Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Germany 02 02 - Credit creation EUR 483,840,000,000 535,221,238,938
Germany 02A 02A - Financial sector lending/funding EUR
Germany 02B 02B - Support policies for long-term lending EUR International Monetary Fund (IMF). https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 11 April 2020) ; Bundesministerium der Finanzen. https://www.bundesfinanzministerium.de/Content/DE/Pressemitteilungen/Finanzpolitik/2020/07/2020-07-29-PM-Risikoreduzierungsgesetz.html (accessed 6 August 2020).

(i) No amount/estimate: April 1, Release of the countercyclical capital buffer for banks from 0.25% to zero; (ii) No amount/estimate: July 29, The Federal Cabinet passed a draft law to strengthen the stability of the banking sector and protect taxpayers and investors. Large banks will have to maintain loss buffers of at least 8% of their total assets, which cushion losses in the event of a crisis (https://bit.ly/3gxzoTh).

Germany 02C 02C - Loan guarantees EUR 483,840,000,000 535,221,238,938 Federal Ministry of Finance. https://bit.ly/3el63tR (accessed 17 April 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#G (accessed 17 April 2020); Federal Ministry of Economy and Energy. https://www.bmwi.de/Redaktion/DE/Pressemitteilungen/2020/20200707-altmaier-mit-5-punkte-massnahmepaket-unterstuetzen-wir-deutsche-exportwirtschaft.html (accessed 12 July 2020); European Commission. https://bit.ly/2PMOtoh (accessed 8 August 2020).

(i) March 23, EUR400 billion under the WSF to provide guarantees to companies' debt (up to 60 months) and EUR63 billion in guarantees by Länder; (ii) July 7, The federal government supports the financing of German exports with export credit guarantees (annual guarantee volume is EUR20 billion). This is part of the package of measures announced to support the export industry; (iii) July 31, European Commission approves EUR840 million German guarantee scheme to cover vouchers issued by travel operators for cancelled travel packages booked prior to 8 March 2020. Any traveller that accepts a voucher issued by a travel operator will be able to either use it or receive a full refund (https://bit.ly/2PMOtoh).

Germany 02 02 - Credit creation EUR 463,000,000,000 512,168,141,593
Germany 02A 02A - Financial sector lending/funding EUR
Germany 02B 02B - Support policies for long-term lending EUR International Monetary Fund (IMF). https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 11 April 2020).

No amount/estimate: April 1, Release of the countercyclical capital buffer for banks from 0.25% to zero.

Germany 02C 02C - Loan guarantees EUR 463,000,000,000 512,168,141,593 Federal Ministry of Finance. https://www.bundesfinanzministerium.de/Web/EN/Meta/QuickAccess/quickaccess.html%20And%20other (accessed 17 April 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#G (accessed 17 April 2020).

(i) March 23, EUR400 billion under the WSF to provide guarantees to companies' debt (up to 60 months); and (ii) EUR63 billion in guarantees by Länder.