The April 2022 Monthly Report explains the development of the debt situation in the euro area’s private non-financial sector since the outbreak of the coronavirus pandemic and describes possibilities for the stability-oriented further development of the central government’s debt brake. Furthermore, the Monthly Report analyses the current developments in the demand for euro banknotes at the Bundesbank and contains a contribution on the possible macroeconomic consequences of the war in Ukraine: simulations of an intensified risk scenario. 

The information contained in the study is of interest to all market participants affected by the payment behaviour of private individuals, most notably retailers, credit institutions, card issuers and, last but not least, the Deutsche Bundesbank itself. Players wishing to foster more innovation in the field of payments need to offer a genuine advantage over established schemes and procedures and, in particular, to heed users’ perceived security needs.

The August 2020 edition of the Monthly Report comments on the economic situation in Germany in summer 2020.

The September 2021 edition of the Monthly Report outlines the Eurosystem’s monetary policy strategy and analyses the influence of its monetary policy on bitcoin and other crypto tokens. In addition, it discusses the performance of German credit institutions in 2020.