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  • A forest with birch trees photographed from below ©smallredgirl / Fotolia
    © smallredgirl / Fotolia
    Green Finance

    Climate change poses huge challenges for the financial sector, too. The Bundesbank supports the transition to a low-carbon economy.

    Green Finance
    • Overview Bundesbank
    • Organisation
      • Overview Organisation
      • Executive Board
        • Overview Executive Board
        • Dr Joachim Nagel
        • Dr Sabine Mauderer
        • Burkhard Balz
        • Lutz Lienenkämper
        • Michael Theurer
        • Prof. Dr Fritzi Köhler-Geib
      • COO and Directorates
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      • Overview Regional Offices and branches
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        • Overview Baden-Württemberg
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        • Overview Bavaria
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        • Overview Berlin and Brandenburg
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        • Overview Bremen, Lower Saxony and Saxony-Anhalt
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        • Overview Hamburg, Mecklenburg-West Pomerania and Schleswig-Holstein
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        • Overview Hesse
        • Branch
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        • Overview North Rhine-Westphalia
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        • Overview Rhineland-Palatinate and Saarland
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        • Overview Saxony and Thuringia
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      • Overview Research and Research Data
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        • Overview Research Centre
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        • Overview Research Data and Service Centre
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        • Overview Panel on Household Finances (PHF)
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      • Overview International Central Bank Dialogue
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    • Eurosystem
  • Digital Euro ©European Central Bank
    © European Central Bank
    Digital euro

    Information on the project Digital Euro

    Digital euro
    • Overview Tasks
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      • Overview Monetary policy
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        • Overview Open market operations
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        • Overview Collateral
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        • Overview Outright transactions
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        • Overview Minimum reserves
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      • Overview Financial and monetary system
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        • Overview Financial and monetary stability
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      • Overview Banking supervision
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        • Overview Bundesbank's role
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          • Overview Liquidity
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          • Overview Risk Management
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      • Overview Cash management
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        • Overview Counterfeit money
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        • Overview CashEDI
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          • Overview General Information
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        • Overview Cash recycling
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        • Overview TARGET
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    SDMX Web Service

    The Bundesbank provides a new procedure for the automated download of statistical data sets. The web service offers an interface for programmatic access.

    SDMX Web Service
    Blue digital binary data on computer screen ©ninog / fotolia
    © ninog / fotolia
    Time series databases

    The Bundesbank’s up-to-date statistical data in the form of time series (also available to download as a CSV file or SDMX-ML file).

    Time series databases
    • Overview Statistics
    • Banks and other financial corporations
      • Overview Banks and other financial corporations
      • Banks
        • Overview Banks
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      • Overview Economic activity and prices
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      • Overview Exchange rates
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      • Overview External sector
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      • Overview Money and capital markets
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        • Overview Interest rates and yields
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      • Overview Public finances
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      • Overview Sets of indicators
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    • Sustainability
    • Time series databases
  • Cashless money transfer ©Maria Lungwitz
    © Maria Lungwitz
    Bank sort codes search

    Here you will find information on the bank sort code file and on the bank sort code update service. You can also download the bank sort code files.

    Bank sort codes search
    • Overview Service
    • Banking services for central banks
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      • Overview Banks and companies
      • Bund Bidding System (BBS)
        • Overview Bund Bidding System (BBS)
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        • Overview Collateralmanagement Access Portal (CAP)
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        • Overview ESM/EFSF Bidding System (EBS)
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        • Overview Mobilisation and Administration of Credit Claims (MACCs)
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      • OpenMarket Tender Operation System (OMTOS)
        • Overview OpenMarket Tender Operation System (OMTOS)
        • General information
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      • PKI - Public Key Infrastructures
        • Overview PKI - Public Key Infrastructures
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      • Overview Federal securities
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        • Overview External sector
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        • Overview External sector forms centre
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      • Banking Supervision
        • Overview Banking Supervision
        • PRISMA: Refining and improving the supervisory reporting system
        • Submission via ExtraNet
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      • Banking Supervision form centre
        • Overview Banking Supervision form centre
        • Reports
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        • Overview Banking statistics
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        • Overview Financial Stability
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      • Overview School service
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        • Overview Teaching materials
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  • Journalists at a press conference ©Frank Rumpenhorst
    © Frank Rumpenhorst
    Press

    In the press area, you will find press releases, speeches, guest contributions and interviews with Bundesbank Executive Board members as well as further press materials.

