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...

The unfavourable balance of foreign direct investment plays a major role in the ongoing debate on the quality of Gennany 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 the Gennan...

Am 22. Januar 2015 hat der EZB-Rat ein erweitertes Programm zum Ankauf von Vermögenswerten, das sogenannte »Quantitative Easing«, beschlossen. Thomas Jost, Hochschule Aschaffenburg, und Franz Seitz, Ostbayerische Technische Hochschule Weiden, kommentieren diese Entscheidung und ihre Konsequenzen.

The so-called Troika, consisting of the EU-Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF), was supposed to support the member states of the euro area which had been hit hard by a sovereign debt crisis. For that purpose, economic adjustment programs were...

The emergence of Sovereign Wealth Funds (SWFs) and some spectacular investments ofthese funds in recent years have caused widespread attention on international financialmarkets. Most SWFs are domiciled in Arabian countries, East Asia and Russia. Their lowtransparency led to concerns that SWFs...