The financial accounts summarise financial flows in the economy and thereby contribute to the picture provided by the national accounts, which focus on the real economy. Among other things, they show whether, on balance, financial resources were taken up or made available and in what form (eg loans or shares).

Please apply online by clicking on the registration button in the course description. Should you encounter any problems applying online, please get in touch with our contact persons. Please note the deadline for application as applications received after this date cannot generally be considered. The questionnaire also serves as a criterion for selecting suitable participants.

The outstanding amounts of assets and liabilities resulting from the Bundesbank's financial accounts can be presented in the form of financial balance sheets for the institutional sectors.

The labour market is where enterprises' demand for the production factor labour meets household's supply of working time.

One of the Bundesbank's tasks is to collect monetary, financial and external sector statistical data, comprehensive sets of indicators and seasonally adjusted business statistics. For macroeconomic analysis relevant data are then fed into the macroeconomic time series published in the time series databases.

There are various documents available describing the structure and functioning of T2. There are for example the Information Guide for TARGET participants, the User Requirements Document, the User Detailed Functional Specifications, the User Handbooks or our Starting Guide which shall ease the first steps for new participants. These documents and even more can be found in this area. 

Since September 2018
Member of the Executive Board of the Deutsche Bundesbank

Macroprudential measures are intended to make the financial system as a whole more resilient to crises, so that the real economy can be supplied with financial services to an appropriate extent at any time. Capital buffer requirements rank among the most important measures available to regulators. Other instruments are also available in Germany to address systemic risk originating in the real estate market.

The securities holdings statistics provide a picture of the structure of securities held in Germany.

In the Federal Republic of Germany, payment services are regulated pursuant to the Payment Services Oversight Act (Zahlungsdiensteaufsichtsgesetz, ZAG).

The German Panel on Household Finances (PHF) is a panel survey on household finance and wealth in Germany, covering the balance sheet, pension, income, work life and other demographic characteristics of private households living in Germany. The panel survey is conducted by the Research Centre of the Deutsche Bundesbank.

Under the European budgetary surveillance procedure, EU member states are obliged to submit data on general government deficit and debt levels to the European Commission twice a year.

The National Accounts (SNA) describe in a quantitative manner the economic situation of a regional unit within a specified period.

 Implementing Regulation of the European Union as part of the additional monitoring metrics for liquidity reporting.