The April 2015 Bundesbank Monthly Report contains articles on labour market-related government expenditure, structural changes in the German banking sector and transaction-related circulation trends in euro coins in Germany.

The July 2017 edition of the Monthly Report describes the market for bonds issued by non-financial corporations in the low-interest-rate environment and developments in government interest expenditure in Germany and other euro area countries. It also contains articles on private interest income developments, taking into account inflation and taxes, as well as on the threats to the global economy posed by protectionist tendencies. Finally, the report also introduces the latest innovations in the monetary financial institutions’ (MFI) interest rate statistics.

The October 2012 monthly report contains: The financial crisis and balance of payments developments within the euro area; The development of state government finances in Germany since 2005; The importance of trade credit for corporate financing in Germany – evidence from financial statements statistics; The use of cash and cashless payment instruments: a microeconomic analysis.

Given the upbeat prospects for the economy as a whole, there is little risk to the stability of the German financial system at present. Yet with interest rates sitting at low levels for years now and the economy in such robust shape, there is a danger that market participants might underestimate the risks to financial stability, the Bundesbank cautions.