European central bank

Fast and furious: how digital bank runs challenge the banking-crisis rulebook

The speed of recent bank failures has shown the need for more systemic protection of the financial system.

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 European Central Bank’s latest move tells a clear story

The European Central Bank is right not to over-react to recent banking problems.

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.

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

The ECB as part of an imperfect architecture

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.

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

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

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.

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.

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.

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.

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.

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.

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.

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.