Das Eurosystem und auch die Deutsche Bundesbank werden 2023 Verluste erzielen, die einige Jahre anhalten dürften. Aufgrund der massiven Käufe von Wertpapieren in den letzten 10 Jahren, vor allem Staatsanleihen, sind die Überschussreserven der Banken stark angestiegen. Die dadurch bedingten...

The Eurosystem and the Deutsche Bundesbank will incur substantial losses in 2023 that are likely to persist for several years. Due to the massive purchases of securities in the last 10 years, especially of government bonds, the banks' excess reserves have risen sharply. The resulting high...

This paper gives an overview of the role of the IMF in the European debt crisis. It describes the rescue packages and the involvement of the IMF. The main part discusses the pros and cons of the participation of the IMF in elaborating and monitoring the economic adjustment programs for the...

The emergence of Sovereign Wealth Funds (SWFs) and some spectacular investments of these funds in recent years have caused widespread attention on international financial markets. Most SWFs are domiciled in Arabian countries, East Asia and Russia. Their low transparency led to concerns that SWFs...

It is widely believed that the determinants of foreign direct investment have changed fundamentally in the process of globalization. We apply correlation and regression analyses in order to test this proposition for German direct investments in developing and transition economies. Indications...

Germany is often criticized for its large current account surpluses. The surpluses are caused by differences in economic growth between Germany and its major trading partners, the innovative strength of German enterprises, as well as improved relative price competitiveness and a successful...

The unfavourable balance of foreign direct investment plays a major role in the ongoing debate on the quality of Germany as a business location. High direct investment outflows and low inflows compared with the United Kingdom and France are often seen as a sign of weakness of Germany as a...

The unfavourable balance of foreign direct investment plays a major role in the ongoing debate on the quality of Gennany as a business location. High direct investment outflows and low inflows compared with the United Kingdom and France are often seen as a sign of weakness of the Gennan...

Die sogenannte Troika aus EU-Kommission, Europäischer Zentralbank und Internationalem Währungsfonds sollte die in eine schwere Staatschuldenkrise geratenen Mitgliedsländer der Europäischen Wirtschafts- und Währungsunion durch die Ausarbeitung und Überwachung von Hilfsprogrammen vor einem...