Blog post
14 August 2015
Still vulnerable: the euro area’s small and medium-sized banks
In our recent research we show that the small and medium-sized banks (SMBs) – and among them the unlisted banks – remain under considerable stress.
Blog post
14 August 2015
In our recent research we show that the small and medium-sized banks (SMBs) – and among them the unlisted banks – remain under considerable stress.
External publication
26 April 2015
The objective of this paper is to assess empirically whether futures interest rates in Brazil react to changes in the SELIC rate and, especially, to
Blog post
20 April 2015
While it is still too early to tell if the ECB QE programme launched on March 9 will manage to bring back inflation towards the target in the medium t
Blog post
08 April 2015
On 9 March 2015 the ECB began purchasing European sovereign and agency bonds and supranational debt securities under the Public Sector Purchase Progra
Blog post
02 April 2015
Blog post
13 March 2015
This blog post explores whether the European Central Bank (ECB)'s large programme of sovereign bonds purchases (QE) could slow down ref
Policy brief
11 March 2015
This Policy Contribution examines the detail of how quantitative easing will actually take place in the euro area and its implications, following
Policy brief
27 February 2015
This Policy Brief argues that the Euro-area governance needs to move beyond the improvements brought about by banking union and should establish
Blog post
05 February 2015
The European Central Bank’s Governing Council lifted the waiver of minimum credit rating requirements for greek government bonds which, until yesterda
Blog post
21 January 2015
German opposition to government-bond purchases by the European Central Bank is solidifying ahead of the programme’s likely announcement on January 22.
Blog post
15 January 2015
Since early 2014, the People’s Bank of China (PBC), the Chinese central bank, has deployed multiple policy tools to loosen its monetary policy st
Blog post
19 December 2014
A look at the composition of the HICP basket for the euro area shows that the percentage of items that are now in outright deflation has risen to 30%
Blog post
29 October 2014
There always comes a time we have to face our past. For economists, it often happens when updating data long left sitting in a remote corner of o
Opinion piece
15 October 2014
The German Constitutional Court has been widely criticized for questioning the legality of the European Central Bank’s OMT program. To supporters
Blog post
25 July 2014
Lithuania will become the 19th member of the Euro area on the 1st of January, following Wednesday’s Council endorsement. The most important part of th
External publication
08 July 2014
This paper was prepared for the European Parliament's Montary Dialogue with the President of the European Central Bank Mario Draghi. Today, the ECB i