The January 2019 edition of the Bundesbank’s Monthly Report looks into how a normalisation of interest rates will impact on balance sheets in the euro area’s private non-financial sector and explores price competitiveness in a number of euro area countries in terms of the development, drivers and influence of labour market reforms. The Report also features an analysis of financial cycles in the euro area and sheds light on International Financial Reporting Standard (IFRS) 9 from a banking supervision angle.

Was kann die Evaluierung der Reformen und neuen Regulierungen für die internationalen Finanzmärkte aus den Erfahrungen anderer Politikbereiche lernen? Darum ging es in einem interdisziplinären Workshop in Halle, den die Bundesbank gemeinsam mit der Nationalen Akademie der Wissenschaften Leopoldina organisiert hatte. Die Ergebnisse des Workshops sind in diesem gemeinsamen Tagungsband von Bundesbank und Leopoldina enthalten.

The December 2018 edition of the Bundesbank’s Monthly Report outlines the prospects for the German economy on the basis of projections for 2019 and 2020, with a look ahead at the year 2021. It also features an analysis of German enterprises’ profitability and financing conditions in 2017 as well as an article on the amount, profitability and risks of cross-border assets in Germany’s external position.