The potential consequences of inflation demonstrate how important it is to keep the value of a currency stable. The German Empire experienced hyperinflation and hidden inflation during and after both world wars. West Germany also saw comparatively high inflation rates in the 1970s.

Germany's net external position stood at €1,228 billion at the end of 2014, and thus amounted to around 42% of gross domestic product. The German net external asset position rose by €248 billion year-on-year. This increase primarily reflects Germany's current account surplus last year. Unlike in the previous year, the increase occurred against the backdrop of rising gross stocks, as it had done in the years before that.

07.-09.07.2021 | Virtual Event

Bundesbank Executive Board member Joachim Wuermeling is calling for the financial centres of the European Union to come together to work as a single networked financial platform. At present, their overall potential is spread across the entire continent, he writes in an oped for the Handelsblatt. In his view, a digital financial market union "would be a highly ambitious new project that would be worth the effort to make it work".