IDEAS home Printed from https://ideas.repec.org/a/sdo/regaec/v21y2012iex_7.html
   My bibliography  Save this article

Current Account Imbalances and the Crisis in the Euro Area

Author

Listed:
  • Frías Pinedo, Isidro
  • Díaz Vázquez, María Rosario
  • Iglesias Casal, Ana

Abstract

In this paper we study the factors that explain the sustainability of current account imbalances in the Euro area and its relation with the economic crisis, addressing specifically the case of Spain. Estimation of foreign trade equations for Spain shows that a sustainable situation for trade imbalances could have been reached in two ways. Firstly, through an agreed actuation implemented in order to rise aggregated demand in central states over that in countries in the periphery. Secondly, controlling the pro cyclical movements promoted by monetary and credit variables.

Suggested Citation

  • Frías Pinedo, Isidro & Díaz Vázquez, María Rosario & Iglesias Casal, Ana, 2012. "Current Account Imbalances and the Crisis in the Euro Area," Revista Galega de Economía, University of Santiago de Compostela. Faculty of Economics and Business., vol. 21(ex).
    • Handle: RePEc:sdo:regaec:v:21:y:2012:i:ex_7
    as

    Download full text from publisher

    File URL: http://www.usc.es/econo/RGE/Vol21_ex/castelan/art7c.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sdo:regaec:v:21:y:2012:i:ex_7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marisa Chas-Amil (email available below). General contact details of provider: https://edirc.repec.org/data/feusces.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.