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Monthly Report - July 2018
The July 2018 edition of the Bundesbank’s Monthly Report describes the ownership structure and the main drivers of yield movements in the market for Federal securities, and discusses the rebalancing of the Chinese economy as well as its international implications. It also includes an article on trends in the financing structure of German non-financial corporations as reflected in the corporate financial statement statistics.
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Exchange rate statistics - July 2018 Statistical Supplement 5 to the Monthly Report
524 KB, PDF
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Convertible bonds and bank risk-taking Discussion paper 24/2018: Natalya Martynova, Enrico Perotti
1 MB, PDF
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Interest rate pass-through to the rates of core deposits – a new perspective Discussion paper 25/2018: Heiko Sopp
584 KB, PDF
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Unconventional monetary policy, bank lending, and security holdings: the yield-induced portfolio rebalancing channel Discussion paper 22/2018: Karol Paludkiewicz
642 KB, PDF
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Love and money with inheritance: marital sorting by labor income and inherited wealth in the modern partnership Discussion paper 23/2018: Etienne Pasteau, Junyi Zhu
744 KB, PDF
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Quantitative easing, portfolio rebalancing and credit growth: micro evidence from Germany Discussion paper 20/2018: Johannes Tischer
1 MB, PDF
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Pre-emptive sovereign debt restructuring and holdout litigation Discussion paper 21/2018: Kartik Anand, Prasanna Gai
498 KB, PDF
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Balance of payments statistics - June 2018 Statistical Supplement 3 to the Monthly Report
1 MB, PDF
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Seasonally adjusted business statistics - June 2018 Statistical Supplement 4 to the Monthly Report
2 MB, PDF
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Capital market statistics - June 2018 Statistical Supplement 2 to the Monthly Report
765 KB, PDF
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Monthly Report - June 2018
The June 2018 edition of the Bundesbank's Monthly Report outlines the prospects for the German economy on the basis of macroeconomic projections for 2018 and 2019, with a look ahead at the year 2020. It also includes an article on the zero lower bound on interest rates, the inflation rate target and the anchoring of inflation expectations.
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International trade and retail market performance and structure: theory and empirical evidence Discussion paper 19/2018: Philipp Meinen, Horst Raff
665 KB, PDF
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Exchange rate statistics - June 2018 Statistical Supplement 5 to the Monthly Report
518 KB, PDF
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Time-varying capital requirements and disclosure rules: effects on capitalization and lending decisions Discussion paper 18/2018: Björn Imbierowicz, Jonas Kragh, Jesper Rangvid
639 KB, PDF
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Offshoring and the polarisation of the demand for capital Discussion paper 17/2018: Dirk Bursian, Arne J. Nagengast
791 KB, PDF
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The international transmission of monetary policy Discussion paper 16/2018: Claudia M. Buch, Matthieu Bussiere, Linda Goldberg, Robert Hills
718 KB, PDF