Northern European countries, in particular Germany, have tended to be in surplus. The paper scrutinizes the role of diverging …

two deficits is asymmetric and the negative impact of the recent Eurozone banking and sovereign debt crisis on the current … positive impact of the budget balance on the current account balance is higher in the cases of non-Eurozone countries, high … budget deficit countries, and low exports countries, whereas it is lower in the cases of Eurozone countries, low budget …

Northern European countries, in particular Germany, have tended to be in surplus. The paper scrutinizes the role of diverging …

makroökonomischen Anpassungsprogramme außerhalb der Eurozone (z.B. Lettland) waren noch viel strikter. Trotzdem erfolgte die Anpassung …

Northern European countries, in particular Germany, have tended to be in surplus. The paper scrutinizes the role of diverging …

two deficits is asymmetric and the negative impact of the recent Eurozone banking and sovereign debt crisis on the current … positive impact of the budget balance on the current account balance is higher in the cases of non-Eurozone countries, high … budget deficit countries, and low exports countries, whereas it is lower in the cases of Eurozone countries, low budget …

Bundesbank to forestall asset price bubbles in Germany. We argue that economic recovery in periphery countries is key for a … reduction of TARGET2 imbalances and therefore surplus liquidity in Germany …