Cheung, Yin-Wong; Steinkamp, Sven; Westermann, Frank - 2019
and, for Germany, the importance of differentiating balances against euro and non-euro countries. … observe two striking patterns visible since the 2007/8 Global Financial Crisis. First, while China has been gradually reducing … misalignment, common economic factors, and country-specific factors. Furthermore, we highlight the global financial crisis effects …