Title Adjustment in euro area deficit countries : progress, challenges, and policies / prepared by Thierry Tressel, Shengzu Wang, Joong Shik Kang, and Jay Shambaugh, directed by Jörg Decressin and Petya Koeva Brooks.

Publication Info.

Washington, D.C. : International Monetary Fund, European Department and Research Department, 2014.

Online access
Online eBook via EBSCO. Access restricted to current Rider University students, faculty, and staff.
Instructions for reading/downloading the EBSCO version of this eBook

Item Status

Description	1 online resource (34 pages).
Physical Medium	polychrome
Description	text file
Series	IMF staff discussion note ; SDN/14/7
	IMF staff discussion note ; SDN/14/7.
Note	"July 2014."
Summary	"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.
Local Note	eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America
Subject	Monetary unions -- European Union countries.
	Monetary unions.
	European Union countries.
	Balance of payments -- European Union countries.
	Balance of payments.
	Budget deficits -- European Union countries.
	Budget deficits.
	Financial crises -- European Union countries.
	Financial crises.
Genre/Form	Electronic books.
Added Author	Tressel, Thierry.
	International Monetary Fund. European Department.
	International Monetary Fund. Research Department.
Other Form:	Print version: Tressel, Thierry Adjustment in Euro Area Deficit Countries: Progress, Challenges, and Policies Washington, D.C. : International Monetary Fund,2014 9781498373814
ISBN	9781498362900
	1498362907
	149837381X
	9781498373814
	9781498309110 (electronic book)
	1498309119 (electronic book)
Standard No.	10.5089/9781498373814.006
Music No.	MWT11409239

Title Adjustment in euro area deficit countries : progress, challenges, and policies / prepared by Thierry Tressel, Shengzu Wang, Joong Shik Kang, and Jay Shambaugh, directed by Jörg Decressin and Petya Koeva Brooks.

Item Status

Library Links

Search Tools