The global financial crisis (2008-09) led to a sharp contraction in both Euro Area (EA) and US real activity, and was …

We estimate a three-country model using 1995-2013 data for Germany, the Rest of the Euro Area (REA) and the Rest of the … World (ROW) to analyze the determinants of Germany's current account surplus after the launch of the Euro. The most … interest rates to German rates due to the creation of the Euro only had a modest effect on the German current account and on …