The monthly report contains: The implementation of the ESCB's monetary policy by the Bundesbank and its formulation in the General Terms and Conditions, Trends in and structure of the overall capital stock, The indicator quality of different definitions of the real external value of the Deutsche Mark, Updating the calculation of the external value of the Deutsche Mark and adjusting it to the conditions of European monetary union.

The monthly report contains: Operational features of the new European exchange-rate mechanism, West German enterprises' profitability and financing in 1997, The methodological basis of the Deutsche Bundesbank's corporate balance sheet statistics, Banks' internal risk management models and their prudential suitability.

The monthly report contains: The economic scene in Germany in summer 1998, Overview, Monetary developments, Securities markets, Public finance, Economic conditions, Foreign trade and payments.

The monthly report contains: Review of monetary targeting in 1997-8 and of the 1998 monetary target, The performance of German credit institutions in 1997, Present and future financial burdens facing the central, regional and local authorities from expenditure on personnel, The Bundesbank's credit register for loans of 3 million Deutsche Mark or more.

The monthly report contains: Recent trends in Germany's external relations with the south-east Asian emerging economies, East German enterprises' profitability and financing in 1996, Financial market prices as monetary policy indicators.

The monthly report contains: The economic scene in Germany in spring 1998, Overview, Monetary developments, Securities markets, Public finance, Economic conditions, Foreign trade and payments.

The monthly report contains: European policy decisions of May 1 to 3, 1998 pave the way for the launching of the euro on January 1, 1999, Overall financial flows in 1997, Problems of inflation measurement, The new Principle I.

The monthly report contains: Opinion of the Central Bank Council concerning convergence in the European Union in view of Stage Three of economic and monetary union, Economic conditions in eastern Germany, Structural changes in the German capital market in the run-up to European monetary union.

The monthly report contains: The Central Bank Council fifty years ago, Trends in the banking sector and the market position of the individual categories of banks since the beginning of the nineties, German balance of payments in 1997, Germany's external assets and liabilities: methodological adjustments and recent figures.

The monthly report contains: The economic scene in Germany around the turn of 1997-8, Overview, Monetary developments, Securities markets, Public finance, Economic conditions, Foreign trade and payments.