Euro area

Divisia monetary aggregates for the euro area

The US and euro area must move faster on their digital currencies for wholesale purposes

The value added of central bank digital currencies: a view from the euro area

Central bank digital currencies do have added value, but this is not the same for every country.

Holdings limit will prove central to the digital euro’s future

The European Central Bank says its digital currency will not be a store of value, in contrast to global counterparts.

The EU Recovery and Resilience Facility falls short against performance-based funding standards

The rules and guidance underpinning EU economic recovery funds seek inputs and outputs, not results; this has led to uneven use of results indicators

Quantitative tightening in the euro area

Why has the ECB decided to implement this policy?

Banking turbulence is not a reason to pause monetary tightening

Despite calls for interest rate hikes to be paused, both the ECB and Federal raised rates- which was the right decision.

The Net-Zero Industry Act puts EU credibility at risk

The EU Net-Zero Industry Act looks like it’s been set up to keep everyone happy – and to achieve limited results.

Finding the right balance (sheet): quantitative tightening in the euro area

The ECB as part of an imperfect architecture

Croatia’s accession into the euro area

What are the implications of Croatia joining the euro area?

If it doesn’t trade, is it really marketable debt?

Europe’s bond markets are essential infrastructure, just like the power grid.

Conditionality in the global financial architecture

Is the EU fiscal rules reform going in the right direction?

Reviewing the European Commission’s proposal for reforming the Stability and Growth Pact.