The Centre for European Economic Research (Zentrum fuer Europaeische Wirtschaftsforschung, ZEW). The ZEW Financial Market Survey has been carried out on a monthly basis since December 1991. It displays the expectations of financial experts for six important international financial markets. About 350 financial analysts from banks, insurance companies and large industrial enterprises participate in this survey. Among the respondents are experts from the finance, research and economic departments as well as traders, fund managers and investment consultants. These experts are questioned about their medium-term expectations for the development of the macroeconomic trend, the inflation rate, the short-term and long-term interest rates, the stock market and the exchange rates.