Deutsche Bundesbank's Dombret Says Growth Has Returned to Europe

Deutsche Bundesbank's Dombret Says Growth Has Returned to Europe

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Business, Social Studies

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The Bundesbank has decided to include the renminbi in its currency reserves, following the ECB's lead. Despite concerns about China's capital controls and the renminbi's non-free-floating status, the decision aligns with IMF obligations. The renminbi's international use is growing, partly due to China's Belt and Road initiative. The ECB's monetary policy remains expansionary, but there's a call for setting an end date for asset purchases. The Basel deal is finalized, ensuring regulatory certainty, while discussions on cryptocurrencies and blockchain technology continue.

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4 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How has the international use of the renminbi changed in recent years?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of the ECB's monetary policy in relation to the current economic situation in Europe?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What role does the Basel Committee play in the context of cryptocurrencies?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What technological advancements has the German Central Bank made regarding digital payments?

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