Suche nach Schlagworten '00010445'
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Title: Balance of payments of the European Union Institutions |
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Series Title:Statistical Office of the European Communities (Eurostat) - Working papers and studies |
Author (Corp. Body): Europäische Kommission / Statistisches Amt | European Commission / Statistical Office (Eurostat) |
Publisher: European Communities / Office for Official Publications | Amt für Amtliche Veröffentlichungen |
Year: 2001 |
ISBN / ISSN / Kat.Nr: KS-AO-02-002-EN-N |
Language: en |
Ressource: Einzelne Arbeitspapiere, Preprints |
Keyword: balance of payments |
Subject: European Community institutionsMoney. FinancingData collection |
Online Ressource: vorübergehend nicht erreichbar! |
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission (http://ec.europa.eu/) |
Title: The Spanish external deficit: cyclical or structural? |
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Abstract In 2005 the current account deficit attained 7½% of GDP, its worst position of the last 25 years, and in 2006 it might reach 8½%. Traditionally, Spains trade deficit has been partially offset by surpluses in other external balances, particularly service trade, as a result of large net tourism inflows, but since 2005, the current account deficit has been as large as the trade deficit. While cyclical factors, strong domestic and weak foreign demand, and the transitory effect of the increase in oil prices certainly have some bearing on the deterioration of the current account balance, structural factors, linked to persistent competitiveness losses, also play a significant role. In the past, attempts to rebalance external accounts relied on the exchange rate instrument. However, as devaluation is no longer an available option since accession to the monetary union, the focus should be put on rolling out policies designed to enhance productivity growth in other words, implementing the Lisbon agenda. This remains crucial to recovering lost competitiveness and rebalancing the external accounts. |
Author: Bravo, Alberto Cabrero | Igal, Javier Yaniz |
Series Title: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen - Ecfin country focus ; 2007,01 |
Contributer: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen |
Year: 2007 |
Language: en |
Ressource: Einzelne Berichte, Studien |
Keyword: Balance of Paymentsbalance of payments |
Subject: Trade |
Countries Scheme: Spain |
Online Ressource: vorübergehend nicht erreichbar! |
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission (http://ec.europa.eu/) |
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