They discussed the contribution of the fintech industry to the Israeli economy, how innovation can be promoted in the financial system and in the economy overall, as well as how to change the Bank itself into a digital and innovative organization. Anyone who knows me knows that I live and breathe research and data. The fourth team that we established deals with that.
The Bundesbank also sees little logic in them, particularly since simulations show that measures designed to bolster demand in Germany would have negligibly small spill-over effects on countries saddled with chronic current account deficits. A more prudent course of action would be to introduce policies that make Germany more investment-friendly.