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International Monetary Regimes and the German Model

The end of the Bretton Woods regime and the fall of the Iron Curtain deepened the export orientation of the German model of the economy. Only after entry into the Monetary Union, however, did rising exports turn into a persistent export–import gap that became a problem for other eurozone... Full description

1st Person: Scharpf, Fritz W.
Type of Publication: Paper
Published: Köln Max-Planck-Institut für Gesellschaftsforschung 2018
Series: MPIfG Discussion Paper ; Vol. 18/1
Keywords: German model > export surpluses > currency regimes > Monetary Union > structural divergence > risk sharing
Online: Full text open access
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