Hünnekes, Franziska; Schularick, Moritz; Trebesch, … - 2019 - This version: July 3, 2019
Germany is world champion in exporting capital ("Exportweltmeister"). No other country invests larger amounts of … savings outside its borders. However, Germany plays in the third division when it comes to investment performance, as we show … in this paper. We study the returns on German foreign investments from 1950 to 2017 and find that: (1) Germany's annual …
