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In der Juliausgabe veröffentlichte der Wirtschaftsdienst einen Aufsatz von Georg Erber mit dem Titel „Irrungen und Wirrungen mit der Leistungsbilanzstatistik“. Dazu äußert sich Jan Priewe kritisch. Anschließend stellt Georg Erber in einer Erwiderung seine Sicht dar.
Persistent link: https://www.econbiz.de/10009689201
This paper analyses the long-run effects of financialisation and of the recent financial and economic crises for 15 countries. In order to provide a theoretical framework, we first outline three types of regimes under the conditions of financialisation, namely a debtled private demand boom, an...
Persistent link: https://www.econbiz.de/10011311194
This study on Germany examines the long-run changes between the financial and the non-financial sectors of the economy, and in particular the effects of these changes on the macroeconomic developments that have led or contributed to the financial crisis starting in 2007 and the Great Recession...
Persistent link: https://www.econbiz.de/10010433934
Germany's recent export successes and the fast recovery from the 2007 -2009 crisis made it Europe's "economic superstar" in public opinion. This paper interprets the German performance against the background of financialisation. After an examination of the pre-crisis demand and growth regime,...
Persistent link: https://www.econbiz.de/10010393475
. These surpluses have added to immense current account imbalances within and outside the European Monetary Union (EMU … exports, the present paper econometrically investigates the determinants of German intra- and extra-EMU exports for the period … significant impact of the real exchange rate on intra-EMU exports. However, our estimations provide a stable relationship between …
Persistent link: https://www.econbiz.de/10011781876
This paper examines the association between trade and financial linkages among European countries. We find that, with the introduction of the euro, trade imbalances among euro area members widened considerably, even after allowing for permanent asymmetries in trade competitiveness within pairs...
Persistent link: https://www.econbiz.de/10010323739
Global current account imbalances are one of the key macroeconomic imbalances that underlie the global financial crisis. The central objective of this paper is to analyze the causes and consequences of global imbalances from the perspective of developing Asia. More specifically, we examine the...
Persistent link: https://www.econbiz.de/10003832220
Developing Asia remains at the core of global payment imbalances. While the geographical concentration of current account imbalances is rather significant, with the People's Republic of China accounting for the lion's share of the region's current account surplus, how Asia contributes to global...
Persistent link: https://www.econbiz.de/10011283431
Economic and Monetary Union (EMU) induced large net capital exports of Germany into the peripheral economies which mirrored the … current account surpluses. The surplus against EMU economies has halved in recent years, whereas it has continued to rise …
Persistent link: https://www.econbiz.de/10010366172
This study examines the relationship between current-account imbalances and economic growth during the 2008-2009 financial and economic crisis for 179 countries (covered by IMF data) and within the EU-27 countries (covered by Eurostat data). The countries are divided into 4 groups by GDP per...
Persistent link: https://www.econbiz.de/10010406280