Article from the Monthly Report October 2022

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.

The January 2022 edition of the Monthly Report discusses the changes in the secured money market and features an article on the topic of climate change and climate policy: analysis requirements and options from a central bank perspective. In addition, scenario-based valuation effects on the stock market are analysed using greenhouse gas emissions.

The monthly report contains: Effects of eastward enlargement of the EU on the German economy, Economic conditions in Germany, The economic scene in Germany in spring 2004, Foreign trade and payments, Global and European setting, Monetary policy, capital markets and banking business, Public finances.