The report discusses the Euroglut concept, highlighting the Euro-area's current account surplus and its impact on global asset prices. It predicts large-scale capital outflows from Europe, leading to a weaker euro and lower global bond yields. The report models the Euro-area's net international investment position (NIIP) and estimates necessary capital outflows to sustain the current account surplus.
documents/vol00010-efta01461072-pdf.pdf
{"title":"Euroglut here to stay: trillions of outflows to go","key_people":["George Sarafelos","Robin Winkler"],"document_date":"2015-03-09","document_type":"tabular","key_locations":["Euro-area","Europe"],"document_subtype":"Special Report","key_organizations":["Deutsche Bank"]}