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Germany: 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Germany
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2011: Issue 168
Language:
English
Publication Date:
12 Jul 2011
DOI:
https://doi.org/10.5089/9781455296729.002
ISBN:
9781455296729
ISSN:
1934-7685
Pages:
62
Keywords:
ISCR; CR; financing; authority; Three-Pillar banking system; demand; Rebounding export market share; government finance; deposit guarantee schemes regime; current account; financial system; consumption-savings proportion; budget consolidation in Germany; Commercial banks; Cooperative banks; Global; Europe
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund