We take it for granted that our checks clear, ATMs instantly provide cash anywhere in the world, imports are paid for in the required currency, and the desired amount of liquidity is available to us any time at the lowest cost.
Andreas Dombret: The euro area – where do we stand? Speech by Dr Andreas Dombret, Member of the Executive Board of the Deutsche Bundesbank, at Money Marketeers, New York City, 4 March 2015. * 1. *  *  Introduction  Ladies and gentlemen Thank you for inviting me to speak at a Money Marketeers event today.