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Bilateral Imbalances in Europe

Berger, Helge ; Nitsch, Volker (2012)
Bilateral Imbalances in Europe.
Report, Primary publication

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Item Type: Report
Type of entry: Primary publication
Title: Bilateral Imbalances in Europe
Language: English
Date: 1 July 2012
Place of Publication: Darmstadt
Series: Darmstadt Discussion Papers in Economics
Series Volume: 214

This paper examines the association between trade and financial linkages among European countries. We find that, with the introduction of the euro, trade imbalances among euro area members widened considerably, even after allowing for permanent asymmetries in trade competitiveness within pairs of countries or in the overall trade competitiveness of individual countries. Moreover, there is a significant relationship between patterns of trade and bilateral financial linkages, especially within the euro area; a surplus of a country in a bilateral trade relationship is typically accompanied by a country’s positive net financial position vis-à-vis the respective partner country.

Uncontrolled Keywords: trade balance, international investment position, euro, EMU, European integration
URN: urn:nbn:de:tuda-tuprints-47126
Additional Information:

JEL Code: F15; F16; F32; F36; F42

Classification DDC: 300 Social sciences > 330 Economics
Divisions: 01 Department of Law and Economics
01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete
01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete > International Economics
Date Deposited: 11 Jul 2012 12:13
Last Modified: 26 Jan 2016 14:44
URI: https://tuprints.ulb.tu-darmstadt.de/id/eprint/4712
PPN: 37794078X
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