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Adjustment in euro area deficit countries : progress, challenges, and policies /

"Imbalances within the euro area have been a defining feature of the crisis. Since the start of Economic and Monetary Union (EMU), several euro area 'deficit' economies have accumulated large net foreign liabilities (NFLs) on the back of domestic demand booms and large capital inflows...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores Corporativos: International Monetary Fund. European Department, International Monetary Fund. Research Department
Otros Autores: Tressel, Thierry
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund, European Department and Research Department, 2014.
Colección:IMF staff discussion note ; SDN/14/7.
Temas:
Acceso en línea:Texto completo

MARC

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245 0 0 |a Adjustment in euro area deficit countries :  |b progress, challenges, and policies /  |c prepared by Thierry Tressel, Shengzu Wang, Joong Shik Kang, and Jay Shambaugh, directed by Jörg Decressin and Petya Koeva Brooks. 
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490 1 |a IMF staff discussion note ;  |v SDN/14/7 
500 |a "July 2014." 
520 |a "Imbalances within the euro area have been a defining feature of the crisis. Since the start of Economic and Monetary Union (EMU), several euro area 'deficit' economies have accumulated large net foreign liabilities (NFLs) on the back of domestic demand booms and large capital inflows. These included Greece, Ireland, Portugal, and Spain. When the crisis hit, capital inflows stopped, and liquidity dried up. The deficit economies suffered deep recessions and very large increases in unemployment rates. The primitive forces that caused external imbalances have partly been reined in, including scaled-back expectations about future productivity growth and related capital flows and reduced implicit guarantees owing to financial sector reforms and policy actions, including debt restructuring."--Executive summary 
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650 0 |a Monetary unions  |z European Union countries. 
650 0 |a Balance of payments  |z European Union countries. 
650 0 |a Budget deficits  |z European Union countries. 
650 0 |a Financial crises  |z European Union countries. 
650 6 |a Unions monétaires  |z Pays de l'Union européenne. 
650 6 |a Balance des paiements  |z Pays de l'Union européenne. 
650 6 |a Déficit budgétaire  |z Pays de l'Union européenne. 
650 7 |a Balance of payments.  |2 fast  |0 (OCoLC)fst00825672 
650 7 |a Budget deficits.  |2 fast  |0 (OCoLC)fst00840404 
650 7 |a Financial crises.  |2 fast  |0 (OCoLC)fst00924607 
650 7 |a Monetary unions.  |2 fast  |0 (OCoLC)fst01025259 
651 7 |a European Union countries.  |2 fast  |0 (OCoLC)fst01269470 
700 1 |a Tressel, Thierry. 
710 2 |a International Monetary Fund.  |b European Department. 
710 2 |a International Monetary Fund.  |b Research Department. 
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