OPEC-Staaten

• Muss Das Hohe Us-Leistungsbilanzdefizit Zu Einer Massiven Aufwertung Der Europäischen Währungen Führen? Eine Andere Sicht

The current account deficit of the United States, which about 6 1/2% of GDP, is generally regarded as unsustainable. Many observers hold the view that a sharp correction of this imbalance is imminent; this could lead to massive problems in the world economy because they believe that a drastic fall in the value of the US dollar and, consequently, a sharp appreciation of European currencies is inevitable. However, various economic adjustments in terms of global savings and investment suggest that the deficit will decrease to a sustainable level, even though this process may take several years. According to our simulations with a macroeconometric model for the world economy, the adjustment may indeed be fairly smooth. Accordingly, the adverse effects on the German economy and on the Euro A...

• Aussenwirtschaft; Zeitschrift für internationale Wirtshaftsbeziehungen
• Vol. 62 Num. 2, Juin 2007

• Bericht zur Aussenwirtschaftspolitik 2002 sowie Botschaften zu Wirtschaftsvereinbarungen

• Bundesblatt num. 6, 18 février 2003
• Seccion Unica

• Bericht zur Aussenwirtschaftspolitik 2008 und Botschaften zu Wirtschaftsvereinbarungen sowie Bericht über zolltarifarische Massnahmen 2008

• Bundesblatt num. 8, 24 février 2009
• Seccion Unica