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National Cash Forum advocates binding statutory rounding rule for cash payments
By way of majority, the National Cash Forum advocates rounding up or down to the nearest 5 euro cent for cash payments in Germany. The Federal Ministry of Finance is called upon to advocate for, and press ahead with, a binding statutory rounding rule in Germany. The rounding rule should be applied across Europe as uniformly as possible.
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Germany’s international investment position at the end of 2023
At the end of 2023, Germany’s net external assets totalled €2,964 billion, thus amounting to just over 70% of Germany’s nominal gross domestic product (GDP). Overall, both assets and liabilities vis-à-vis non-residents rose further in 2023.
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Macroeconomic effects of carbon-intensive energy price changes: A model comparison Matthias Burgert, Matthieu Darracq Pariès, Luigi Durand, Mario González, Romanos Priftis, Oke Röhe, Matthias Rottner, Edgar Silgado-Gómez, Nikolai Stähler, Janos Varga
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Current monetary policy topics Speech at the Commerzbank AG event “Geldpolitik in Zeiten der Inflation”
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Europe and its euro – fit for the future? Address to mark the awarding of the Heinrich Hertz Guest Professorship
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German balance of payments in March 2024
Germany’s current account recorded a surplus of €27.6 billion in March 2024, down €1.1 billion on the previous month’s level. This was mainly attributable to a lower surplus in invisible current transactions, which comprise services as well as primary and secondary income.
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German balance of payments in August 2023
Germany’s current account recorded a surplus of €16.6 billion in August 2023, down €2.2 billion on the previous month’s level. While the balance in invisible current transactions, which comprise services as well as primary and secondary income, moved into positive territory, there was a sharper decline in the surplus in the goods account.