Glossary entry (derived from question below)
German term or phrase:
Aussenposition
English translation:
external position
Added to glossary by
Daina Jauntirans
Apr 2, 2014 22:05
10 yrs ago
German term
Translating the MESSAGE, not just WORDS
Native in: English
Works in: German to English, Latvian to English
Aussenposition*
German to English
Bus/Financial
Economics
In explaining the country's AAA rating, a credit rating agency describes Switzerland as having a "starke Aussenposition." I looked up several explanations of Switzerland's rating and came up with "net external creditor position" and "net international asset position." Is one of these the correct term, or is it something else, like another way of saying Außenhandelsüberschuss (foreign trade surplus)? Thanks in advance!
Proposed translations
(English)
| 3 +2 | strong external position |
David Hollywood
|
| 5 | ranking of the country |
Vladimir Trkovnik
|
Proposed translations
+2
2 hrs
David Hollywood
Native in English
worked for int. orgs (IMF, OAS, IDB)
Native in: English
Works in: Spanish to English, German to English
Related KudoZ points
:
36
Selected
strong external position
www.alacrastore.com/.../Research-Update-Switzerland-Ratings-Affirmed-At-AAA-A-1-Outlook-Stable-1224711En caché6 Dec 2013 ... Research Update: Switzerland Ratings Affirmed At 'AAA/A-1+'; Outlook ... with a
strong external position and significant monetary flexibility.
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Note added at 2 hrs (2014-04-03 00:42:46 GMT)
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The Swiss Confederation has a prosperous, competitive, and diversified economy with a strong external position and significant monetary flexibility. We are therefore affirming our 'AAA/A-1+' long- and short-term sovereign credit ratings on Switzerland.
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Note added at 2 hrs (2014-04-03 00:47:20 GMT)
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here's an IMF ref to back it up:
Switzerland—2009 Article IV Consultation
Conclusions of the Mission
March 9, 2009
1. Despite strong economic fundamentals, Switzerland cannot escape the impact of the global crisis. In recent years, the Swiss economy has experienced high growth, low unemployment and modest inflation, with strong fiscal and external positions. However, its openness, both in trade and financial relations, means that the domestic economy cannot be isolated from foreign shocks. The transmission runs through two main channels: a financial channel, including the impact of the crisis on the balance sheets of financial institutions and business models looking forward; and a trade channel, through which the global slowdown affects demand for exports. Both the financial and real shocks associated with the crisis have a major impact on the outlook for the Swiss economy.
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Note added at 2 hrs (2014-04-03 00:47:42 GMT)
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http://www.imf.org/external/np/ms/2009/030909.htm
strong external position and significant monetary flexibility.
--------------------------------------------------
Note added at 2 hrs (2014-04-03 00:42:46 GMT)
--------------------------------------------------
The Swiss Confederation has a prosperous, competitive, and diversified economy with a strong external position and significant monetary flexibility. We are therefore affirming our 'AAA/A-1+' long- and short-term sovereign credit ratings on Switzerland.
--------------------------------------------------
Note added at 2 hrs (2014-04-03 00:47:20 GMT)
--------------------------------------------------
here's an IMF ref to back it up:
Switzerland—2009 Article IV Consultation
Conclusions of the Mission
March 9, 2009
1. Despite strong economic fundamentals, Switzerland cannot escape the impact of the global crisis. In recent years, the Swiss economy has experienced high growth, low unemployment and modest inflation, with strong fiscal and external positions. However, its openness, both in trade and financial relations, means that the domestic economy cannot be isolated from foreign shocks. The transmission runs through two main channels: a financial channel, including the impact of the crisis on the balance sheets of financial institutions and business models looking forward; and a trade channel, through which the global slowdown affects demand for exports. Both the financial and real shocks associated with the crisis have a major impact on the outlook for the Swiss economy.
--------------------------------------------------
Note added at 2 hrs (2014-04-03 00:47:42 GMT)
--------------------------------------------------
http://www.imf.org/external/np/ms/2009/030909.htm
Peer comment(s):
| agree |
philgoddard
: External position: The balance of trade or the balance on current account. http://www-personal.umich.edu/~alandear/glossary/e.html
4 hrs
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thanks Phil :)
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| agree |
Steffen Walter
6 hrs
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danke Steffen :)
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4 KudoZ points awarded for this answer.
Comment: "Thanks for this and the glossary!"
18 hrs
Vladimir Trkovnik
Croatia
Croatia
Specializes in field
Croatia
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Native in: Croatian 
Works in: English to Croatian, Italian to Croatian, German to Croatian, and 2 more.
ranking of the country
AAA rating is a measure of a ranking of a particular country in international business and financial business world.
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