The Monthly Report October 2014 describes the methodological changes in the financial accounts, comments on the embedment of the German economy in the international division of labour and presents the Single Supervisory Mechanism of the European banking union.

In a study prepared together with Professor Friedrich Schneider of the Johannes Kepler University Linz, illegal demand for cash in Germany is investigated. The study presents an overview of economic research on the use of cash in the shadow economy as well as fresh empirical analyses by the authors. They look at the influence of the shadow economy on cash lodgements at Bundesbank branches and the demand for banknotes in Germany.