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In this paper, we take a systematic look at global imbalances. First, we provide a definition of the phenomenon, and relate global imbalances to widening external positions of systemically important economies that reflect distortions or entail risks for the global economy. Second, we provide an...
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This paper investigates the determinants of the trade balance using panel data for 32 industrialized and emerging economies for the period 1990?2007. The results based on fixed effects models and linear mixed models allowing for random slope coefficients, show that the trade balance as a...
Persistent link: https://www.econbiz.de/10011345609
Handelsbilanz und ihre zugrundeliegenden Faktoren als auch die bilateralen Bilanzen mit den wichtigsten Handelspartnern und die … Handelsbilanz in ausgewählten Warengruppen. Mit ökonometrischen Verfahren werden kurz- und langfristige Effekte identifiziert und … die strukturelle Komponente der Handelsbilanz geschätzt. Zudem wird der Einfluss der Finanzmarkt- und Wirtschaftskrise auf …
Persistent link: https://www.econbiz.de/10011345645
The onset of the financial crisis in 2008 has highlighted the problems of diverging external imbalances within Economic and Monetary Union (EMU) and the role of persistent losses in competitiveness. This paper starts by investigating some of the competitiveness factors which contributed to...
Persistent link: https://www.econbiz.de/10011606291
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Die große wirtschaftliche Abhängigkeit von China ist spätestens nach den militärischen Drohgebärden Pekings gegenüber Taiwan als gravierendes Problem erkannt und soll möglichst bald reduziert werden. Das Gegenteil fand jedoch im ersten Halbjahr 2022 statt. Die deutschen...
Persistent link: https://www.econbiz.de/10013363615
China's exchange-rate policy has been under attack in the last years, especially in the United States. Now the critique of Beijing's policy is coming from Europe as well, and Chinese authorities are accused of boosting its own export, at others expense, by keeping its currency below its real...
Persistent link: https://www.econbiz.de/10011790235
Global financial integration has been associated with divergent patterns of real convergence and the current account in emerging markets. While countries in emerging Asia have been running sizeable current account surpluses, countries in emerging Europe have been facing large current account...
Persistent link: https://www.econbiz.de/10011606240
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