The current economic policy discussion should be viewed in that context. All along, we have been aware that the advantages of euro area membership would be accentuated in periods of financial turmoil. The lessons from the financial crisis have more than confirmed this.
The Deutsche Bundesbank’s Markets Department condenses this information and makes it available internally through its daily market reports from New York. The Bundesbank expects the trading desk to strengthen contacts with local banks and institutions. A physical presence on site and a network of contacts will contribute in many respects to a better understanding of financial market developments both in and beyond Japan.