Sudden stops and current account reversals: the euro area experience

SEEU Review

Temjanovski Riste¹  Gorgieva-Trajkovska Olivera¹  Svrtinov Vesna Georgieva² 

[1] PhD, “Goce Delcev University” Faculty of Economics, St. Krste Misirkov 10/A Stip, Republic of Macedonia;PhD, “Ss. Cyril and Methodius University” Skopje, Institute of Economics - Skopje, St. Prolet 1, Republic of Macedonia;

关键词: capital flows;    sudden stops;    current account reversals;    euro zone;   

DOI  :  10.1515/seeur-2015-0026

来源: DOAJ

【 摘 要 】

The paper analyzes the impact of massive capital flows and possible sudden stops on current account reversals. The aim of this paper is to consider the relationship between sudden stops and current account reversals in the eurozone and to explain the possibility of a balance-of-payment crisis within a monetary union.

【 授权许可】

Unknown