Sustainability of External Imbalances: A Critical Appraisal by Angélique HerzbergSustainability of External Imbalances: A Critical Appraisal by Angélique Herzberg

Sustainability of External Imbalances: A Critical Appraisal

byAngélique Herzberg

Paperback | September 10, 2014

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Since the mid-1990s, sustainability of large and persistent current account positions have been attracting much attention from policy makers and economists alike. Alongside global imbalances, sustainability of imbalances within the euro area, which started widening shortly after the introduction of the euro, raised much concern. While there exists a large body of theoretical and empirical literature on sustainability of external imbalances, a systematic survey has been lacking so far. Angélique Herzberg fills this gap by examining a broad range of established sustainability measures concerning their applicability to the various global and intra-euro imbalances of the recent past. Furthermore, the author examines the existence of feedback effects from an economy´s net international investment position to its trade balance.
Angélique Herzberg obtained a PhD in Economics in 2013 from Heinrich-Heine-University, Düsseldorf. Her areas of specialization are international macroeconomics and finance.
Title:Sustainability of External Imbalances: A Critical AppraisalFormat:PaperbackDimensions:329 pagesPublished:September 10, 2014Publisher:Springer-Verlag/Sci-Tech/TradeLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:3658070900

ISBN - 13:9783658070908


Table of Contents

Empirical Studies on the Validity of the Intertemporal Budget Constraint.- Dynamic Benchmarks of External Sustainability.