02016cas a2200265 a 4500 AALejournalIMF013458 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484384046 1018-5941 BD-DhAAL BD-DhAAL Atoyan, Ruben. Rebalancing : Evidence from Current Account Adjustment in Europe / Ruben Atoyan, Jonathan Manning, Jesmin Rahman. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (29 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 After the 2003-2007 economic boom, European countries with large pre-crisis current account imbalances are undergoing adjustments. Countries are adjusting at different paces and ways reflecting the source and magnitude of imbalances, availability of financing, competitiveness of the tradable sector and external environment. While emerging European countries with large pre-crisis imbalances and a fixed exchange rate regime have seen sharp current account adjustments and a rebound in growth, adjustment in the euro zone periphery countries, which are also carrying a legacy of pre-crisis CA imbalances, has been gradual with difficulties bringing back growth. This paper is an empirical investigation of current account adjustment in Europe with a focus on these two groups, looking at contributions from cyclical and other factors, and seeking to draw policy conclusions. Mode of access: Internet Manning, Jonathan. Rahman, Jesmin. IMF Working Papers; Working Paper ; No. 2013/074 Full text available on IMF http://elibrary.imf.org/view/journals/001/2013/074/001.2013.issue-074-en.xml IMF e-Library