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.

This conference once again brought together central bankers and the academic community of cash researchers. It covered a wide range of current topics with renowned experts discussing interesting aspects.

The Bundesbank posted a profit of €2.0 billion for the 2017 financial year, compared with €1.0 billion one year earlier. Following an allocation to the reserves, the remaining distributable profit of €1.9 billion.