This report reviews the effectiveness of the Bundesbank’s Research Centre. In particular, the Bundesbank asked the authors of the report to examine the coverage and appropriateness of the research topics investigated by the Centre, the quality of the research and the adequacy of the Centre’s infrastructure and organisation for achieving its objectives.

The January 2012 monthly report contains: Long-term developments in corporate financing in Germany – evidence based on the financial accounts; The PHF: a survey of household wealth
and finances in Germany; The European single market in payments nearing completion.