The oil impact on EM Europe’s structural current accounts: a tale of two countries
Published on Thursday, May 12, 2016 | Updated on Thursday, May 12, 2016
The oil impact on EM Europe’s structural current accounts: a tale of two countries
Summary
We examine the oil price effects on the current account balances of the Emerging European economies. To deal with, we decompose current accounts into cyclical and structural components. The emerging Europe (excluding Russia) current account balance is net winner of the new oil paradigm not only in cyclical position but also in structural aspects.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Asuman Kemiksiz
Álvaro Ortiz
BBVA Research - Head of Analysis with Big Data
Alfonso Ugarte
BBVA Research - Principal Economist
Documents and files
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Report (PDF)
20160512 The Oil impact of CAD in EM Europe_A tale of two countries (1) (1)
English - May 12, 2016