Irrungen und Wirrungen mit der Leistungsbilanzstatistik

Georg Erber ()

Wirtschaftsdienst, 2012, vol. 92, issue 7, 465-470

Abstract: In the current crisis the current account surplus and deficit position of single member countries has been considered to be a key indicator of the internal imbalances of the eurozone. German current account surplusses are confronted with current account deficits in the GIIPS countries. But Germany’s current account surplus vis-à-vis these countries has rapidly declined since the outbreak of the global economic and financial crisis mostly caused by the drastic recession in these countries. Furthermore, the near-zero interest rate policy of the ECB has drastically reduced the interest payments from these countries to Germany. Copyright ZBW and Springer-Verlag 2012

Keywords: E58; E65; F32; H87 (search for similar items in EconPapers)
Date: 2012
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DOI: 10.1007/s10273-012-1405-0

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