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Keynote speech: The role of the renminbi in international payments 5th European-Chinese Banking Day as part of the Euro Finance Week
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German balance of payments in December 2023
Germany’s current account recorded a surplus of €31.4 billion in December 2023, up €0.9 billion on the previous month’s level. While the surplus in the goods account decreased, the surplus in in-visible current transactions, which comprise services as well as primary and secondary income, ex-perienced a stronger increase.
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Current challenges in Europe – a central banker’s perspective Speech at Money Marketeers of New York University
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Monetary policy responses to oil price movements M. Bodenstein, L. Guerrieri, L. Kilian
306 KB, PDF
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Discussion of: "Currency blocs in the 21stcentury“ by Christoph Fischer Ulrich Volz
663 KB, PDF
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Economic risks from Germany’s ties with China
24.01.2024 DE
The People’s Republic of China currently has severe economic problems to contend with. On top of that, relations between advanced economies in the West and China have worsened noticeably of late. These developments also present considerable risks for Germany. “If these risks materialise, Germany’s economy could take a huge hit,” the Bundesbank writes in an article in its January Monthly Report. The article explores Germany’s dependence on China, and is the first to also focus on potential risks to the financial system.