Cheung, Yin-Wong; Steinkamp, Sven; Westermann, Frank - 2019
observe two striking patterns visible since the 2007/8 Global Financial Crisis. First, while China has been gradually reducing … its current account surplus, Germany’s surplus has continued to increase throughout and after the crisis. Second, for … misalignment, common economic factors, and country-specific factors. Furthermore, we highlight the global financial crisis effects …