Publication
28 Aug 2012
This paper traces the history of Germany's savings surplus and the system of intermediation around it. The authors suggest that an alternative to the current system would be the creation of a German Sovereign Wealth Fund (DESWF) that could invest excess German savings globally. Creation of a DESWF should of course complement—and not substitute—policies helping current account adjustment and funding through private sector capital flows.
Download |
English (PDF, 7 pages, 614 KB) |
---|---|
Author | Daniel Gros, Thomas Mayer |
Series | CEPS Policy Briefs |
Issue | 280 |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2012 Centre for European Policy Studies (CEPS) |