This paper proposes a composite indicator of financial conditions for Germany. The composite indicator distills information from large amounts of data covering different segments of the German financial system into a summary measure of financial conditions. This measure is constructed from 70...

This paper describes the Bundesbank's weekly financial stress indicator for Germany. The indicator condenses several financial market variables into a summary measure of financial stress. It represents a contemporaneous, market-based indicator that captures the materialisation of systemic risk...