An oft-repeated assertion is that, in the economic and financial crisis, the interbank market fell victim to market failure, denying solvent credit institutions the ability to obtain funding. A recent analysis of the German interbank market now calls this narrative into question.

The December 2016 edition of the Bundesbank's Monthly Report outlines the prospects for the German economy based on macroeconomic projections for 2017 and 2018, including a look ahead at the year 2019. It also contains an article on “Wage dynamics amid high euro-area unemployment” and an analysis of German enterprises’ profitability and financing conditions in 2015.

La Deutsche Bundesbank a ouvert son nouveau Musée de la monnaie. L'exposition a été entièrement reconçue et largement agrandie. "Nous voulons informer de manière tangible sur la monnaie, son histoire et les tâches de banques centrales modernes", a déclaré le président de la Bundesbank, Jens Weidmann, à l'occasion de l'ouverture du musée. Le Musée de la monnaie est ouvert au public depuis le 17 décembre 2016.

A further milestone has now been reached with the adopted environmental programme: This programme contains a large number of concrete measures with which we can reliably achieve our goal of "25 to 25".

Given its public mandate to safeguard monetary stability, the Bundesbank has an inherent interest in ensuring a stable financial system. As an integral part of the European System of Central Banks, it also has an explicit mandate to contribute to financial stability.

The Monthly Report November 2016 comments on the economic situation in Germany in autumn 2016.