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On the Persistence of Trade Imbalances: Evidence from Europe

Berger, Helge and Nitsch, Volker (2013):
On the Persistence of Trade Imbalances: Evidence from Europe.
In: Global interdependence, decoupling and recoupling / edited by Yin-Wong Cheung and Frank Westermann, Cambridge, The Mit Press, pp. 213-232, [Online-Edition: http://mitpress.mit.edu/books/global-interdependence-decoupl...],
[Book Section]

Abstract

One lens through which to view global economic interdependence and the spillover of shocks is that of decoupling (and then recoupling). Decoupling between developed and developing countries can be seen in the strong economic performance of China and India relative to that of the United States and Europe in the early 2000s. Recoupling then took place as developing countries sank along with the developed world during the deepening financial crisis of 2008. This volume examines patterns of global economic interdependence and the propagation of shocks in an increasingly integrated world economy.

The contributors discuss such topics as the transmission of exogenous shocks; causes of business cycle synchronicity; the differences between global and regional shocks; the South-South trade relationship and its effect on decoupling; vertical specialization and Mexico’s manufacturing exports; growth prospects in China, the United States, and Europe after the financial crisis; and the evolving role of the U.S. dollar in international monetary architecture.

Item Type: Book Section
Erschienen: 2013
Creators: Berger, Helge and Nitsch, Volker
Title: On the Persistence of Trade Imbalances: Evidence from Europe
Language: English
Abstract:

One lens through which to view global economic interdependence and the spillover of shocks is that of decoupling (and then recoupling). Decoupling between developed and developing countries can be seen in the strong economic performance of China and India relative to that of the United States and Europe in the early 2000s. Recoupling then took place as developing countries sank along with the developed world during the deepening financial crisis of 2008. This volume examines patterns of global economic interdependence and the propagation of shocks in an increasingly integrated world economy.

The contributors discuss such topics as the transmission of exogenous shocks; causes of business cycle synchronicity; the differences between global and regional shocks; the South-South trade relationship and its effect on decoupling; vertical specialization and Mexico’s manufacturing exports; growth prospects in China, the United States, and Europe after the financial crisis; and the evolving role of the U.S. dollar in international monetary architecture.

Title of Book: Global interdependence, decoupling and recoupling / edited by Yin-Wong Cheung and Frank Westermann
Series Name: CESifo Seminar
Place of Publication: Cambridge
Publisher: The Mit Press
ISBN: 978-0-262-01980-4
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 12:13
Official URL: http://mitpress.mit.edu/books/global-interdependence-decoupl...
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