Current account deficits in the Euro area
the end of the Feldstein Horioka puzzle?
Our rough guess is there are 11,250 words in this book.
At a pace averaging 250 words per minute, this book will take 0 hours and 45 minutes to read. With a half hour per day, this will take 2 days to read.
How long will it take you?
This book will take an estimated to read at a reading speed averaging words per minute. With 30 minutes per day, this will take to read.
Enter your reading speedYou can take one of our WPM reading speed tests to find your reading speed.
Create a free account to track your reading progress, build your reading list, and set reading goals.
Author
Contributions
- Giavazzi, Francesco - Contributor
- Massachusetts Institute of Technology. Dept. of Economics - Contributor
Publication
2002 - Massachusetts Institute of Technology, Dept. of Economics, Cambridge, MA, Massachusetts
Language
English
Word Count
11,250 words, Guess
Page Count
45 pages
Identifiers
- Internet Archivecurrentaccountde00blan
- OCLC Control Number51798422
- Open LibraryOL24639926M
Alternate Titles
- Current account deficits
Description
Both Portugal and Greece have been running large current account deficits, and these are expected to continue in the future. Yet, financial markets do not appear to be worried. Starting from this observation, we document that Portugal and Greece are in fact representative of a broader evolution: Increasing goods and financial market integration is leading to an increasing decoupling of saving and investment within the European Union, and even more so within the Euro area. In particular, it is allowing poorer countries to invest more, save less, and run larger current account deficits. The converse holds for the richer countries. Keywords: Current Account, Europe, Euro, Feldstein Horioka Puzzle, Saving, Investment, Capital Market Integration, Product Market Integration. JEL Classification: F32, F36, F41, F43.
Subjects
Series Statement
- Working paper series / Massachusetts Institute of Technology, Dept. of Economics -- working paper 03-05
- Working paper (Massachusetts Institute of Technology. Dept. of Economics) -- no. 03-05.
Reader Reviews
No reviews yet for this book.
Be the first to share your thoughts!