Year: 1995
Author: Menkhoff, Lukas
Credit and Capital Markets – Kredit und Kapital, Vol. 28 (1995), Iss. 3 : pp. 431–454
Abstract
Germany's Position in International Foreign Exchange Dealings: Strong Currency, Weak Business Location
Since the current stock-taking of foreign-exchange market operations by the Bank for International Settlements includes also those of the Deutsche Bundesbank for the first time, it allows a more accurate classification of the German position. Whilst disaggregated analyses testify to the strength of the D-mark as the second most important currency in foreign-exchange dealings, Germany’s rank as a business location rather is a more intermediate one among the countries competing as locations for doing business; this represents a conspicuous disparity. This contribution discusses four hypotheses in an attempt to find explanations for this weakness; the one suggesting deliberate reluctance in doing business is the least convincing among these hypotheses. Insufficient demand, regulatory impediments and weaknesses in bidders’ competitiveness, by contrast, represent more plausible explanations.
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/ccm.28.3.431
Credit and Capital Markets – Kredit und Kapital, Vol. 28 (1995), Iss. 3 : pp. 431–454
Published online: 1995-03
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 24
Author Details
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