Irrungen und Wirrungen mit der Leistungsbilanzstatistik
In the current crisis the current account surplus and deficit position of single member countries has been considered to be a key indicator of the internal imbalances of the eurozone. German current account surplusses are confronted with current account deficits in the GIIPS countries. But Germany’s current account surplus vis-à-vis these countries has rapidly declined since the outbreak of the global economic and financial crisis mostly caused by the drastic recession in these countries. Furthermore, the near-zero interest rate policy of the ECB has drastically reduced the interest payments from these countries to Germany. Copyright ZBW and Springer-Verlag 2012
Volume (Year): 92 (2012)
Issue (Month): 7 (July)
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