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Causes of German PaymentsBalance Disequilibrium
Structural Causal Elements in Product Markets
Financial Causal Elements
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adjustment assets autonomous balance of payments balance-of-payments balance-of-payments policy basic Bundestag capital exports capital market capital movements capital-market central bank Chapter Council of Experts currency deficit demand deposits Development discussed disequilibrium domestic economic policy elements Emminger equilibrium Erhard European exchange rates exchange-rate factor endowments Federal Republic fiscal fixed exchange rates flexibility foreign geopolitical Germany's goals growth Hahn income distribution income effect incomes policy inflation inflows interest rates interest-rate International Monetary International Monetary Fund international payments international reserves investment Kampf labor liquidity effect long-term ment Minister Schiller monetary authorities monetary base monetary policy non-adjustment OECDS outflows overall parity payments balance payments surplus payments-balance policy percent period under review political postwar price levels price stability problems rediscount relative Republic of Germany revaluation rise Section shifts short-term capital social social market economy speculative structure tion Traktat undervaluation United upvaluation Verteidigung wage