Economic Studies (2013) 59 (3): 559-575 first published online December 5, 2012 doi:10.1093/cesifo/ifs033

Export:

Optionen (nur für Redakteure)

View Item View Item