It is often said that wage moderation in Germany was the primary cause of the current account imbalances in the euro area that emerged prior to the financial crisis. A new study puts this hypothesis to the test.

Some basic information to help you as you enter the world of work in Germany.

Gaetan talks about his journey to becoming a Bundesbank data warehouse architect and how he takes advantage of the working conditions at the Bundesbank to do his job.

The statistics on the money markets is on money market transactions, namely on secured, unsecured and certain derivatives money market transactions, concluded by monetary financial institutions (MFIs), with the exception of money market funds.

The Bundesbank has two stand-alone representative offices – one in New York and the other in Tokyo and many Bundesbank representatives, who are posted at German embassies or consulates general all over the world.

Germany’s current account posted a surplus of € 23.2 billion in June 2024, up € 4.9 billion on the previous month’s level. The goods account surplus decreased, yet the deficit in invisible current transactions narrowed to a far greater extent.

Alongside the functional documents, there is also information that does not directly relate to the functioning of TIPS. This includes, for instance, the TARGET Services pricing guide.