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All publications can be read or downloaded as a PDF online. The printed copies can be ordered free of charge if you are resident in the euro area. If you live outside the European Union, you can contact us via the contact form.
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Bank capital buffers in a dynamic model Discussion paper 51/2018: Jochen Mankart, Alexander Michaelides, Spyros Pagratis
995 KB, PDF
15.01.2019 | 51/2018
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Monetary-fiscal interaction and quantitative easing Discussion paper 50/2018: Josef Hollmayr, Michael Kühl
2 MB, PDF
14.01.2019 | 50/2018
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May the force be with you: Exit barriers, governance shocks, and profitability sclerosis in banking Discussion paper 49/2018: Michael Koetter, Carola Müller, Felix Noth, Benedikt Fritz
1 MB, PDF
14.01.2019 | 49/2018
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Germany’s international investment position: amount, profitability and risks of cross- border assets Article from the Monthly Report December 2018217 KB, PDF
11.01.2019 DE
The average annual total return on all foreign investment (excluding financial derivatives) amounted to 3.7% between 2008 and 2017. As noted in the December 2018 Monthly Report, "Considerable differences are to be found between the individual asset classes". Direct investment generated the highest return, averaging 5.2%, followed by debt securities (4.7%), equities (4.5%), and other investment and reserve assets (2.2%).
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An evaluation of early warning models for systemic banking crises: Does machine learning improve predictions? Discussion paper 48/2018: Johannes Beutel, Sophia List, Gregor von Schweinitz
1 MB, PDF
28.12.2018 | 48/2018
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Monthly Report - December 2018
17.12.2018
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.