The ECB as part of an imperfect architecture

On the digital euro holding limits

The plan for a retail digital euro holding limit, combined with a ‘waterfall approach’ to smooth transactions, sets up an apparent clash of objectives

Memo to the commissioner responsible for economic and financial affairs

The European Central Bank’s operational framework and what it is missing

This paper attempts to fill in the gaps in the European Central Bank's framework review

EU securitisation push needs markets, not housing guarantees

Scale and liquidity are two challenges that remain in the pursuit of EU securitisation