Hume on hold?

Michael Burda, 17 May 2012

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The great Scottish philosopher and economist David Hume understood all too well how national boundaries and balance-of-payment statistics affect and even determine flows of international trade. Where national boundaries exist, customs offices and government bureaucracies assiduously monitor the flow of goods and assets between countries.

Topics: EU institutions, International finance
Tags: balance of payments, Central Banks, David Hume

The Eurozone crisis: Fiscal fragility, external imbalances, or both?

Pietro Alessandrini, Andrew Hughes Hallett, Andrea F Presbitero, Michele Fratianni, 16 May 2012

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The speculative attack against Eurozone sovereign debt, reflected in the extraordinary rise in the yields of government bonds for Greece, Ireland, Italy, Portugal, and Spain (known affectionately as the GIIPS) since the start of 2010, has sparked a heated policy debate on how best to stabilise the Eurozone (see the Vox debate moderated by

Topics: EU policies
Tags: balance of payments, Eurozone crisis, Fiscal crisis

Sudden stops in the Eurozone

Jean Pisani-Ferry, Silvia Merler, 2 April 2012

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Many analysts and observers have put forward that the euro crisis is a balance-of-payments crisis at least as much as a fiscal crisis (e.g. Carney 2012, Giavazzi and Spaventa 2011, Sinn 2012, Wolf 2011).

Topics: EU policies
Tags: balance of payments, capital flows, current account, sudden stops

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