General Search
Multiple search words are automatically linked with "AND". Text enclosed in quotation marks (") returns only the pages in which this text occurs exactly. With the search filters next to the results you have the possibility to further limit your search.
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Monthly Report - September 2018
The September 2018 Monthly Report explains the models that the Bundesbank uses to make its short-term economic forecasts as well as how these models have been updated. In addition, the Report also analyses the performance of German credit institutions in 2017.
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Monthly Report - March 2018
The March 2018 Monthly Report sheds light on Germany’s balance of payments for 2017 and provides an insight into demand for euro banknotes at the Deutsche Bundesbank. It also includes an article on the design, regulation and use of contingent convertible bonds.
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Monthly Report - April 2017
The April 2017 Monthly Report outlines the role of banks, non-banks and the central bank in the money creation process and analyses the impact of demographic change and immigration on the German economy’s potential Output.
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Monthly Report - October 2017
The October 2017 Monthly Report analyses emerging market economies’ global liquidity, foreign reserves and exchange rates and contains an article on developments in the natural interest rate. In addition, the Supervisory Review and Evaluation Process for smaller institutions and proportionality considerations are described, and the initial results of the new money market statistics as well as the new insurance statistics are presented.
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Monthly Report - March 2017
The March 2017 Monthly Report sheds light on Germany’s balance of payments for 2016 and outlines the cyclical adjustment procedures carried out by the federal states as part of the debt brake.
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Monthly Report - January 2017
The January 2017 Monthly Report contains an article on the Eurosystem’s asset purchases and the euro exchange rate. In addition, it analyses how debt levels have developed in the non-financial private sector in selected euro-area countries.
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Monthly Report - April 2016
The April Monthly Report illuminates the fundamental theory and evolution of metrics used to measure equity market levels, besides shedding light on the Phillips curve and its use in analysing prices and projecting inflation rates in Germany.
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Monthly Report - January 2018
The January 2018 edition of the Monthly Report describes how the internationalisation of German firms is impacting on domestic investment and analyses the importance of banks’ profitability and capital for monetary policy. It also looks at developments in corporate financing in the euro area and includes an article on the finalisation of Basel III.
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Monthly Report - December 2016
The December 2016 edition of the Bundesbank's Monthly Report outlines the prospects for the German economy based on macroeconomic projections for 2017 and 2018, including a look ahead at the year 2019. It also contains an article on “Wage dynamics amid high euro-area unemployment” and an analysis of German enterprises’ profitability and financing conditions in 2015.
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Monthly Report - September 2017
The September 2017 Monthly Report contains an article on monetary policy indicators at the zero lower bound on the basis of term structure models, and an analysis of the performance of German credit institutions in 2016. Explanations are also provided on the potential and risks of distributed ledger technologies in payments and securities settlement and on the changes and results in the process of extending the investment fund statistics.
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Monthly Report - July 2014
The Monthly Report July 2014 contains an article on the subject Exchange rates and financial stress and describes the past developments and future challenges of Germany’s statutory health insurance scheme. Furthermore, approach and initial results of the consolidated financial statement statistics as a contribution to the extended corporate analysis are defined. Finally, the importance of the insurance industry for financial stability is analysed.
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Monthly Report - October 2016
The October 2016 Monthly Report explains selected aspects of local government finances and their evolution over time and describes the significance and impact of high-frequency trading on the German capital market
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Monthly Report - January 2016
The January 2016 Bundesbank Monthly Report examines alternative indicators of price competitiveness as determinants of real exports, analyses investment in the euro area and discusses the supervision of Germany's less significant institutions.
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Monthly Report - December 2015
The December 2015 Monthly Report focuses on the outlook for the German economy based on macroeconomic projections for 2016 and 2017. It also contains an analysis of German enterprises’ profitability and financing conditions in 2014 as well as an article on deposit protection in Germany.
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Monthly Report - June 2016
The June 2016 edition of the Bundesbank's Monthly Report outlines the prospects for the German economy based on macroeconomic projections for 2016 and 2017, including a look ahead at the year 2018. It also explores how quantitative easing is impacting on the aggregate euro-area economy and comments on the structure and dynamics of vertical integration in manufacturing as reflected in the financial statements of German enterprises.
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Monthly Report - October 2015
The October 2015 Monthly Report describes German households' saving and investment behaviour in the low-interest-rate environment and outlines the development of and outlook for government spending on personnel.
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Monthly Report - June 2015
The June 2015 Monthly Report focuses on the outlook for the German economy based on macroeconomic projections for 2015 and 2016. It also contains articles on "Marketable assets of banks and their role as collateral in the Eurosystem" as well as "Inflation expectations: new instruments, current developments and key determinants.
