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German balance of payments in July 2023
Germany’s current account posted a surplus of €18.7 billion in July 2023, down €9.7 billion on the previous month’s level. This decrease was due to a narrowing of the surplus in the goods account and a depletion of that in invisible current transactions, which comprise services as well as primary and secondary income.
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A common call for a Franco-German revival Guest contribution by Banque de France Governor François Villeroy de Galhau and Bundesbank President Joachim Nagel published in the Frankfurter Allgemeinen Zeitung and Le Monde
France and Germany are at a crossroads. Banque de France Governor François Villeroy de Galhau and Bundesbank President Joachim Nagel have published a common call for three things.
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Optimal central bank collateral policy for the net zero transition Discussion paper 28/2025: Matthias Kaldorf
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Introductory statement at the press conference presenting the Annual Report 2024
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Escaping the Losses from Trade: The Impact of Heterogeneity on Skill Acquisition Axelle Ferriere, Gaston Navarro, Ricardo Reyes-Heroles
1 MB, PDF
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German balance of payments in June 2023
Germany’s current account posted a surplus of €29.6 billion in June 2023, up €21.4 billion on the previous month’s level. This was because invisible current transactions, which comprise services as well as primary and secondary income, switched to a surplus, and there was a larger surplus on the goods account.