Article from the Monthly Report August 2020

The September 2013 Monthly Report explains the performance of German credit institutions in 2012 and the development of government interest expenditure in Germany. In addition, a workshop report to predictive models in the short-term economic analysis is included.

There is a general consensus that distributed ledger technology (DLT) has both disruptive and evolutionary potential for financial markets. This paper focuses on potential implications in connection with collateral management activities for financial transactions, the aim being to analyze the challenges and opportunities of DLT in the current regulatory environment for this specific use case.

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.