01603cas a2200253 a 4500 AALejournalIMF009348 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451867084 1018-5941 BD-DhAAL BD-DhAAL Lane, Philip. Europe and Global Imbalances / Philip Lane, Gian Milesi-Ferretti. Washington, D.C. : International Monetary Fund, 2007. 1 online resource (59 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 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. Mode of access: Internet Milesi-Ferretti, Gian. IMF Working Papers; Working Paper ; No. 2007/144 Full text available on IMF http://elibrary.imf.org/view/journals/001/2007/144/001.2007.issue-144-en.xml IMF e-Library