The report discusses the Euroglut concept, which suggests that the Euro-area's current account surplus will impact global asset prices. It predicts large-scale capital flight from Europe, euro depreciation, and low global bond yields. The report estimates that Euroglut requires net European capital outflows of at least 4 trillion euros and outlines investment implications, including euro weakness, European inflows into foreign assets, and constrained European monetary policy.
documents/vol00010-efta01461070-pdf.pdf
{"title":"Deutsche Bank Markets Research - Euroglut Concept","document_date":"2015-03-09","document_type":"correspondence","key_locations":["Europe","US","UK","Canada","Switzerland","Norway","Sweden","Denmark","Czech Republic","Poland"],"document_subtype":"research report","key_organizations":["Deutsche Bank","ECB"],"reference_numbers":["DB-SDNY-0122888","SDNY_GM_00269072","EFTA01461070"]}