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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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Are crypto-assets a threat to financial stability? Speech prepared for the seminar series Women in Finance - University of Hohenheim
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The role of the Deutsche Mark as an international investment and reserve currency Article from the Monthly report April 1997
220 KB, PDF
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Making the most of Europe’s opportunities: Reforms for greater prosperity and stability DIW Europe Lecture
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The digital euro – an opportunity for Europe Speech at CashCon 2022
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Financial stability in Europe: Tackling new challenges Keynote Speech prepared for the 14th Seminar on Financial Stability Issues organised by Banca Nationala a Romaniei and the International Monetary Fund (IMF)
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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.
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The digital euro for tomorrow’s payment systems BaFin-Tech 2022