Die sogenannte Troika aus EU-Kommission, Europäischer Zentralbank und Internationalem Währungsfonds sollte die in eine schwere Staatschuldenkrise geratenen Mitgliedsländer der Europäischen Wirtschafts- und Währungsunion durch die Ausarbeitung und Überwachung von Hilfsprogrammen vor einem...

25 Jahre nach Abschluss des Maastricht-Vertrages gibt es durchaus Zweifel an dessen Erfolg. Die Autoren zeigen auf, dass nur die Kernländer der Europäischen Wirtschafts- und Währungsunion eine dauerhafte Konvergenz ihrer wirtschaftlichen Entwicklung erlebten. Daher halten sie die gemeinsame...

It is widely believed that the determinants of foreign direct investment have changed fundamentally in the process of globalization. We apply correlation and regression analyses in order to test this proposition for German direct investments in developing and transition economies. Indications...

Despite a tightening of German foreign investment law in 2009 in reaction to the growing importance of state controlled entities and national security concerns, Germany has remained open for FDI. So far German authorities have handled the new law carefully. But, was the change necessary?

The ongoing political crisis between Russia and the West jeopardize the achievements in economic relations that have been made over the past two decades. Foreign direct investments in Russia which are essential to modernize its economy may be lost if the Russian government does not send clear...

Debt levels in the eurozone have reached new record highs. The member countries have tried to cushion the economic consequences of the corona pandemic with a massive increase in government spending. There are various calls to abolish or soften the Maastricht rules of limiting sovereign debt. The...

Das Eurosystem und auch die Deutsche Bundesbank werden 2023 Verluste erzielen, die einige Jahre anhalten dürften. Aufgrund der massiven Käufe von Wertpapieren in den letzten 10 Jahren, vor allem Staatsanleihen, sind die Überschussreserven der Banken stark angestiegen. Die dadurch bedingten...

The Eurosystem and the Deutsche Bundesbank will incur substantial losses in 2023 that are likely to persist for several years. Due to the massive purchases of securities in the last 10 years, especially of government bonds, the banks' excess reserves have risen sharply. The resulting high...

Germany is often criticized for its large current account surpluses. The surpluses are caused by differences in economic growth between Germany and its major trading partners, the innovative strength of German enterprises, as well as improved relative price competitiveness and a successful...

The unfavourable balance of foreign direct investment plays a major role in the ongoing debate on the quality of Germany as a business location. High direct investment outflows and low inflows compared with the United Kingdom and France are often seen as a sign of weakness of Germany as a...