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International Monetary Fund (IMF)
The International Monetary Fund (IMF) was conceived at the Bretton Woods Conference in 1944, and currently has 190 member countries. Germany joined the Fund in 1952. The overarching aim of the IMF is to promote economic policy cooperation and stability in the international monetary system. Its mandate also covers financial stability issues that have monetary implications.
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German balance of payments in June 2025
Germany’s current account posted a surplus of €18.6 billion in June 2025, up €11.1 billion on the previous month’s level. This was mainly attributable to the swing to a surplus in invisible current transactions, which comprise services as well as primary and secondary income. Moreover, the surplus in the goods account increased somewhat.
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Adapting to a changing world: monetary policy, structural reforms and digitalisation Keynote speech at the Frankfurt School & OMFIF seminar “The European and international monetary and financial landscape”
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Methodology and notification tables Maastricht deficit and debt level
Explanatory notes
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The German economy in choppy international waters Speech at the Speaker’s Luncheon, Union International Club e. V.
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Risikomanagement in Zeiten wachsender Unsicherheit Rede beim NPL Forum 2025
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Target achieved – no reason to let up Keynote speech at the Frankfurt Euro Finance Summit
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What’s behind the sustained decline in German export market shares?
14.07.2025 DE
German export market shares have been contracting since 2017, and especially since 2021. According to the latest Monthly Report, this is largely due to a deterioration in the competitiveness of the German economy. More than three-quarters of the losses in market shares between 2021 and 2023 were the result of supply-side constraints. In this issue, the authors look at what is behind the decline in German export market shares and derive possible structural reforms.