First glance
23 March 2023
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.
European central bank
Showing 1-16 of 249 results
First glance
21 March 2023
The European Central Bank’s latest move tells a clear story
The European Central Bank is right not to over-react to recent banking problems.
Comment
20 March 2023
The Silicon Valley Bank collapse: Prudential regulation lessons for Europe and the world
In the EU, there is no bank like SVB and supervision appears better than in the US, but the resolution framework remains incomplete.
Comment
04 January 2023
Digital Euro blurs the lines between money and politics
A central bank-backed digital currency would put the EU in the global vanguard when it comes to taking cash payments online.
Blog post
20 December 2022
If it doesn’t trade, is it really marketable debt?
Europe’s bond markets are essential infrastructure, just like the power grid.
Comment
14 December 2022
Central Bank digital currencies as weapons of finance?
An analysis on how CBDCs can be used in emerging economies to include more people in financial systems.
Blog post
08 December 2022
Do financial markets consider European common debt a safe asset?
The interest rate on European Union bonds is now almost as high as that of supposedly riskier Spanish bonds; this risks defeating their purpose.
Blog post
28 November 2022
Does inflation hit the poor hardest everywhere?
Low-income households suffer most from high inflation, but in some European Union countries the inflation burden is felt more equally than others.
Policy brief
22 November 2022
Completing Europe’s banking union: economic requirements and legal conditions
This contribution analyses the deficiencies of the current framework and identifies possible responses, in line with three levels of reform ambition.
Blog post
24 October 2022
National policies are the best protection against euro-area financial fragmentation risks
An analysis of German-Italian spreads under five Italian governments shows that the gap was biggest when Italian policies worried markets most.
Comment
07 October 2022
The importance of being fiscally earnest
As interest rates increase over the course of the next few months, there are bound to be asset-price corrections & rethinking of investment decisions.
Podcast
28 September 2022
Learning from the European Central Bank's policy mistakes
While mistakes unduly constrained rate hikes, gradual tightening is the right approach along with a new instrument to address energy bottlenecks.
Blog post
22 September 2022
Tackling inflation: learning from the European Central Bank's six lapses
While mistakes unduly constrained rate hikes, gradual tightening is the right approach along with a new instrument to address energy bottlenecks.
Report
19 September 2022
The ECB’s monetary tightening: a belated start under uncertainty
A paper assessing the ECB policy errors that occurred in the last year, and the appropriateness of the current monetary policy stance of the ECB.
Blog post
12 September 2022
How effective has the pandemic emergency purchase programme been in ensuring debt sustainability?
The ECB’s pandemic emergency purchase programme has improved substantially the debt dynamics of euro-area countries, with durable effects.
Policy brief
12 July 2022
An analysis of central bank decision-making
Bank of England MPC celebrates 25 years and we use this occasion to compare its decision-making process to that of the ECB