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's external surplus since the inception of the Euro in 1999. This is done by identifying the main determinants of exports and …. This constellation is unsustainable and requires policy action in Germany, in the European Union, the Euro Area and also by …
Persistent link: https://www.econbiz.de/10011927093
In the current debate on the reasons and implications of the Greek and Irish euro crisis, the intra-European current … imbalances since the euro introduction and thereby the current European debt crisis. Based on this finding we argue that an … imbalances ; inter-temporal savings ; financial crisis ; euro crisis ; European debt crisis ; theory of optimum currency areas …
Persistent link: https://www.econbiz.de/10008798227
In the current debate on the reasons and implications of the Greek and Irish euro crisis, the intra-European current … imbalances since the euro introduction and thereby the current European debt crisis. Based on this finding we argue that an …
Persistent link: https://www.econbiz.de/10013094029
In this paper we discuss the relationship between the current account rebalancing in the Eu-rozone, income distribution … wage policies could be able to contribute to a more balanced development of the Eurozone and to overcome the export …
Persistent link: https://www.econbiz.de/10011924464
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...
Persistent link: https://www.econbiz.de/10010366172
account deficits of countries stabilizing their exchange rate against the euro (euro periphery). Meanwhile, the aggregate … current account balance of the euro area has been by and large balanced. The paper finds that changes of world current account … analysis extends from 1981-2008, the results for Germany mostly capture the situation before the euro was created …
Persistent link: https://www.econbiz.de/10013142986
Wahrscheinlichkeit von Krisen und einer fortgesetzten monetären Expansion erhöhen. -- Leistungsbilanzen ; Krise ; Euro ; Währungsunion …
Persistent link: https://www.econbiz.de/10009152176
In zwei Kernländern der Euro-Zone gibt es eine symmetrische Debatte: in Frankreich über die restriktive Finanzpolitik … 2019 mit 1989 vergleicht, also vor der Vereinigung. Die meisten Studien zur relativen Position Deutschlands in der Euro-Zone …There is a symmetrical debate in two Euro area core countries: in France about the restrictive fiscal policy of Germany …
Persistent link: https://www.econbiz.de/10012197774
We investigate, in the case of Germany, the positive correlation between the cyclical components of the corporate saving glut in the non-financial corporate sector and the current account surplus from a capital account perspective. Employing sign restrictions, our findings suggest that mostly...
Persistent link: https://www.econbiz.de/10012607560
We investigate, in the case of Germany, the positive correlation between the cyclical components of the corporate saving glut in the non-financial corporate sector and the current account surplus from a capital account perspective. Employing sign restrictions, our findings suggest that mostly...
Persistent link: https://www.econbiz.de/10013210659