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GSDEER = Goldman Sachs opinion about “Fair value”  follows interest rate differentials
Relative over/ under valuation Surplus, time delays for effectiveness and  the tax code (changes) explain most of the German Current Account

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  • 1. GSDEER = Goldman Sachs opinion about “Fair value” follows interest rate differentials
  • 2. Relative over/ under valuation Surplus, time delays for effectiveness and the tax code (changes) explain most of the German Current Account