    Press
    • Overview Press
    • Press releases
      • Overview Press releases
      • Federal securities
      • EFSF/ESM
    • Speeches
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      • Overview Press materials
      • Pictures archive
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    • Press dates
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  • An open book next to a laptop ©Dieter Roosen
    © Dieter Roosen
    Studies

    The Bundesbank published various studies and conference proceedings, resulting from the research activities of its employees and guest researchers.

    Studies
    • Overview Publications
    • Reports and studies
    • Research
    • Statistics
  • Three people talking ©Björn Hänssler
    © Björn Hänssler
    Employer Bundesbank

    Information on work with a special value

    Employer Bundesbank
    • Overview Career
    • Job offers
    • Employer Bundesbank
      • Overview Employer Bundesbank
      • Job stories
      • Diversity, Equity & Inclusion
    • Career opportunities
      • Overview Career opportunities
      • Work placements for university students
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    • Questions on the application
  • Contact
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  • Refereed Publications

    • Bayesian estimation of sparse dynamic factor models with order-independent and ex-post mode identification Kaufmann S., Schumacher C.

      2019 | Journal of Econometrics, Vol. 210(1), pp. 116-134.

    • Identifying relevant and irrelevant variables in sparse factor models Kaufmann S., Schumacher C.

      2017 | Journal of Applied Econometrics, Vol. 32(6), pp. 1123-1144.

    • A comparison of MIDAS and bridge equations Schumacher C.

      2016 | International Journal of Forecasting, Vol. 32(2), pp. 257-270.

    • U-MIDAS: MIDAS regressions with unrestricted lag polynomials Foroni C., Marcellino M., Schumacher C.

      2015 | Journal of the Royal Statistical Society Series A, Vol. 178(1), pp. 57-82.

    • Pooling versus model selection for nowcasting GDP with many predictors: Empirical evidence for six industrialized countries Kuzin V., Marcellino M., Schumacher C.

      2013 | Journal of Applied Econometrics, Vol. 28(3), pp. 392-411.

    • Unrestricted mixed data sampling (MIDAS): MIDAS regressions with unrestricted lag polynomials Foroni C., Marcellino M., Schumacher C.

      2013 | Journal of the Royal Statistical Society Series A: Statistics in Society, Volume 178, Issue 1, Pages 57–82

    • Forecasting with Factor Models Estimated on Large Datasets: A Review of the Recent Literature and Evidence for German GDP Schumacher, C.

      2011 | Jahrbücher für Nationalökonomie und Statistik, Vol. 231(1), pp. 28-49.

    • MIDAS vs. mixed-frequency VAR: Nowcasting GDP in the Euro Area Kuzin V., Marcellino M., Schumacher C.

      2011 | International Journal of Forecasting, Vol. 27, pp. 529-542.

    • Factor forecasting using international targeted predictors: The case of German GDP Schumacher C.

      2010 | Economics Letters, Vol. 107, pp. 95-98.

    • Factor MIDAS for Nowcasting and Forecasting with Ragged-Edge Data: A Model Comparison for German GDP Marcellino M., Schumacher C.

      2010 | Oxford Bulletin of Economics and Statistics, Vol. 72, pp. 518-550.

    • Measuring uncertainty of the euro area NAIRU: Monte Carlo and empirical evidence for alternative confidence intervals in a state space framework Schumacher C.

      2008 | Empirical Economics, Vol. 34(2), pp. 357-379.

    • Real-time forecasting of German GDP based on a large factor model with monthly and quarterly data Schumacher C., Breitung J.

      2008 | International Journal of Forecasting, Vol. 24, pp. 368-398.

    • Forecasting German GDP using alternative factor models based on large datasets Schumacher C.

      2007 | Journal of Forecasting, Vol. 26(4), pp. 271-302.

    • The Out-of-Sample Performance of Leading Indicators for the German Business Cycle: Single vs. Combined Forecasts Schumacher C., Dreger C.

      2005 | Journal of Business Cycle Measurement and Analysis, Vol. 2(1), pp. 71-88.

    • A comparison of mean square error approximations for a small estimated state space model Schumacher C.

      2004 | Allgemeines Statistisches Archiv, Journal of the German Statistical Society, Vol. 88(3), pp. 327-345.

