№280. A Sovereign Wealth Fund to Lift Germany’s Curse of Excess Savings
№280. A Sovereign Wealth Fund to Lift Germany’s Curse of Excess Savings
Author(s): Thomas Mayer, Daniel Gros
Subject(s): National Economy, Economic policy, Government/Political systems, Political economy, Financial Markets
Published by: CEPS Centre for European Policy Studies
Keywords: Sovereign Wealth Fund; Germany; Savings; exchange rate risk; GDP;
Summary/Abstract: We suggest in this paper that the risk-adjusted rate of return on German savings could be improved by creating a sovereign wealth fund for Germany (designated DESWF), which couldinvest excess German savings globally. Creation of a DESWF should of course complement—and not substitute—for policies helping current account adjustment and funding through private sector capital flows.
Series: CEPS Policy Briefs
- Page Count: 7
- Publication Year: 2012
- Language: English
- Content File-PDF
