The certificate is signed with the SHA-256 algorithm by the Bundesbank Root CA 2015 II and is valid for six years.

Alongside the functional documents, there is also information that does not directly relate to the functioning of TIPS. This includes, for instance, the TARGET Services pricing guide.

The Bundesbank has two stand-alone representative offices – one in New York and the other in Tokyo and many Bundesbank representatives, who are posted at German embassies or consulates general all over the world.

It is often said that wage moderation in Germany was the primary cause of the current account imbalances in the euro area that emerged prior to the financial crisis. A new study puts this hypothesis to the test.

Some basic information to help you as you enter the world of work in Germany.