The monthly report contains: Price-setting behaviour in Germany, The road to the Single Euro Payments Area.

The monthly report contains: Nominal and real exchange rate movements during the financial crisis, On the problems of macroeconomic imbalances in the euro area, Deutsche Bundesbank Spring Conference 2010 – International risk sharing and global imbalances.

The monthly report contains: Determinants of the term structure of interest rates – approaches to combining arbitrage-free models and monetary macroeconomics, The creation of a single list of eligible collateral throughout the euro area.

The July 2017 edition of the Monthly Report describes the market for bonds issued by non-financial corporations in the low-interest-rate environment and developments in government interest expenditure in Germany and other euro area countries. It also contains articles on private interest income developments, taking into account inflation and taxes, as well as on the threats to the global economy posed by protectionist tendencies. Finally, the report also introduces the latest innovations in the monetary financial institutions’ (MFI) interest rate statistics.