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Monthly report – September 2021
The September 2021 edition of the Monthly Report outlines the Eurosystem’s monetary policy strategy and analyses the influence of its monetary policy on bitcoin and other crypto tokens. In addition, it discusses the performance of German credit institutions in 2020.
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Quantifying bias and inaccuracy of upper-level aggregation in HICPs for Germany and the euro area Julika Herzberg, Thomas A. Knetsch, Patrick Schwind, Sebastian Weinand
773 KB, PDF
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Slow capital, fast prices: Shocks to funding liquidity and stock price reversals Stefan Gissler
527 KB, PDF
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Interactions between bank levies and corporate taxes: How is bank leverage affected? Franziska Bremus, Kirsten Schmidt, Lena Tonzer
985 KB, PDF
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Implications of the Eurosystem's monetary operations during the financial crisis Article from the Monthly Report April 2014
230 KB, PDF
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Monetary policy and banking business Article from the Monthly Report November 2012
208 KB, PDF