The Eurosystem’s monetary policy measures in the years following the European sovereign debt crisis were shaped, in particular, by a prolonged period in which inflation rates were well below the Eurosystem’s target. Against this backdrop, the ECB Governing Council decided, starting in 2014, to conduct various targeted longer-term refinancing operations (TLTROs) and launch temporary monetary policy purchase programmes in addition to the existing operational framework.

The certificate is self-signed with the SHA-256 algorithm and is valid for twelve years.

Even though it was created in 1936, from today’s perspective "Die Sinnende" [The contemplative woman] appears as if the huge dislocations of the following decade were already being depicted in the portrait of this young woman

His pictures and sculptures are the perfect symbiosis of beauty and rationality. Just about every work that Max Bill produced can be deciphered as a verifiable solution to a mathematical problem, without becoming overladen with meaning.

The Conference on Regulating Financial Markets is jointly organised by the Deutsche Bundesbank, the Goethe University Frankfurt/Center for Advanced Studies on the Foundation of Law and Finance, the Frankfurt School of Finance & Management/Center for European Transformation, and the Center for Economic Policy Research (CEPR). 

Here you will find an overview of the publications relating to the coin and banknote collection.

The certificate is signed with the SHA-256 algorithm by the Bundesbank Root CA 2015 II and is valid for 2 1/2 years. 

The certificate is signed with the SHA-256 algorithm by the Bundesbank Root CA 2015 II and is valid for 2 1/2 years.