    • Estimating large-scale factor models for economic activity in Germany : Do they outperform simpler models? Schumacher C., Dreger C.

      2004 | Jahrbücher für Nationalökonomie und Statistik, Vol. 224, pp. 732-750.

    • Are Real Interest Rates Cointegrated? Further evidence based on paneleconometric methods Schumacher C., Dreger C.

      2003 | Swiss Journal of Economics and Statistics, Vol. 139(1), pp. 41-53.

    • Forecasting trend output in the Euro area Schumacher C.

      2002 | Journal of Forecasting, Vol. 21(8), pp. 543-558.

  • Other Working Papers and Publications

    • Ertragssteigerung für Genossenschaftsbanken und Sparkassen Köhler M.

      2015 | bank und markt, 7, 30-33.

    • Provisionseinkommen: Alternative Einnahmequelle von Retailbanken Köhler M.

      2014 | BankPraktiker, 9, 326-328.

    • Bank Owners or Bank Managers: Who is Keen on Risk? Evidence From the Financial Crisis Köhler M., Gropp R.

      2010 | ZEW Discussion Paper, No. 10-13, Mannheim.

    • Corporate Governance and Current Regulation in the German Banking Sector: An Overview and Assessment Köhler M.

      2010 | ZEW Discussion Paper, No. 10-002, Mannheim.

    • Corporate Governance in Banks of Germany Köhler M.

      2010 | in: A. Kostyuk, F. Takeda and K. Hosono (eds.), Anti-Crisis Paradigms of Corporate Governance in Banks: A New Institutional Outlook.

    • Der Markt für Unternehmenskontrolle Köhler M.

      2010 | in: G. Wohlmannstetter and K. J. Hopt (eds.), Handbuch Corporate Governance von Banken, 245-264.

    • Geschäftsmodelle im Wandel – Banken setzen wieder verstärkt auf den Privatkunden Köhler M.

      2010 | Bankpraktiker, 2, 10-13.

    • Reform der Aufsichtsräte von Banken – Lösung des Problems? Köhler M., Gropp R.

      2010 | Zeitschrift für das gesamte Kreditwesen, 14, 22-24.

    • Social Banking kein Strohfeuer Köhler M.

      2010 | Bank und Markt, 10, 42-44.

    • Auslandsbanken zielen verstärkt auf das Mengenkundengeschäft Köhler M.

      2009 | Bankpraktiker, 3, 104.

    • Der Einfluss des Staates im Finanzsektor wächst Köhler M.

      2009 | Going Public, 8/9, 50-51.

    • Der Staat wird Banker Köhler M.

      2009 | Die Aktiengesellschaft, 16, R355-R356.

    • Alternative Filialkonzepte auf dem Vormarsch Köhler M.

      2008 | Bank und Markt, 12, 33-35.

    • Europas Banken im Umbruch Köhler M.

      2008 | Going Public, 5, 56-57.

    • Trends im Retail-Banking: Ausländische Banken am deutschen Bankenmarkt Köhler M.

      2008 | ZEW Dokumentation, Nr. 08-03, Mannheim.

    • Trends im Retail-Banking: Ausländische Banken auf dem Vormarsch Köhler M.

      2008 | Finanzbetrieb, 7/8, 720.

    • Trends im Retail-Banking: Die Bankfiliale der Zukunft Köhler M., Lang G.

      2008 | ZEW Dokumentation, Nr. 08-01, Mannheim.

    • Trends im Retail-Banking: Outsourcing im deutschen Bankensektor Köhler M., Lang G.

      2008 | ZEW Discussion Paper, No. 08-04, Mannheim.

    • International Capital Mobility and Current Account Targeting in Central and Eastern European Countries Köhler M.

      2007 | in: K. Liebscher, J. Christel, P. Mooslechner and D. Ritzberger-Grünwald (eds.), Financial Development, Integration and Stability: Evidence from Central Eastern and South-Eastern Europe, Cheltenham, 489-508.

    • Merger Control as Barrier to EU Banking Market Integration Köhler M.

      2007 | ZEW Discussion Paper, No. 07-082, Mannheim.

    • The Real Effects of Bank Distress: Evidence from Bank Bailouts in Germany Bersch J., Degryse H., Kick T., Stein I.

      2020 | Journal of Corporate Finance, Vol. 60, 101521.

    • What predicts financial (in)stability? A Bayesian approach Sigmund M., Stein I.

