Add to ORKGThe true nature of Germany’s foreign investment is often misunderstood or misrepresented. This misunderstanding can be illustrated by the following three statements: 1. The net international investment position (NIIP) of Germany is €1.8 trillion. The TARGET1 balance of the Bundesbank currently amounts to €850 billion. Conclusion: the TARGET balance represents close to one-half of the German NIIP, therefore half of the balance position is invested in an asset that yields zero. 2. The NIIP of Germany is €1.8 trillion. German foreign direct investment abroad amounts to €1.9 trillion. Conclusion: all of German savings abroad are invested (wisely?) in equity. 3. The NIIP of Germany is €1.8 trillion. Portfolio debt assets represent around €1.9 tr...
As an alternative to the present system of intermediation of the German savings surplus, this paper ...
For decades, Germany has been generating large export surpluses. The associated accumulation of asse...
This paper describes four features of the German economy which lie at the root of its external imbal...
Germany is running a current account surplus of about 8% of GDP, which means that about one-third of...
The lead story in The Economist earlier this month (8 July 2017), “Why the German current-account su...
The lead story in The Economist earlier this month (8 July 2017), “Why the German current-account su...
Germany has been an attractive target for external-deficit countries in Europe and beyond, but beati...
In some countries, a sizable fraction of savings is derived from corporate savings. Although larger,...
Available data suggest that, between 2006 and 2012, Germany may have suffered losses to the value of...
Many commentators have recently argued that Germany should rethink its export-led growth model becau...
Many commentators have recently argued that Germany should rethink its export-led growth model becau...
Many commentators have recently argued that Germany should rethink its export-led growth model becau...
As an alternative to the present system of intermediation of the German savings surplus, this paper ...
Many commentators have recently argued that Germany should rethink its export-led growth model becau...
Available data suggest that, between 2006 and 2012, Germany may have suffered losses to the value of...
As an alternative to the present system of intermediation of the German savings surplus, this paper ...
For decades, Germany has been generating large export surpluses. The associated accumulation of asse...
This paper describes four features of the German economy which lie at the root of its external imbal...
Germany is running a current account surplus of about 8% of GDP, which means that about one-third of...
The lead story in The Economist earlier this month (8 July 2017), “Why the German current-account su...
The lead story in The Economist earlier this month (8 July 2017), “Why the German current-account su...
Germany has been an attractive target for external-deficit countries in Europe and beyond, but beati...
In some countries, a sizable fraction of savings is derived from corporate savings. Although larger,...
Available data suggest that, between 2006 and 2012, Germany may have suffered losses to the value of...
Many commentators have recently argued that Germany should rethink its export-led growth model becau...
Many commentators have recently argued that Germany should rethink its export-led growth model becau...
Many commentators have recently argued that Germany should rethink its export-led growth model becau...
As an alternative to the present system of intermediation of the German savings surplus, this paper ...
Many commentators have recently argued that Germany should rethink its export-led growth model becau...
Available data suggest that, between 2006 and 2012, Germany may have suffered losses to the value of...
As an alternative to the present system of intermediation of the German savings surplus, this paper ...
For decades, Germany has been generating large export surpluses. The associated accumulation of asse...
This paper describes four features of the German economy which lie at the root of its external imbal...