European central bank

EU securitisation needs a more market-based approach

The EU is updating its regulations on securitisation, but it still has a long way to go if it wants to emulate the strengths of the US market

The European Union should embrace decentralised finance and make it safe

A hybrid system with a digital euro and regulated private money would safeguard the EU from dollar-denominated stablecoin dominance

Rules, discretion and market stabilisation in the euro area

When Greece was on the brink of euro exit: disaster averted, lessons learned

There are good arguments for greater European integration, but it must be built on trust, not spun out of crisis

The EU’s capital markets quest

Enrico Letta and Nicolas Véron discuss prospects for common EU financial supervision

Digital euro: why now and what's next

ECB’s Cipollone and Spain’s Hernández de Cos talk timing and strategic arguments for a new Central Bank Digital Currency

Lessons for the European Central Bank from the 2021-2023 inflationary episode

This paper reflects on these developments ahead of the ECB’s 2025 monetary policy review

What can central banks do to take the Paris Agreement seriously?

Central banks should take a macro approach to managing system-wide risks stemming from the climate transition

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

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

EU securitisation push needs markets, not housing guarantees

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

EU insurance union should follow the Fed

The EU could benefit from more centralised supervision of insurance companies, with the right financial stability safeguards

The European Central Bank must adapt to an environment of inflation volatility

The ECB must adapt its strategy to a new era of supply disruptions

Price stability is all about climate change

The European Central Bank should bring in cheaper greening funding for banks, to offset the impact of high interest rates on the energy transition