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Germany’s external position: new statistical approaches and results since the financial crisis Article from the Monthly Report April 2018
168 KB, PDF
Measured by nominal gross domestic product (GDP), Germany’s net external assets grew from just under 20% at the start of 2007 to around 60% by the end of 2017. Enterprises and households recorded the highest increase in assets, with portfolio investment being a key factor. As noted in the April 2018 Monthly Report, "For the first time in over 30 years, residents’ holdings of foreign securities are larger than non-residents’ holdings of securities issued in Germany".
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Monthly Report - March 2017
The March 2017 Monthly Report sheds light on Germany’s balance of payments for 2016 and outlines the cyclical adjustment procedures carried out by the federal states as part of the debt brake.
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Fundamental determinants of real exchange rate movements in the central and east European accession countries Article from the Monthly report October 2002
310 KB, PDF
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The implementation of the ESCB's monetary policy by the Bundesbank and its formulation in the General Terms and Conditions Article from the Monthly report November 1998
50 KB, PDF
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Return differences between DAX ETFs and the benchmark DAX Discussion paper 28/2021: Christoph Schmidhammer
1 MB, PDF
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Who benefits from using property taxes to finance a labor tax wedge reduction? Discussion paper 3/2019: Nikolai Stähler
977 KB, PDF