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The German and Italian government bond markets: The role of banks versus non-banks Puriya Abbassi, Michele Leonardo Bianchi, Daniela Della Gatta, Raffaele Gallo, Hanna Gohlke, Daniel Krause, Arianna Miglietta, Luca Moller, Jens Orben, Onofrio Panzarino, Dario Ruzzi, Willy Scherrieble, Michael Schmidt
2 MB, PDF
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German balance of payments in April 2021
In April 2021, Germany’s current account recorded a surplus of €21.3 billion, down €8.7 billion on the previous month’s level. This was driven by the decrease in the goods account surplus and a narrowed surplus on invisible current transactions, comprising primary and secondary income as well as services.
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Financial Stability in a Monetary Union Speech on the occasion of the conference of the University of Tübingen in cooperation with Deutsche Bundesbank (Regional Office in Baden-Württemberg)
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Financial cycles and regulation Welcome address held at the conference “Financial Cycles and Regulation” organized by Deutsche Bundesbank, SAFE, DIW, and IWH
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State and Challenges of the European Integration
159 KB, PDF
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German balance of payments in February 2021
The German current account recorded a surplus of €18.8 billion in February 2021, up €1.1 billion from the previous month’s level. While the surplus in invisible current transactions, which comprise services as well as primary and secondary income, saw a decline, the surplus in the goods account rose more strongly.
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BIS Annual Economic Report: The global economy is rebounding surprisingly strongly
29.06.2021 DE
The global economy has rebounded surprisingly strongly and quickly from the COVID-19 pandemic, the Bank for International Settlements (BIS) writes in its Annual Economic Report. A timely, forceful and concerted policy drive on the part of monetary, fiscal and prudential authorities was able to prevent the worst. However, the report explains, recovery has been very uneven across countries and economic sectors. Furthermore, the pandemic has exacerbated income and wealth inequality.