Unless otherwise defined, all transactions by banks located in the currency area that are not denominated in their own domestic currency. Observed by the central bank because both deposits and loans denominated in non-domestic currency are in some respects (first of all: significant changes in supply and demand; conspicuous market changes) indicative of corresponding expectations on the part of the market participants involved. – See foreign currency bond, foreign currency risk. – See the annex “Euro area statistics”, section “Monetary developments, banks and investment funds”, subsection “Selected balance sheet items of MFIs broken down by currency” in the respective ECB Monthly Bulletin.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/