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Monthly Report - March 2013
The March 2013 monthly report contains: Germany’s balance of payments in 2012; Banks’ internal methods for assessing and maintaining internal capital adequacy and their relevance to supervision.
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Monthly Report - July 2016
The July 2016 edition of the Monthly Report describes how the Bank Lending Survey has evolved since the onset of the financial crisis and analyses approaches to containing sovereign debt crises in the euro area. It also discusses two new minimum prudential standards – total loss-absorbing capacity (TLAC) and the minimum requirement for own funds and eligible liabilities (MREL) – in connection with the resolution and restructuring of banks.
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Monthly Report - January 2013
The January 2013 monthly report contains: Current developments in the mutual funds market: demand, structural changes and investor behaviour; Current and projected development of coin circulation in Germany.
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Monthly Report - October 2014
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.
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Monthly Report - April 2012
The April 2012 monthly report contains: Potential growth of the German economy – medium-term outlook against the backdrop of demographic strains; The European Systemic Risk Board: from institutional foundation to credible macroprudential oversight
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Monthly Report - September 2016
The September 2016 Monthly Report analyses the distribution effects of monetary policy and describes the relationship between globalisation and the transmission of global financial shocks to European Monetary Union member states. The performance of German credit institutions in 2015 is also explained.
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Monthly Report - August 1950
5 MB, PDF
The Monthly Report contains: The Economic Situation in the Area of the German Federal Republic in July and August 1950; The Financing of Invetsments during the Second Quarter of 1950
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Monthly Report - April 2013
The April 2013 monthly report contains: The US economy in the current economic upturn; Macroprudential oversight in Germany: framework, institutions and tools.
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Monthly Report - October 1949
3 MB, PDF
The Monthly Report contains: The Economic Situation in the Federal Territory during the months of September and October 1949
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Monthly Report - September 2015
The Monthly Report September 2015 comments on the recent development in lending to euro-area non-financial corporations and describes the performance of German credit institutions in 2014.
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Monthly Report - March 2014
The March 2014 edition of the Monthly Report describes the shadow banking system in the euro area and its monetary policy implications. In addition, the German balance of payments in 2013 is reconsidered and it comments on the vulnerability to crises of the manufacturing enterprises in Germany.
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Monthly Report - July 2012
The July 2012 monthly report contains: The euro as an anchor currency and core of a currency bloc; Deutsche Bundesbank Spring Conference 2012 – monetary policy, inflation and international linkages; The new CPSS-IOSCO Principles for financial market infrastructures.
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Monatsbericht - Juli 2014
Der Monatsbericht Juli 2014 enthält einen Beitrag zu dem Thema Wechselkurse und Finanzstress und beschreibt die Entwicklung der gesetzlichen Krankenversicherung und die damit zusammenhängenden Herausforderungen für die Zukunft. Ferner werden Konzeption und erste Ergebnisse der Konzernabschlussstatistik als Beitrag zur erweiterten Unternehmensanalyse beschrieben sowie die Bedeutung der Versicherungswirtschaft für die Finanzstabilität untersucht.
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Monthly Report - July 2013
The Monthly Report July 2013 examines the background and framework for the introduction of the common European Banking Supervisors, explains the problem of the estimates of yield curve in the financial crisis and analyzes the differences in monetary and credit growth in the euro area.
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Monthly Report - March 2012
The March 2012 monthly report contains: Germany’s balance of payments in 2011; National and international financial market shocks and the real economy – an empirical view
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Monthly Report - April 2014
The Monthly Report April 2014 comments on the reliability of international organisations' estimates of the output gap as well as on the implications of the Eurosystem's monetary operations during the financial crisis. Furthermore, some approaches to explaining the behaviour of inflation since the last financial and economic crisis are described.
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Monthly Report - January 2014
The January 2014 edition of the Monthly Report analyses in several essays the reform measures taken by the economic and monetary union member states in the course of the current adjustment processes.
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Monthly Report - April 2011
The April 2011 monthly report contains: Commentaries; Effective exchange rates from financial market data; The US labour market in the current cycle; European Council decisions on the prevention and resolution of future sovereign debt crises.
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Monthly Report - June 2012
The June 2012 monthly report contains: Outlook for the German economy – macroeconomic projections for 2012 and 2013; The price of crude oil and its impact on economic activity in the industrial countries; The role of the “Basel interest rate shock” in the supervisory assessment of interest rate risks in the banking book.
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Monthly Report - May 2012
The May 2012 monthly report describes the economic situation in Germany in spring 2012.
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Monthly Report - March 2015
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.
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Monthly Report - September 2014
The September 2014 edition of the Monthly Report discusses general trends and changes in the ownership structure in the German equity market that occurred during the financial crisis and also contains an article on the reform of federal financial relationships. A further article analyses the performance of German credit institutions in 2013.