The report discusses the impact of fixed income outflows on the Eurozone's basic balance, highlighting the role of non-resident divestitures in net bond outflows. It examines the relationship between portfolio flow changes in the euro area financial account and the exchange rate, suggesting that the euro's momentum has been a successful currency strategy. The report includes data on net equity, debt, and bond inflows from 2008 to 2015, as well as DB currency momentum excess returns.
documents/vol00010-efta01459035-pdf.pdf
{"title":"Special Report: Euroglut a year on: alive and kicking, EUWUSD to break parity","document_date":"2015-12-01","document_type":"tabular","key_locations":["Eurozone","UK"],"document_subtype":"financial report","key_organizations":["Deutsche Bank","Bloomberg Finance LP"],"reference_numbers":["DB-SDNY-0119237","SDNY_GM_00265421","EFTA01459035"]}