Germany: 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Germany
July 12, 2011
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Germany’s economic growth and recovery from the global crisis are explained in this study. Tax, education, and innovation policies are specific measures supported by the authorities. External and financial shocks received by Germany and other outward spillovers are outlined. Germany has a high current account and international assets. From a long-term perspective, rebalancing of public finances to promote growth is desirable. Stress tests are conducted to confirm the capital buffers. Finally, the banking system of Germany reflects significant policy measures and economic recovery.
Subject: Banking, Commercial banks, Cooperative banks, Corporate income tax, Financial crises, Financial institutions, Financial sector stability, Labor, Public debt
Keywords: authority, budget consolidation in Germany, Commercial banks, consumption-savings proportion, Cooperative banks, CR, current account, demand, deposit guarantee schemes regime, Europe, financial system, financing, Global, government finance, ISCR, Rebounding export market share, Three-Pillar banking system
Pages:
62
Volume:
2011
DOI:
Issue:
168
Series:
Country Report No. 2011/168
Stock No:
1DEUEA2011001
ISBN:
9781455296729
ISSN:
1934-7685
