Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/247316
Year of Publication: 
2021
Series/Report no.: 
Darmstadt Discussion Papers in Economics No. 242
Publisher: 
Technische Universität Darmstadt, Department of Law and Economics, Darmstadt
Abstract: 
This paper examines the effect of national government response measures to Covid-19 on German international capital flows. Analyzing highly disaggregated monthly data from the German balance of payments statistics over the period from January 2019 through January 2021, we find that bilateral financial interactions are negatively affected by stricter containment and closure policies as well as health system policies of a partner country, while German capital flows benefit from a partner's economic support policies. Moreover, to the extent that public interventions to fight the pandemic affect financial interactions, the adjustment mainly takes place along the intensive margin.
Subjects: 
coronavirus
pandemic
JEL: 
F36
F60
I18
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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