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Growth in renminbi business in Germany
Renminbi trade in Germany has experienced strong growth: German-issued securities denominated in renminbi (RMB) have more than quadrupled since last spring. The issuance of numerous "Goethe bonds" and other debt securities caused the volume to rise from just under RMB 5 billion to over RMB 21 billion.
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COVID-related fiscal measures and debt sustainability Prepared for the ESM seminar on debt sustainability Panel II “Policy implications in the ‘new normal’”
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Handbuch zu den AnaCredit-Validierungsregeln Version 22, gültig ab/valid from 01.08.2026
1 MB, PDF
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How do credit supply shocks propagate internationally? A GVAR approach S. Eickmeier, T. Ng
188 KB, PDF
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New Bundesbank projection: German economy picking up at an increasing pace
The German economy is currently following a growth path that is primarily underpinned by domestic demand. Commenting on the Bundesbank's latest semi-annual projection, the Bank's President Jens Weidmann said:
"The main drivers are the favourable labour market situation and substantial increases in households' real disposable income, though foreign trade is currently being hampered by frail demand from the emerging market economies."
This is making itself felt on industrial investment, the Bundesbank's economists write. -
German Quality Report for balance of payments and international investment position – MIP Level 3
108 KB, PDF
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30 years of monetary reform in Estonia: Lessons learned for the decade ahead Keynote speech dedicated to the 30th anniversary of monetary reform in Estonia
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Sharing the Burden: International Policy Cooperation in a Liquidity Trap - Discussion of David Cook and Michael B. Devereux Gernot Müller
140 KB, PDF