In a study prepared together with Professor Friedrich Schneider of the Johannes Kepler University Linz, illegal demand for cash in Germany is investigated. The study presents an overview of economic research on the use of cash in the shadow economy as well as fresh empirical analyses by the authors. They look at the influence of the shadow economy on cash lodgements at Bundesbank branches and the demand for banknotes in Germany.

The Monthly Report October 2014 describes the methodological changes in the financial accounts, comments on the embedment of the German economy in the international division of labour and presents the Single Supervisory Mechanism of the European banking union.

The March 2015 edition of the Bundesbank's Monthly Report describes how macroprudential policy impacts on monetary policymaking and presents some of the ways in which the regulatory framework underpinning European monetary union can be strengthened. It also looks into Germany's 2014 balance of payments and includes an article on the methodology and results of the securities holder statistics and the role they play in analysing the ownership of securities in Germany and Europe.

The Monthly Report December 2014 describes the outlook for the German economy based on macroeconomic projections for the years 2015 and 2016 and comments on the financing and profitability of German enterprises in 2013.

This booklet provides a comprehensive overview of European economic and monetary beginnings through to the legal provisions and operational procedures applicable in EMU today. The information contained in this booklet focuses on issues of particular relevance to central banks.