Current account imbalances in the European Union - Can convergence and competitiveness explain the intra-EU current account imbalances
The current account within the EU has been balanced on an aggregate level; nevertheless divergences among the members have increased since the introduction of the common currency. This thesis aims to explain the intra-EU current account imbalances (in the period 1993-2013) through the convergence and competitiveness hypothesis. We distinguish between balances towards the EU and the rest of the wor