We gratefully acknowledge the input of employees from the Bundesbank’s Directorate General Financial Stability, who produced this Financial Stability Review as a joint effort. The Review also benefited from useful and valuable comments from staff members from other Directorates General throughout the Bank. Our thanks also go to our colleagues from Banca d’Italia for the fruitful cooperation and for sharing the analytical groundwork for the special article entitled “The German and Italian government bond markets from a financial stability perspective”.

The following people made notable contributions to this Financial Stability Review:

Main contributors

Sebastian Breuer and Felix Thierfelder (project managers), Puriya Abbassi, Hanna Gohlke, Frank Heid, Katharina Knoll, Jana Ohls, Dominik Schober, Ingrid Stein (authors), Christian Glebe, Anke Kablau (editorial team)

Additional contributors

Rainer Beckmann, Tina Engler, Tobias Etzel, Alexander Falter, Till Förstemann, Sören Friedrich, Christian Groß, Philipp Haenle, Lucas Hafemann, Tobias Herbst, Maurice Hofmann, Mevlud Islami, Charlotte Kimmel, Benedikt Kolb, Jens Lindemann, Christoph Memmel, Norbert Metiu, Frieder Mokinski, Jens Orben, Simon Paetzold, Stephanie Prinz, Michael Richter, Wolfgang Rippin, Christoph Roling, Markus Roth, Annegret Schäfer, Willy Scherrieble, Michael Schmidt, Atilim Seymen, Patrick Sigel, Eva Söbbeke, Moritz Stieglitz, Lena Strobel, Natalia Tente, Hannes Wilke, Lui-Hsian Wong

Editorial support and translation

Language Services Division of the Deutsche Bundesbank, Laura Gergeleit, Jakob Gruber, Marcus John, Maria Kliebisch, Cornelia Kluge, Laura Sauer, Roman Sigmund, Kathleen Zeppin