      2017 | Credit and Capital Markets, Vol. 50(3), pp. 299-336.

    • The price impact of lending relationships Stein I.

      2015 | German Economic Review, Vol. 16(3), pp. 367-389.

    • Trennbankensystem – ein Weg zu mehr Finanzstabilität in Deutschland? Dombret A., Liebig T., Stein I.

      2014 | Perspektiven der Wirtschaftspolitik, Vol. 15(1), pp. 41-55.

    • Contagion at the Interbank Market with stochastic Loss Given Default Memmel C., Sachs A., Stein I.

      2012 | International Journal of Central Banking, Vol. 8(3), pp. 177-206.

    • Kapitalstruktur erfolgreicher Venture Capital-Investitionen: Empirische Evidenz für Deutschland Stein I.

      2008 | Credit and Capital Markets (Kredit und Kapital), Vol. 41(2), pp. 261-298.

  • Refereed Publications

    • A Novel Tree-Based Combined Test for Seasonality Webel K., Ollech D.

      2025 | Data Science in Science, Vol. 4(1), 2517006.

    • Revisions in concurrent seasonal adjustments of daily and weekly economic time series Webel K.

      2025 | Statistical Journal of the IAOS, Vol. 41(2), pp. 265-293.

    • Seasonal Adjustment of Infra-Monthly Time Series with JDemetra+ Webel K., Smyk A.

      2024 | Journal of Official Statistics, Vol. 40(4), pp. 783-828.

    • A Random Forest-based Approach to Combining and Ranking Seasonality Tests Ollech D., Webel K.

      2023 | Journal of Econometric Methods, Vol. 12(1), pp. 117-130.

    • Chaos in German stock returns – New evidence from the 0-1 test Webel K.

      2012 | Economics Letters, Vol. 115(3), pp. 487-489.

    • A Short Note on the Dependence Structure of a Stochastic Process Generated by the Asymmetric Cusp Map Webel K.

      2012 | Communications in Statistics – Theory and Methods, Vol. 41(2), pp. 357-362.

  • Presentations

    • 2020: Joint Statistical Meeting, American Statistical Association, 2-6 August 2020, online.
    • 2019: 7th Luxembourg Workshop on Household Finance and Consumption,  Banque Centrale du Luxembourg, Luxembourg; Household Finance Workshop, Interdisciplinary Centre of the Social Sciences (ICOSS), University of Sheffield, Sheffield (Invited); Berlin Workshop „Women in Macro, Finance and Economic History“, DIW Berlin
    • 2018: Danmarks Nationalbank, Deutsche Bundesbank and Norges Bank conference, Frankfurt (poster); Joint Statistical Meeting, American Statistical Association, Vancouver; Swiss Society of Economics and Statistics (SSES) Annual Congress, St. Gallen; Workshop on Household Heterogeneity and Macroeconomics, ECB, Frankfurt
    • 2017: ECB-Banque de France Conference on Household Finance & Consumption, Paris; University of Hamburg, Department of Socioeconomics (Fakultät Wirtschafts- und Sozialwissenschaften Fachbereich Sozialökonomie); American Real Estate and Urban Economics Association (AREUEA), International Conference, Amsterdam; Understanding Society Scientific Conference 2017, University of Essex
    • 2016: 17th IWH-CIREQ-GW Macroeconometric Workshop: Inequality, Micro Data and Macroeconomics, Halle Institute of Economic Research; Monetary Policy, Macro-prudential Regulation and Inequality, Council on Economic Policies, Zurich; Workshop on House price bubbles - how to detect, predict and prevent them?. Danmarks Nationalbank, Copenhagen; Joint Statistical Meeting, American Statistical Association, Chicago
    • 2015: Joint Statistical Meeting, American Statistical Association, Seattle

    Research Brief

    • Climate change concerns and actions – Can provision of information motivate people to fight climate change? Research Brief | 47th edition – May 2022
      31.05.2022 Panagiota Tzamourani
    • How are households’ consumption plans affected by the COVID-19 pandemic? Research Brief | 35th edition – November 2020
      04.11.2020 René Bernard, Panagiota Tzamourani, Michael Weber
  • Other Working Papers and Publications

    • Quantifying contagion risk in funding markets: A model based stress-testing approach Anand K., Gauthier C., Souissi M.

      2015 | Bank of Canada Working Paper, 2015-32.

