Finance-dominated capitalism in Germany : deep recession and quick recovery

authors: Daniel Detzer and Eckhard Hein

Germany's recent export successes and the fast recovery from the 2007 -2009 crisis made it Europe's "economic superstar" in public opinion. This paper interprets the German performance against the background of financialisation. After an examination of the pre-crisis demand and growth regime, the focus is on how financialisation has contributed to the German 'export-led mercantilist' regime. The paper focuses subsequently on the determinants of the German current account balance, to then interpret the development of Germany during the financial and economic crisis and the causes for the quick recovery in light of the previous analysis.

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Year of publication:	2014
Authors:	Detzer, Daniel ; Hein, Eckhard
Publisher:	Berlin : Inst. for International Political Economy
Subject:	current account imbalances \| financialisation \| financial and economic crisis \| Germany \| trade balance \| Deutschland \| Wirtschaftskrise \| Economic crisis \| Finanzkrise \| Financial crisis \| Leistungsbilanz \| Current account \| Finanzkapitalismus \| Financial capitalism \| Konjunktur \| Business cycle \| Außenwirtschaftliches Gleichgewicht \| External balance

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Extent:	Online-Ressource (27 S.) graph. Darst.
Series:	Working papers / Institute for International Political Economy. - Berlin : [Verlag nicht ermittelbar], ISSN 1869-6406, ZDB-ID 2667824-X. - Vol. 39
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/101313 [Handle]
Classification:	E25 - Aggregate Factor Income Distribution ; E61 - Policy Objectives; Policy Designs and Consistency; Policy Coordination ; E63 - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization ; E64 - Incomes Policy; Price Policy ; E65 - Studies of Particular Policy Episodes ; F40 - Macroeconomic Aspects of International Trade and Finance. General ; F43 - Economic Growth of Open Economies
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10010393475