Trade Linkages, Balance Sheets, and Spillovers: The Germany-Central European Supply Chain
Germany and the Czech Republic, Hungary, Poland, and Slovakia (the CE4) have been in a process of deepening economic integration which has lead to the development of a dynamic supply chain within Europe-the Germany-Central European Supply Chain (GCESC). Model-based simulations suggest two key policy...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2013
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 13/210 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | Germany and the Czech Republic, Hungary, Poland, and Slovakia (the CE4) have been in a process of deepening economic integration which has lead to the development of a dynamic supply chain within Europe-the Germany-Central European Supply Chain (GCESC). Model-based simulations suggest two key policy implications: First, as a reflection of strengthening trade linkages, German fiscal spillovers to the CE4 and more broadly to the rest of the euro area, have increased over time, but are still relatively small. This is explained by the supply chain nature of trade integration: final demand in Germany is not necessarily the main determinant of CE4 exports to Germany. Second, increased trade openness in both Germany and the CE4 implies a greater exposure of the GCESC to global shocks. However, owing to its strong fundamentals-including sound balance sheets and its safe haven status- Germany plays the role of a regional anchor of stability by better absorbing shocks from other trading partners instead of amplifying their transmission across the GCESC |
| Beschreibung: | 1 Online-Ressource (29 p) |
| ISBN: | 1484355180 9781484355183 |
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| index_date | 2024-07-03T20:13:14Z |
| indexdate | 2024-07-10T09:35:21Z |
| institution | BVB |
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| series2 | IMF Working Papers |
| spelling | Elekdag, Selim Verfasser aut Trade Linkages, Balance Sheets, and Spillovers The Germany-Central European Supply Chain Elekdag, Selim Washington, D.C International Monetary Fund 2013 1 Online-Ressource (29 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 13/210 Germany and the Czech Republic, Hungary, Poland, and Slovakia (the CE4) have been in a process of deepening economic integration which has lead to the development of a dynamic supply chain within Europe-the Germany-Central European Supply Chain (GCESC). Model-based simulations suggest two key policy implications: First, as a reflection of strengthening trade linkages, German fiscal spillovers to the CE4 and more broadly to the rest of the euro area, have increased over time, but are still relatively small. This is explained by the supply chain nature of trade integration: final demand in Germany is not necessarily the main determinant of CE4 exports to Germany. Second, increased trade openness in both Germany and the CE4 implies a greater exposure of the GCESC to global shocks. However, owing to its strong fundamentals-including sound balance sheets and its safe haven status- Germany plays the role of a regional anchor of stability by better absorbing shocks from other trading partners instead of amplifying their transmission across the GCESC Online-Ausg Muir, Dirk Sonstige oth http://elibrary.imf.org/view/IMF001/20845-9781484355183/20845-9781484355183/20845-9781484355183.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Elekdag, Selim Trade Linkages, Balance Sheets, and Spillovers The Germany-Central European Supply Chain |
| title | Trade Linkages, Balance Sheets, and Spillovers The Germany-Central European Supply Chain |
| title_auth | Trade Linkages, Balance Sheets, and Spillovers The Germany-Central European Supply Chain |
| title_exact_search | Trade Linkages, Balance Sheets, and Spillovers The Germany-Central European Supply Chain |
| title_exact_search_txtP | Trade Linkages, Balance Sheets, and Spillovers The Germany-Central European Supply Chain |
| title_full | Trade Linkages, Balance Sheets, and Spillovers The Germany-Central European Supply Chain Elekdag, Selim |
| title_fullStr | Trade Linkages, Balance Sheets, and Spillovers The Germany-Central European Supply Chain Elekdag, Selim |
| title_full_unstemmed | Trade Linkages, Balance Sheets, and Spillovers The Germany-Central European Supply Chain Elekdag, Selim |
| title_short | Trade Linkages, Balance Sheets, and Spillovers |
| title_sort | trade linkages balance sheets and spillovers the germany central european supply chain |
| title_sub | The Germany-Central European Supply Chain |
| url | http://elibrary.imf.org/view/IMF001/20845-9781484355183/20845-9781484355183/20845-9781484355183.xml |
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