Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/101313
Authors: 
Detzer, Daniel
Hein, Eckhard
Year of Publication: 
2014
Series/Report no.: 
Working Paper, Institute for International Political Economy Berlin 39/2014
Abstract: 
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.
Subjects: 
current account imbalances
financialisation
financial and economic crisis
Germany
trade balance
JEL: 
E25
E61
E63
E64
E65
F40
F43
Document Type: 
Working Paper

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