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  • 16.07.2018: SREP – Supervisory authorities introduce new cycle
    16.07.2018: SREP – Supervisory authorities introduce new cycle
  • T2 – for professional use

    On the following pages, T2 users as well as  institutions who are preparing for future participation in T2 will find useful and further information. Amongst other services, these pages contain the main documentation and provide access to the relevant registration forms for new participants. If you have any questions, please contact your customer service team or the National Service Desk for TARGET Services. Contact details can be found in the right-hand column.

  • Im Übrigen gelten unsere Datenschutzbestimmungen sowie das Merkblatt über Schlichtungsverfahren.

  • If you are already registered for TARGET Services, please log in to TARGET Services using the credentials you have. There you can submit a follow-up registration for Trigger Solution. Please pass this information on to your colleagues.

  • Glossary
    Glossary

    A central securities depository (CSD) is a firm that is specialised in registering and providing safe custody for securities, as well as in settling financial markets securities transactions.

  • Directoire de la Deutsche Bundesbank

    Le Directoire est l'organe suprême de la Bundesbank et il se compose du Président, de la vice-présidente ou du vice-président, ainsi que d'autres membres.

  • Teilnehmerinformationen

    Hier finden die T2-Nutzer und Institute, die sich auf eine künftige Teilnahme an T2 vorbereiten, hilfreiche und weiterführende Informationen. Neben den wichtigsten Dokumenten haben Sie auf diesen Seiten u. a. Zugriff auf die notwendigen Formulare für neue Teilnehmer. Bei Fragen wenden Sie sich bitte an Ihren Kundenbetreuungsservice (KBS) bzw. den National Service Desk TARGET-Services. Die Kontaktdaten finden Sie in der rechten Spalte.

  • Diskussionspapier 04/2025: Pro-cyclical emissions, real externalities, and optimal monetary policy (in Englisch)
    Diskussionspapier 04/2025: Pro-cyclical emissions, real externalities, and optimal monetary policy (in Englisch)
  • Statistical release calendar
    Statistical release calendar

    Release dates of Financial accounts

  • NGFS Finance Day Event at the 2024 UN Climate Change Conference (COP29) in Baku
    NGFS Finance Day Event at the 2024 UN Climate Change Conference (COP29) in Baku

    Recording of the event

  • Update, new data

    In 2023, Germany’s Maastricht government debt was roughly €1 billion below the figure reported in provisional calculations. It remains at around €2.62 trillion. However, the debt ratio now stands at 63.6%.

  • Subscribe to newsletter
    Subscribe to newsletter

    Sign up for our newsletter to stay informed about eligible collateral via information letters.

  • Circulars
    Circulars

    You can find the circulars from July 2002 via the Bundesbank’s circular search (in German only).

  • Hinweis für Besucher*innen

    Zugang für Archivbesucher*innen über Ernst-Schwendler-Straße

  • EMuSe: a new model for analysing climate policies
    EMuSe: a new model for analysing climate policies

    EMuSe, a new multi-sector model developed by the Bundesbank, allows climate-related adjustment processes to be analysed along both sectoral and international dimensions.

  • Important note
    Important note

    26 KB, XLSX

    As of December 2023, numerous time series keys of interest rates and yields in our databases have changed. With the help of this overview you can retrieve the affected time series and further information (in Geman only)

  • Germany's Gold
    Germany's Gold

    With this book, the Bundesbank’s gold reserves are presented to readers for the first time in an informative and illustrative way, as if they were holding them in their own hands.

  • Statistical release calender
    Statistical release calender

    on the topic Direct investments

  • Mediathek
    Mediathek
  • Weitere Video der Serie mit Silviana Ursu
    Weitere Video der Serie mit Silviana Ursu
  • Directions and delivery address
    Directions and delivery address

    For directions to the Central Office of the Deutsche Bundesbank and information on making deliveries, click here.

  • La courbe de Phillips

    La courbe de Phillips remonte à l'économiste britannique Alban William Phillips, qui a observé pour les années 1861 à 1957 un lien entre le taux de croissance des salaires nominaux et le taux de chômage. Dans sa variante initiale, la courbe donne ainsi l'impression qu'il existe un choix entre chômage et inflation. Du point de vue empirique, il s'est toutefois avéré qu'une relation aussi simple n'existe pas. Au cours des 50 dernières années, la courbe de Phillips a fait l'objet à plusieurs reprises de discussions controversées qui ont donné lieu à de nombreuses modifications de la courbe.

  • Bietungsfrist für Gebote

    16. Juni 2025

  • The Phillips curve

    The Phillips curve was invented by UK economist Alban William Phillips, who observed a correlation between nominal wage growth and the unemployment rate for the period 1861 to 1957. The original version of the curve implies a trade-off between unemployment and inflation. Empirical evidence shows, however, that the relationship is not nearly as simple as that. Over the past 50 years, the Phillips curve has time and again been hotly debated, leading to numerous modifications.