Progress Towards External Adjustment in the Euro Area Periphery and the Baltics /

The euro area periphery countries and the Baltic countries, which had large current account deficits in the run-up to the crisis, needed adjustment of relative prices to achieve both internal and external balances. Thus far, tangible progress has been made through lower wages and/or higher productiv...

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Главный автор: Kang, Joong
Другие авторы: Shambaugh, Jay
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2014.
Серии:IMF Working Papers; Working Paper ; No. 2014/131
Online-ссылка:Full text available on IMF