The report discusses the Euroglut thesis, highlighting the European current account surplus and its implications for global capital flows. It predicts continued euro weakness and significant European capital outflows into foreign fixed income markets, particularly in the US, UK, and Canada. The report also anticipates that Euroglut will constrain European monetary policy, leading to global imbalances.
documents/vol00010-efta01461079-pdf.pdf
{"title":"Special Report: Euroglut here to stay: trillions of outflows to go","key_people":["Robin Winkler","George Saravelos"],"document_date":"2015-03-09","document_type":"correspondence","key_locations":["Europe","US","UK","Canada","Switzerland","Norway","Sweden","Denmark","Czech Republic","Poland"],"key_organizations":["Deutsche Bank"]}