    • Stress testing the Canadian banking system: A system-wide approach Anand K., Bédard-Pagé G., Traclet V.

      2014 | Bank of Canada Financial System Review, June, pp. 61-68.

    • The safety of government bonds Anand K., Gai P.

      2013 | Bank of Canada Working Paper, 2013-34.

  • Refereed Publications

    • Real Interest Rates, Bank Borrowing and Fragility Ahnert T., Anand K., König P.

      2024 | Journal of Money, Credit and Banking, Vol. 56(6), pp. 1545-1571.

    • Leaping into the dark: A theory of policy gambles Anand K., Gai P., König P.

      2023 | Journal of Comparative Economics, Vol. 51(2), pp. 457-476.

    • The value of data privacy during the COVID-19 pandemic: a new set of survey questions Anand K., Helmschrott S., Schmidt T., Zhou S.

      2022 | Measurement Instruments for the Social Sciences, Vol. 4, 10 (2022).

    • Pre-emptive sovereign debt restructuring and holdout litigation Anand K., Gai P.

      2019 | Oxford Economic Papers New Series, Vol. 71(2), pp. 364-381.

    • Asset encumbrance, Bank Funding, and Financial Fragility Ahnert T., Anand K., Gai P., Chapman J.

      2019 | Review of Financial Studies, Vol. 32(6), pp. 2422-2455.

    • Structural Model for Fluctuations in Financial Markets Anand K., Khedair J., Kuehn R.

      2018 | Physical Review E, Vol. 97(5).

    • The Missing Links: A global study on uncovering financial network structure from partial data Anand K., van Lelyveld I., Banai A., Friedrich S., Garratt R., Halaj G., Fique J., Hansen I., Jaramillo S., Lee H., Molina-Borboa J., Nobili S., Rajan S., Salakhova S., Silva T., Silvestri L., de Souza S.

      2018 | Journal of Financial Stability, Vol. 35, pp. 107-119.

    • Filling in the blanks: Network structure and interbank contagion Anand K., Craig B., von Peter G.

      2015 | Quantitative Finance, Vol. 15(4), pp. 625-636.

    • Guarantees, Transparency and the Interdependency Between Sovereign and Bank Default Risk König P., Anand K., Heinemann F.

      2014 | Journal of Banking and Finance, Vol. 45, pp. 321-337.

    • A network model of financial system resilience Anand K., Gai P., Kapadia S., Wilison M., Brennan S.

      2013 | Journal of Economic Behavior and Organization, Vol. 85, pp. 219-235.

    • Epidemic of rules, rational negligence and market crashes Anand K., Kirman A., Marsili M.

      2012 | European Journal of Finance, Vol. 19(5), pp. 438-447.

    • Rollover risk, network structure and systemic financial crises Anand K., Gai P., Marsili M.

      2012 | Journal of Economic Dynamics and Control, Vol. 36/8, pp. 1088-1100.

  • Refereed Publications

    • Transparency as a Remedy for Agency Problems in Securitization? The Case of ECB's Loan-Level Reporting Initiative Klein P., Mössinger C., Pfingsten A.

      2021 | Journal of Financial Intermediation, Vol. 46, 100853.

    • Glasklar? Transparenz als neues Wundermittel der Bankenregulierung Mössinger C.

      2020 | Perspektiven der Wirtschaftspolitik, Vol. 21, 149-161.

    • FRTB – eine unendliche Geschichte mit Happy End? Mössinger C., Pfingsten A.

      2019 | Zeitschrift für Bankrecht und Bankwirtschaft, Vol. 31, 316-329.

  • Securities trading

    DE

    Securities trading
  • Refereed Publications

    • The Effect of Unemployment Insurance Benefits on (Self-)Employment: Two Sides of the Same Coin? Camarero Garcia S., Hansch M.

      Journal of Human Resources, forthcoming.

    • Effects of the ECB’s communication on government bond spreads Camarero Garcia S., Neugebauer F., Russnak J., Zimmermann L.

      2024 | Journal of International Money and Finance, Vol. 142, 103041.

    • How unemployment benefit duration shapes startup motivation and growth Camarero Garcia S., Murmann M.

      2024 | Small Business Economics.

    • Inequality of Educational Opportunities and the Role of Learning Intensity Camarero Garcia S.

      2022 | Labour Economics, Vol. 74(C), 102084.

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