Arbeitspapier
Finance-dominated capitalism in Germany: Deep recession and quick recovery
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 39/2014
- Klassifikation
-
Wirtschaft
Aggregate Factor Income Distribution
Policy Objectives; Policy Designs and Consistency; Policy Coordination
Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
Incomes Policy; Price Policy
Studies of Particular Policy Episodes
Macroeconomic Aspects of International Trade and Finance: General
Economic Growth of Open Economies
- Thema
-
current account imbalances
financialisation
financial and economic crisis
Germany
trade balance
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Detzer, Daniel
Hein, Eckhard
- Ereignis
-
Veröffentlichung
- (wer)
-
Hochschule für Wirtschaft und Recht Berlin, Institute for International Political Economy (IPE)
- (wo)
-
Berlin
- (wann)
-
2014
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Detzer, Daniel
- Hein, Eckhard
- Hochschule für Wirtschaft und Recht Berlin, Institute for International Political Economy (IPE)
Entstanden
- 2014
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