General Search
Multiple search words are automatically linked with "AND". Text enclosed in quotation marks (") returns only the pages in which this text occurs exactly. With the search filters next to the results you have the possibility to further limit your search.
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Covered bond purchase programmes (CBPP)
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Securities markets programme (SMP)
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Spendenkonto wurde geschlossen
Eine Spende auf das angegebene Konto ist nicht mehr möglich.
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Notice
To log-in to the Bundesbank’s ExtraNet or online banking please use the following URLs:
ExtraNet
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Publikationen
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T2 – for professional use
On the following pages, T2 users as well as institutions who are preparing for future participation in T2 will find useful and further information. Amongst other services, these pages contain the main documentation and provide access to the relevant registration forms for new participants. If you have any questions, please contact your customer service team or the National Service Desk for TARGET Services. Contact details can be found in the right-hand column.
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16.07.2018: SREP – Supervisory authorities introduce new cycle
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Glossary
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Im Übrigen gelten unsere Datenschutzbestimmungen sowie das Merkblatt über Schlichtungsverfahren.
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Directoire de la Deutsche Bundesbank
Le Directoire est l'organe suprême de la Bundesbank et il se compose du Président, de la vice-présidente ou du vice-président, ainsi que d'autres membres.
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Teilnehmerinformationen
Hier finden die T2-Nutzer und Institute, die sich auf eine künftige Teilnahme an T2 vorbereiten, hilfreiche und weiterführende Informationen. Neben den wichtigsten Dokumenten haben Sie auf diesen Seiten u. a. Zugriff auf die notwendigen Formulare für neue Teilnehmer. Bei Fragen wenden Sie sich bitte an Ihren Kundenbetreuungsservice (KBS) bzw. den National Service Desk TARGET-Services. Die Kontaktdaten finden Sie in der rechten Spalte.
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Dr. Laura-Chloé Kuntz
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Diskussionspapier 04/2025: Pro-cyclical emissions, real externalities, and optimal monetary policy (in Englisch)
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Statistical release calendar
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Subscribe to newsletter
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NGFS Finance Day Event at the 2024 UN Climate Change Conference (COP29) in Baku
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Update, new data
In 2023, Germany’s Maastricht government debt was roughly €1 billion below the figure reported in provisional calculations. It remains at around €2.62 trillion. However, the debt ratio now stands at 63.6%.
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Circulars
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Hinweis für Besucher*innen
Zugang für Archivbesucher*innen über Ernst-Schwendler-Straße
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Important note
26 KB, XLSX
As of December 2023, numerous time series keys of interest rates and yields in our databases have changed. With the help of this overview you can retrieve the affected time series and further information (in Geman only)
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EMuSe: a new model for analysing climate policies
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Mediathek
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Weitere Video der Serie mit Silviana Ursu
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Statistical release calender
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Germany's Gold
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Profile: Pier Carlo Padoan
Pier Carlo Padoan was born on 19 January 1950 in Rome. He was appointed Minister of Economy and Finance by the Italian government in February 2014. Mr Padoan holds a degree in economics and was a lecturer and researcher at the La Sapienza University in Rome until recently. In addition to his academic career, Mr Padoan has also worked for various international organisations. From 2001 to 2005, he was the Executive Director at the International Monetary Fund (IMF). From 2007 until his appointment to the Italian government, he was Deputy Secretary-General of the Organisation for Economic Co-operation and Development (OECD), where he became Chief Economist in 2009.
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Directions and delivery address
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Biographie succincte
Yves Mersch est depuis décembre 2012 membre du Directoire de la Banque centrale européenne où il est, entre autres, en charge des affaires juridiques ainsi que de la gestion de risque. Auparavant, il était à compter de 1998 président de la banque centrale du Luxembourg. De plus, ce diplômé en droit et en sciences politiques était pendant presque dix ans directeur du Trésor luxembourgeois. En tant que représentant personnel du ministère luxembourgeois des Finances, M. Mersch a activement participé aux négociations sur le Traité sur l'Union européenne (Traité de Maastricht).
