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Balance-of-payments adjustment in the Eurozone. CEPS Policy Brief No. 338, January 2016

Micossi, Stefano. (2016) Balance-of-payments adjustment in the Eurozone. CEPS Policy Brief No. 338, January 2016. [Policy Paper]

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    Abstract

    This policy contribution describes the unresolved adjustment problems confronting the eurozone, and places them in historical perspective by comparing developments in key real economic variables under EMU with those observed under the Bretton Woods system. The main finding is that the eurozone is afflicted by a strong deflationary bias and that, therefore, under current trends, deep economic

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > EMU/EMS/euro
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Policy Briefs
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 27 Jan 2016 09:37
    Number of Pages: 13
    Last Modified: 27 Jan 2016 09:37
    URI: http://aei.pitt.edu/id/eprint/70992

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