We analyse global and euro area imbalances by focusing on China and Germany as large surplus and creditor countries. In … global financial crisis, and that of Germany has proven more persistent as domestic investment has remained subdued …

In this paper we evaluate the current account patterns of China and Germany. We point out that China’s current account … surplus as a share of global GDP in recent years resembles that of Germany’s. Yet, an important difference is that the Euro … block’s current account inclusive of Germany has overall been balanced, whereas emerging Asia’s current account inclusive of …

In this paper we evaluate the current account patterns of China and Germany. We point out that China's current account … surplus as a share of global GDP in recent years resembles that of Germany's. Yet, an important difference is that the Euro … block's current account inclusive of Germany, has overall been balanced, whereas emerging Asia's current account inclusive …

In this paper we evaluate the current account patterns of China and Germany. We point out that China's current account … surplus as a share of global GDP in recent years resembles that of Germany’s. Yet, an important difference is that the Euro … block’s current account inclusive of Germany, has overall been balanced, whereas emerging Asia's current account inclusive …

We analyze current account imbalances through the lens of the two largest surplus countries; China and Germany. We … its current account surplus, Germany's surplus has continued to increase throughout and after the crisis. Second, for … turned from being undervalued to overvalued, Germany's currency has erased its level of overvaluation and become undervalued …

We analyze current account imbalances through the lens of the two largest surplus countries; China and Germany. We … its current account surplus, Germany’s surplus has continued to increase throughout and after the crisis. Second, for … turned from being undervalued to overvalued, Germany’s currency has erased its level of overvaluation and become undervalued …

and Germany. We find that the response of the current account balance to the budget balance is greater in Portugal than in … Germany. On the other hand, the response of the budget balance to the current balance is higher in Germany than in Portugal …. In Portugal and Germany, a fiscal rules index has a negative impact on the current account balance and the government …