•  Underlying the suggestions that I have made is a firm belief that the success of our approaches to crisis management needs to be viewed and assessed with a wide focus. Certainly, there is the question of efficacy in containing the crisis at hand, and the balance between this and the costs, actual and potential, to the public sector.
The Bundesbank provides the subscription payments for Germany’s quota increases, participates in the so-called “New Arrangements to Borrow” process and the financial transaction plan and stands ready for Special Drawing Rights exchanges in the context of the voluntary trading arrangements.