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Bietungsfrist für Gebote
16. Juni 2025
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La courbe de Phillips
La courbe de Phillips remonte à l'économiste britannique Alban William Phillips, qui a observé pour les années 1861 à 1957 un lien entre le taux de croissance des salaires nominaux et le taux de chômage. Dans sa variante initiale, la courbe donne ainsi l'impression qu'il existe un choix entre chômage et inflation. Du point de vue empirique, il s'est toutefois avéré qu'une relation aussi simple n'existe pas. Au cours des 50 dernières années, la courbe de Phillips a fait l'objet à plusieurs reprises de discussions controversées qui ont donné lieu à de nombreuses modifications de la courbe.
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Short biography
Yves Mersch has been a member of the Executive Board of the European Central Bank since 2012, where his responsibilities include legal services and risk management. Before this, he was the inaugural Governor of the Banque centrale du Luxembourg (BCL) from 1998–2012. A jurist and political scientist by training, Mersch was also director of the Treasury for Luxembourg for almost ten years. As the personal representative of the Minister of Finance, he was closely involved in the negotiation of the Treaty on European Union (the Maastricht Treaty).
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Profile: Mark Carney
Mark Carney has been Governor of the Bank of England since 1 July 2013. Prior to this, Canadian-born Mr Carney was Governor of the Bank of Canada between 2008 and 2013. Since 2011 he has also served as Chairman of the Financial Stability Board (FSB).
After studying economics in Harvard and Oxford, Carney started his career at the investment bank Goldman Sachs before taking the post of Deputy Governor of the Bank of Canada in 2003. There then followed a brief stay at the Canadian Department of Finance before he returned to the Bank of Canada in 2008.Mark Carney was born in the small Canadian town of Fort Smith on 16 March 1965. He is the first non-Briton to serve as Governor of the Bank of England.
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The Phillips curve
The Phillips curve was invented by UK economist Alban William Phillips, who observed a correlation between nominal wage growth and the unemployment rate for the period 1861 to 1957. The original version of the curve implies a trade-off between unemployment and inflation. Empirical evidence shows, however, that the relationship is not nearly as simple as that. Over the past 50 years, the Phillips curve has time and again been hotly debated, leading to numerous modifications.
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Discussion paper 45/2024: Macroeconomic and financial effects of natural disasters
991 KB, PDF
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The Lehman-insolvency and the financial crisis
The insolvency of LBHI in September 2008 was the culmination of events that had begun in the summer of 2007 as a crisis in the US real estate market. This brought the interbank market virtually to a standstill. Within a year, a crisis that had until then been confined to the United States had engulfed the global financial and economic system.
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Important note
The Deutsche Bundesbank has not been provided with any supervisory powers in the areas mentioned. The compliance system described here exclusively covers internal Bundesbank rules and mechanisms. In particular, the Deutsche Bundesbank is not responsible for receiving reports of violations of supervisory provisions, compliance with which is monitored by the Federal Financial Supervisory Authority (BaFin). In these cases, please contact BaFin if necessary.
Federal Financial Supervisory Authority
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Visitor address
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Postal address
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Loan requests
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Statistische Sonderveröffentlichung 3 - Archiv
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"Brutalism"
The architecture of the Bundesbank's tower building, Cash Department building and guest house at the Bank's Bockenheim campus is in the tradition of classical modernism and can be described as belonging to the Brutalist style. The French architect Le Corbusier coined the term "beton brut", or "raw concrete", meaning the grey unfinished surface of the raw reinforced concrete, which he used as a design feature in his buildings. This conspicuous use of reinforced concrete became an international trend in the 1960s and 1970s and was the preferred architectural style for public buildings around the world, including Germany. This style is characterised by the visibility of the construction and the use of raw, unprocessed building materials, which are not subsequently encased.
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Special Statistical Publication 3 - Archive
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Joao Vitor Andrade Arce Pais
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Overview of all Special Statistical Publications
The Special Statistical Publications contain methodological, legal and reporting-related information on the Bundesbank’s statistics.
As of 16 April 2020, Special Statistical Publications 3, 4, 5, 6 and 10 have been switched to a new format and are being continued as Statistical Series. This page shows only archived issues. The relevant titles link to the current issue of the Statistical Series in question.
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The balance of payments