Current Account Imbalances in the Eurozone: Is Institutional Heterogeneity to Blame?
Can differences in institutional quality explain current account imbalances in the Euro area? This paper emphasizes a link between current accounts and institutional quality based on a country study for Greece. Subsequently it tests the relationship for a homogeneous sample of 24 European countries over the period 1990 through 2013. Regression analysis indicates that institutional quality is cruci
