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Text enclosed in quotation marks (") will only find the pages in which this text appears exactly as it appears.
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Partial pooling with cross-country priors: An application to house price shocks Discussion paper 06/2020: Markus Roth
839 KB, PDF
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Financial variables as predictors of real growth vulnerability Discussion paper 05/2020: Lucrezia Reichlin, Giovanni Ricco, Thomas Hasenzagl
2 MB, PDF
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Annual Report 2019
1 MB, PDF
In 2019, the Bundesbank achieved a net profit of 5.8 billion euros. After adjustment of the reserves, the net profit is 5.9 billion euros, the highest net profit since 2008, which the Bundesbank transferred in full to the Federal Ministry of Finance.
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Monthly Report - February 2020
The February 2020 edition of the Monthly Report comments on the economic situation in Germany in winter 2019/2020.
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Financial stability committees and the countercyclical capital buffer Discussion paper 04/2020: Rochelle M. Edge, J. Nellie Liang
1 MB, PDF
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Balance of payments statistics – February 2020 Statistical Supplement 3 to the Monthly Report
1 MB, PDF
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The power of forward guidance in a quantitative TANK model Discussion paper 03/2020: Rafael Gerke, Sebastian Giesen, Alexander Scheer
929 KB, PDF
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Capital market statistics – February 2020 Statistical Supplement 2 to the Monthly Report
778 KB, PDF
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Seasonally adjusted business statistics – February 2020 Statistical Supplement 4 to the Monthly Report
2 MB, PDF
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Banking statistics – February 2020 Statistical Supplement 1 to the Monthly Report
1 MB, PDF
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Exchange rate statistics - February 2020 Statistical Supplement 5 to the Monthly Report
512 KB, PDF
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Interest and credit risk management in German banks: Evidence from a quantitative survey Discussion paper 02/2020: Vanessa Dräger, Lotta Heckmann-Draisbach, Christoph Memmel
482 KB, PDF
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Indeterminacy and imperfect information Discussion paper 01/2020: Thomas A. Lubik, Christian Matthes, Elmar Mertens
852 KB, PDF
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The transmission of bank capital requirements and monetary policy to bank lending Discussion paper 49/2019: Björn Imbierowicz, Axel Löffler, Ursula Vogel
496 KB, PDF
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Does the lack of financial stability impair the transmission of monetary policy? Discussion paper 48/2019: Viral V. Acharya, Sascha Steffen, Björn Imbierowicz, Daniel Teichmann
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Balance of payments statistics – January 2020 Statistical Supplement 3 to the Monthly Report
1 MB, PDF
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Capital market statistics – January 2020 Statistical Supplement 2 to the Monthly Report
711 KB, PDF
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How Can Collateral Management Benefit from DLT? Project “BLOCKBASTER”
695 KB, PDF
There is a general consensus that distributed ledger technology (DLT) has both disruptive and evolutionary potential for financial markets. This paper focuses on potential implications in connection with collateral management activities for financial transactions, the aim being to analyze the challenges and opportunities of DLT in the current regulatory environment for this specific use case.
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Monthly Report - January 2020
The January 2020 edition of the Monthly Report analyses the upturn in loans to enterprises in Germany between 2014 and 2019 and describes the consequences of rising protectionism.
