Journal (Complete Issue)

ifo Schnelldienst 16/2011 "The European Balance of Payments Crisis"

ifo Institut, München, 2011

in: ifo Schnelldienst, 2011, 64, Nr. 16

Europe is currently in a problematic situation. The debt of peripheral euro countries is constantly growing. Above all, wages and prices in some countries are far removed from their competitive levels. The balance of payments deficits are not disappearing, and the rescue sums are growing year by year.
In order to shed light on the problem, the Ifo Institute asked experts from academia, business and politics to take short position on these issues. The 15 articles are preceded by an introduction by the President of the Ifo Institute, Hans-Werner Sinn.

Articles included

Article in Journal

ifo Schnelldienst 16/2011 "The European Balance of Payments Crisis"

Articles included

The European balance of payments crisis – an introduction

The balance of payments tells us everything

Balance of payments crises in the euro system: Greece in the role of a reserve currency country?

The euro in 2084

Bank refinancing drives up the Target debt

What do the current account deficits of the GIPS countries have to do with their target debt to the ECB?

Macroeconomic imbalances in the euro area and the euro system

The ECB on a crooked path

Comments on the Target2 debate

Money, capital markets and welfare: an impact analysis of the Target2 balances

The weakening of the asset-protection function of the euro

Balances in the Target2 payment system – a problem?

More market elements as one solution for the European balance of payments crisis?

Further remarks on the Target2 debate during the financial crisis

Ways out of the European sovereign debt crisis after the July 2011 Summit decisions

Balance of payments in the currency union: recent events make an old question appear in a new light