The German financial system has functioned well during the pandemic; the extensive government measures have shielded the financial sector from losses. This is the conclusion reached by the Bundesbank in its Financial Stability Review 2021. 

The November 2021 edition of the Monthly Report comments on the economic situation in Germany in autumn 2021.

The October 2021 edition of the Monthly Report contains an article on state government finances in 2020 from the perspective of the temporary impact of the pandemic on the deficit situation and the effect of escape clauses on the building of reserves. Another topic discussed is the development of the global economy during the coronavirus pandemic. The question of how households in Germany view the digital euro is also addressed, with a presentation of initial survey results and interviews. The report additionally features an article on the regulation of remuneration in credit institutions.

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.