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A la Recherche des Fonds Perdus: Europe and Germany's New Coalition Need a Plan to Restore European Financial Integration
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Forschungsinstitut der Deutschen Gesellschaft für Auswärtige Politik e.V.
Abstract German lending to its neighbors is a key determinant of growth in the euro area. Since the 2008 financial crisis, those flows have changed radically, with less investment going into the eurozone "periphery" and more leaving the euro area altogether. Despite a boom in supranational financial institut... view more
German lending to its neighbors is a key determinant of growth in the euro area. Since the 2008 financial crisis, those flows have changed radically, with less investment going into the eurozone "periphery" and more leaving the euro area altogether. Despite a boom in supranational financial institutions, policymakers have yet to address the root cause of the capital flight: the persistence of policy uncertainty in cross-border financial markets. This paper proposes three unorthodox policy solutions.... view less
Keywords
Federal Republic of Germany; EU; fiscal policy; Eurozone; lending; financial crisis
Classification
European Politics
Economic Policy
National Economy
Document language
English
Publication Year
2022
City
Berlin
Page/Pages
9 p.
Series
DGAP Policy Brief, 10
ISSN
2198-5936
Status
Published Version; reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works 4.0