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Seasonally adjusted business statistics – January 2020 Statistical Supplement 4 to the Monthly Report
2 MB, PDF
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Financial frictions, the Phillips curve and monetary policy Discussion paper 47/2019: Philipp Lieberknecht
1 MB, PDF
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Exchange rate statistics - January 2020 Statistical Supplement 5 to the Monthly Report
522 KB, PDF
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The impact of US tariffs against China on US imports: Evidence for trade diversion? Discussion paper 46/2019: Philipp Meinen, Patrick Schulte, Simone Cigna, Nils Steinhoff
948 KB, PDF
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Banking statistics - January 2020 Statistical Supplement 1 to the Monthly Report
1 MB, PDF
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Capital flows, real estate, and local cycles: evidence from German cities, banks, and firms Discussion paper 45/2019: Peter Bednarek, Daniel Marcel te Kaat, Chang Ma, Alessandro Rebucci
1 MB, PDF
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Balance of payments statistics – December 2019 Statistical Supplement 3 to the Monthly Report
1 MB, PDF
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Seasonally adjusted business statistics – December 2019 Statistical Supplement 4 to the Monthly Report
2 MB, PDF
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Monthly Report - December 2019
The December 2019 Monthly Report describes the outlook for the German economy based on projections for 2020 and 2021, looking further ahead to 2022 as well, and contains an analysis of German enterprises’ profitability and financing conditions in 2018. It also addresses the relevance of surveys of expectations for the Deutsche Bundesbank, and a further article discusses the mixing of euro coins in Germany.
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Capital market statistics - December 2019 Statistical Supplement 2 to the Monthly Report
782 KB, PDF
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Exchange rate statistics - December 2019 Statistical Supplement 5 to the Monthly Report
501 KB, PDF
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Banking statistics - December 2019 Statistical Supplement 1 to the Monthly Report
1 MB, PDF
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Labor productivity, effort and the euro area business cycle Discussion paper 44/2019: Vivien Lewis, Stefania Villa, Maik Wolters
1 MB, PDF
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Balance of payments statistics – November 2019 Statistical Supplement 3 to the Monthly Report
1 MB, PDF
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Capital market statistics - November 2019 Statistical Supplement 2 to the Monthly Report
781 KB, PDF
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Banking statistics - November 2019 Statistical Supplement 1 to the Monthly Report
1 MB, PDF
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Seasonally adjusted business statistics – November 2019 Statistical Supplement 4 to the Monthly Report
2 MB, PDF
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The fire-sale channels of universal banks in the European sovereign debt crisis Discussion paper 43/2019: Giulio Bagattini, Falko Fecht, Patrick Weber
1 MB, PDF
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OTC discount Discussion paper 42/2019: Calebe de Roure, Emanuel Moench, Loriana Pelizzon, Michael Schneider
1 MB, PDF
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Financial Stability Review 2019
The German financial system remains vulnerable to adverse economic developments. Future credit risk could be underestimated and the recoverability of loan collateral such as real estate overestimated.
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Monthly Report - November 2019
The November 2019 edition of the Monthly Report comments on the economic situation in Germany in autumn 2019.
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Exchange rate statistics – November 2019 Statistical Supplement 5 to the Monthly Report
507 KB, PDF
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Nowcasting GDP with a large factor model space Discussion paper 41/2019: Sercan Eraslan, Maximilian Schröder
7 MB, PDF
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Cross-country differences in homeownership: A cultural phenomenon? Discussion paper 40/2019: Stefanie J. Huber, Tobias Schmidt
3 MB, PDF
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Balance of payments statistics - October 2019 Statistical Supplement 3 to the Monthly Report
1 MB, PDF
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Capital market statistics - October 2019 Statistical Supplement 2 to the Monthly Report
777 KB, PDF
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Monthly Report - October 2019
The Bundesbank’s October 2019 Monthly Report reviews and analyses the market for sustainable financial investments, as well as studying the European investment funds market and the role of bond funds in the low interest rate environment. Furthermore, it describes the long-term outlook for the statutory pension insurance scheme and explains structural reforms in the euro area.
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Seasonally adjusted business statistics – October 2019 Statistical Supplement 4 to the Monthly Report
2 MB, PDF
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Foreign exchange dealer asset pricing Discussion paper 39/2019: Stefan Reitz, Dennis Umlandt
1004 KB, PDF
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Banking statistics - October 2019 Statistical Supplement 1 to the Monthly Report
1 MB, PDF
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Exchange rate statistics - October 2019 Statistical Supplement 5 to the Monthly Report
510 KB, PDF