Standard&Poor's RPM Measures The Eurozone's Great Rebalancing Act - S&P Global Ratings’ Credit Research

Standard&Poor's RPM Measures The Eurozone's Great Rebalancing Act

Standard&Poor's RPM Measures The Eurozone's Great Rebalancing Act - S&P Global Ratings’ Credit Research
Standard&Poor's RPM Measures The Eurozone's Great Rebalancing Act
Published Nov 21, 2011
Published Nov 21, 2011
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Abstract:

As the world continues to scrutinize the health of the eurozone, Standard&Poor's Ratings Services has developed a Rebalancing Progress Metric (RPM) to measure the progress net debtor sovereigns are making in rebalancing their economies. The aim of the RPM is to assess how quickly the eurozone economies that had been consuming above their annual incomes are exporting their way back to a current account surplus by restoring competitiveness, and whether this is mirrored in an adjustment in unit labor costs (ULCs). Back in 2008, Estonia, Ireland, Spain, Portugal, and Greece were all running sizable current account deficits, while ULCs had increased to historically high levels (as measured by OECD data in national currencies), implying a significant loss of

  
Report Type:

Commentary

Sector
Global Issuers
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Standard&Poor's RPM Measures The Eurozone's Great Rebalancing Act" Nov 21, 2011. Alacra Store. Mar 29, 2020. <http://www.alacrastore.com/s-and-p-credit-research/Standard-Poor-s-RPM-Measures-The-Eurozone-s-Great-Rebalancing-Act-916351>
  
APA:
S&P Global Ratings’ Credit Research. (). Standard&Poor's RPM Measures The Eurozone's Great Rebalancing Act Nov 21, 2011. New York, NY: Alacra Store. Retrieved Mar 29, 2020 from <http://www.alacrastore.com/s-and-p-credit-research/Standard-Poor-s-RPM-Measures-The-Eurozone-s-Great-Rebalancing-Act-916351>
  
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