Finance-dominated capitalism in Germany – deep recession and quick recovery
Daniel Detzer and
Working papers from Financialisation, Economy, Society & Sustainable Development (FESSUD) Project
Germany’s recent export successes and the fast recovery from the 2007 -2009 crisis made it Europe’s “economic superstar” in public opinion. This paper interprets the German performance against the background of financialisation. After an examination of the pre-crisis demand and growth regime, the focus is on how financialisation has contributed to the German ‘export-led mercantilist’ regime. The paper focuses subsequently on the determinants of the German current account balance, to then interpret the development of Germany during the financial and economic crisis and the causes for the quick recovery in light of the previous analysis.
Keywords: current account imbalances; financialisation; financial and economic crisis; Germany; trade balance (search for similar items in EconPapers)
JEL-codes: E25 E61 E63 E64 E65 F40 F43 (search for similar items in EconPapers)
Pages: 38 pages
New Economics Papers: this item is included in nep-eec and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6) Track citations by RSS feed
Downloads: (external link)
http://fessud.eu/wp-content/uploads/2013/04/FESSUD ... Working-paper-54.pdf Full text (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to fessud.eu:80 (No such host is known. )
Working Paper: Finance-dominated capitalism in Germany: Deep recession and quick recovery (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:fes:wpaper:wpaper54
Access Statistics for this paper
More papers in Working papers from Financialisation, Economy, Society & Sustainable Development (FESSUD) Project FESSUD Co-ordinator (Malcolm Sawyer) Leeds University Business School Maurice Keyworth Buidling Leeds LS2 9JT.
Bibliographic data for series maintained by Helen Evans ().