LEADER 04432oam 22009494 450 001 9910964435803321 005 20250426110619.0 010 $a9786612843419 010 $a9781462328529 010 $a1462328520 010 $a9781452769240 010 $a1452769249 010 $a9781282843417 010 $a1282843419 010 $a9781451872743 010 $a1451872747 035 $a(CKB)3390000000010644 035 $a(EBL)1608333 035 $a(Au-PeEL)EBL1608333 035 $a(CaPaEBR)ebr10368864 035 $a(OCoLC)680613588 035 $a(IMF)WPIEE2009127 035 $a(MiAaPQ)EBC1608333 035 $a(IMF)WPIEA2009127 035 $aWPIEA2009127 035 $a(EXLCZ)993390000000010644 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aCurrent Accounts in a Currency Union /$fJörg Decressin, Emil Stavrev 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a1 online resource (25 p.) 225 1 $aIMF Working Papers 300 $aDescription based upon print version of record. 320 $aIncludes bibliographical references. 327 $aContents; I. Introduction; II. The Literature; III. The Data; IV. Current Account Divergences and Dynamics; Figures; 1. Current Account Dispersions; 2. Adjustment to Country-Specific Current Account Shocks 1/; V. The Role of the Exchange Rate and Other Factors; 3. Real Exchange Rate Dispersions; Tables; 1. Estimates of Speed of Adjustment of Current Accounts; 4a: EMU and Other Countries: Impulse Responses of the Current Account; 4b: EMU and Other Countries: Impulse Responses of the Real Exchange Rate; 2. Current Account and Real Exchange Rate Persistence 327 $a5. EMU and Other Countries: Correlation Between Current Account3. Estimates of the Current Account Equation; 4. EMU Countries: Current Account Dispersions and NFA; 6. EMU Countries: Fundamental Current Account Dispersions; VI. Conclusion; 7. EMU Countries: Dispersions of Determinants of Current Accounts; Appendix; 8: EMU Countries: Testing for Structural Breaks; References 330 3 $aA fear about EMU was that in the absence of national currencies, country-specific shocks would result in greater current account divergences between member states. This paper finds that divergences across euro-area countries are smaller and have not risen relative to those across 13 other advanced economies with more flexible exchange rates. Also, the size of country-specific current account shocks in EMU countries is smaller and their persistence is greater than in the other advanced economies. However, these differences in current account dynamics do not appear related to different exchange rate dynamics. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/127 606 $aForeign exchange rates$zEuropean Union countries 606 $aForeign exchange$zEuropean Union countries 606 $aBalance of payments$2imf 606 $aCurrency$2imf 606 $aCurrent Account Adjustment$2imf 606 $aCurrent account balance$2imf 606 $aCurrent account$2imf 606 $aExchange rates$2imf 606 $aExports and Imports$2imf 606 $aForeign Exchange$2imf 606 $aForeign exchange$2imf 606 $aInternational economics$2imf 606 $aReal effective exchange rates$2imf 606 $aReal exchange rates$2imf 606 $aShort-term Capital Movements$2imf 607 $aGermany$2imf 615 0$aForeign exchange rates 615 0$aForeign exchange 615 7$aBalance of payments 615 7$aCurrency 615 7$aCurrent Account Adjustment 615 7$aCurrent account balance 615 7$aCurrent account 615 7$aExchange rates 615 7$aExports and Imports 615 7$aForeign Exchange 615 7$aForeign exchange 615 7$aInternational economics 615 7$aReal effective exchange rates 615 7$aReal exchange rates 615 7$aShort-term Capital Movements 676 $a332.4566 700 $aDecressin$b Jörg$01155853 701 $aStavrev$b Emil$01815673 801 0$bDcWaIMF 906 $aBOOK 912 $a9910964435803321 996 $aCurrent Accounts in a Currency Union$94371140 997 $aUNINA LEADER 01009nam a2200289 u 4500 001 991004384233507536 005 20250613100156.0 008 250613s2025 -uk aaa r 001 0 eng d 020 $a9781803929408 020 $a9781803929415 040 $aBibl. Dip.le Aggr. Scienze Umane e Sociali - Sez. Studi Storici 041 0 $aeng 082 0 $a302.14 245 10$aHandbook of trust and social psychology /$cedited by Ken J. Rotenberg, Serena Petrocchi, Annalisa Levante, Flavia Lecciso 260 $aCheltenham, UK ; Northampton, MA, USA :$bEdward Elgar Publishing,$c[2025] 300 $aXV, 334 p. :$bill. ;$c26 cm 490 0 $aResearch handbooks on social psychology 650 4$aPsicologia della massa 650 4$aPsicologia Sociale 650 4$aFiducia 700 1 $aRotenberg, Ken J. 700 1 $aLevante, Annalisa 700 1 $aLecciso, Flavia 700 1 $aPetrocchi, Serena 912 $a991004384233507536 996 $aHandbook of trust and social psychology$94452343 997 $aUNISALENTO