01692cas a2200253 a 4500 AALejournalIMF001357 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451857221 1018-5941 BD-DhAAL BD-DhAAL Decressin, Jorg. Capital Markets and External Current Accounts : What to Expect From the Euro / Jorg Decressin, Piti Disyatat. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (38 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The paper compares the degree of capital market integration across euro-area countries with that across regions in Italy and provinces in Canada. Analyzing saving-investment correlations, and developing as well as fitting to the data a model of capital flows, reveal no compelling differences between the integration across countries before monetary union and that across the regions or provinces. The evidence does not suggest that EMU will prompt a major reallocation of net capital flows within the euro area that would entail sizable shifts in countries' equilibrium current accounts. Mode of access: Internet Disyatat, Piti. IMF Working Papers; Working Paper ; No. 2000/154 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/154/001.2000.issue-154-en.xml IMF e-Library