Capital markets and external current accounts : what to expect from the euro /
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Author / Creator: | Decressin, Jörg. |
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Imprint: | [Washington, D.C.] : International Monetary Fund, European I Dept., ©2000. |
Description: | 1 online resource (37 pages) : illustrations |
Language: | English |
Series: | IMF working paper, 2227-8885 ; WP/00/154 IMF working paper ; WP/00/154. |
Subject: | |
Format: | E-Resource Book |
URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12495971 |
Summary: | The paper compares the degree of capital market integration across euro-area countries with that across regions in Italy and provinces in Canada. Analyzing saving-investment correlations, and developing as well as fitting to the data a model of capital flows, reveal no compelling differences between the integration across countries before monetary union and that across the regions or provinces. The evidence does not suggest that EMU will prompt a major reallocation of net capital flows within the euro area that would entail sizable shifts in countries' equilibrium current accounts. |
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Physical Description: | 1 online resource (37 pages) : illustrations |
Format: | Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |
Bibliography: | Includes bibliographical references (pages 35-37). |
ISBN: | 1451902387 9781451902389 1462334741 9781462334742 1452739102 9781452739106 1282108220 9781282108226 9786613801579 6613801577 9781451857221 1451857225 |
ISSN: | 2227-8885 ; |