Surpluses of Germany and China feed global imbalances, BIS research finds
A new paper from the Bank for International Settlements (BIS) compares the positions of China and Germany, as two big surplus and creditor countries, in contributing to imbalances globally and in the eurozone.
Global and euro imbalances: China and Germany, by Guonan Ma, a senior economist at the BIS office in Hong Kong, and Robert McCauley, a senior adviser in the BIS monetary and economic department in Basel, finds that both economies' current account surpluses widened before the global
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