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
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 92 (2012)
Issue (Month): 7 (July)
|Contact details of provider:|| Web page: http://www.springer.com|
Postal:Düsternbrooker Weg 120, 24105 Kiel / Neuer Jungfernstieg 21, 20354 Hamburg
Phone: +49 431 8814-1
Fax: +49 431 8814-520
Web page: http://www.zbw.eu/de/
More information through EDIRC
|Order Information:||Web: http://www.springer.com/economics/policy/journal/10273|