Germany
The use of mortgage covered bonds
According to this IMF Working Paper, the rapid mortgage credit growth experienced in recent years in mature and emerging countries has raised some stability concerns.
Deutsche Bundesbank Monthly Report, December 2006
The Deutsche Bundesbank published the English version of its December 2006 Monthly Report on Tuesday 30 January. The report said Germany's cyclical upturn continued at a brisk pace in the third quarter.
Germany's Steinbrueck defends 'sacrosanct' ECB
German Finance Minister Peer Steinbrueck insisted Tuesday 30 January that European Central Bank independence was "sacrosanct" amid calls from some politicians for a more accountable ECB.
Europe's uneven growth challenge
According to this article on the Project Syndicate website, growth has become less evenly balanced throughout the eurozone with the resurgence in German growth.
Buba's Remsperger sees German recovery into 2008
Bundesbank executive board member Hermann Remsperger said in an interview with the Financial Times published Monday 29 January Germany's economic recovery has a good chance of continuing beyond 2007 and into next year.
Buba's Weber says rates may have to rise
Bundesbank President Axel Weber said in an interview published Monday 29 January a further increase in euro zone interest rates may well be needed, if German wages increase steeply.
ECB's Weber says rates must keep rising
ECB governing council member Axel Weber said on Friday 26 January must keep withdrawing monetary stimulus from the euro zone economy.
Buba's Fabritius sees German GDP growth down
Bundesbank executive board member Hans Georg Fabritius said in a speech German GDP growth is expected to be 1.75% this year, down from a 2.7% growth rate in 2006.
Buba's Weber warns on German wage hikes
Bundesbank president Axel Weber warned Friday 19 January that sharp wage increases in Germany could set off a new round of inflation and hinder the European Central Bank's price stability goal.
EU's Almunia positive on 2007 inflation
European Union Monetary Affairs commissioner Joaquin Almunia said Thursday 18 January eurozone growth and inflation should be roughly in line with 2006 figures this year thanks largely due to a positive outlook for Germany.
UWE paper on monetary policy uncertainty
It is widely believed that institutional arrangements influence the quality of monetary policy outcomes. Judged on its 'transparency' characteristics, therefore the Bank of England should do better than both the Bundesbank and ECB, according to the…
Merkel worried by debate on ECB independence
German Chancellor Angela Merkel spoke out on economic issues in an interview Saturday 13 January, defending the independence of the European Central Bank against euro critics and calling for closer ties with the US.
Germany's Steinbrueck defends ECB independence
Germany said Thursday 11 January it would not put up with any change in the independence of the European Central Bank.
ECB's Liikanen sees inflation risks
European Central Bank Governing Council member, Erkki Liikanen, said there were still upside risks to inflation in the eurozone, Finnish national broadcaster YLE reported on Tuesday 2 January.
Bank of Slovenia joins Central Bank Gold Agreement
The central bank of Slovenia has joined the Central Bank Gold Agreement which limits gold sales by central banks, the European Central Bank said Friday 22 December.
Confidence in German economy high
Strong global demand for Germany's manufacturing exports has pushed business confidence in Europe's biggest economy to its highest level since the country was reunified at the start of the 1990s, the Ifo institute announced Tuesday 19 December.
Deutsche Bundesbank Monthly Report, November 2006
The Deutsche Bundesbank published the English version of its November 2006 Monthly Report on Thursday 14 December. The report said euro- zone interest rates are still very low and inflation risks persist despite a recent drop in the inflation rate.
Buba's Weber says ECB won't bow to rate pressure
The European Central Bank will definitely not put off possible further rises in interest rates to avoid potential clashes with eurozone politicians, Bundesbank President Axel Weber said Friday 15 December in an interview with the Frankfurter Allgemeine…
Bundesbank to cut another 800 jobs
The Bundesbank said Wednesday 13 December it is to cut an additional 800 jobs over the next six years.
Dallas Fed's Fisher on German economic decline
In the speech 'Is German economic decline exaggerated or inevitable?' given on 20 November Richard W. Fisher of the Federal Reserve Bank of Dallas said Germany has embarked upon what is certain to be a long and difficult journey to secure its future in a…
Bundesbank FSR sees growth at 2.5%
The Bundesbank's latest Financial Stability Review notes that a 2.5% increase in the country's GDP growth this year is "a realistic prospect."
Europe's new large-value payment system on target
Europe's new large-value payment system is on schedule to go live in 2007 says the European Central Bank in its third annual report on TARGET2.
Buba's Fabritius on the new TARGET2 system
In the speech 'The new TARGET2 system and recent developments in European securities settlement' given on 15 November Hans Georg Fabritius of the Bundesbank said we will only be able to realise TARGET2 Securities with the active involvement and…
Deutsche Bundesbank Monthly Report, October 2006
The Deutsche Bundesbank published the English version of its October 2006 Monthly Report on Friday 17 November. The report said the German economy has probably continued to expand at a fast pace in the third quarter, driven mainly by a strong…