Europe and Global Imbalances

Although Europe in the aggregate is a not a major contributor to global current account imbalances, its trade and financial linkages with the rest of the world mean that it will still be affected by a shift in the current configuration of external deficits and surpluses. We assess the macroeconomic...

Full description

Bibliographic Details
Main Author: Lane, Philip
Other Authors: Milesi-Ferretti, Gian
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2007
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
LEADER 01914nmm a2200421 u 4500
001 EB000928740
003 EBX01000000000000000722336
005 00000000000000.0
007 cr|||||||||||||||||||||
008 150128 ||| eng
020 |a 9781451867084 
100 1 |a Lane, Philip 
245 0 0 |a Europe and Global Imbalances  |c Philip Lane, Gian Milesi-Ferretti 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2007 
300 |a 59 pages 
651 4 |a United States 
653 |a International finance 
653 |a Investments, Foreign 
653 |a Short-term Capital Movements 
653 |a Current account 
653 |a Current Account Adjustment 
653 |a Balance of payments 
653 |a Long-term Capital Movements 
653 |a External position 
653 |a Exports and Imports 
653 |a International economics 
653 |a Foreign assets 
653 |a Current account balance 
653 |a Current account deficits 
653 |a International Investment 
700 1 |a Milesi-Ferretti, Gian 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Working Papers 
028 5 0 |a 10.5089/9781451867084.001 
856 4 0 |u https://elibrary.imf.org/view/journals/001/2007/144/001.2007.issue-144-en.xml?cid=21036-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a Although Europe in the aggregate is a not a major contributor to global current account imbalances, its trade and financial linkages with the rest of the world mean that it will still be affected by a shift in the current configuration of external deficits and surpluses. We assess the macroeconomic impact on Europe of global current account adjustment under alternative scenarios, emphasizing both trade and financial channels. Finally, we consider heterogeneous exposure across individual European economies to external adjustment shocks