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Publications published in 2015

Banking SupervisionEnglish Menu

Publications published in 2015

18/12/2015
Statistics paper no. 12: Measuring non-response bias in a cross-country enterprise surveyENGLISH Data file
18/12/2015
Letter from the ECB President to Mr Giegold, MEP, on the ECB’s participation in international foraENGLISH
18/12/2015
Letter from the ECB President to Mr De Masi, MEP, on the ECB’s HR policesENGLISH
17/12/2015
Economic Bulletin Issue 8, 2015ENGLISH ENGLISH
17/12/2015
Review of draft budgetary plans for 2016ENGLISH Economic Bulletin Issue 8, 2015
17/12/2015
The creation of competitiveness boards in the context of striving towards a genuine economic unionENGLISH Economic Bulletin Issue 8, 2015
17/12/2015
The role of base effects in the projected path of HICP inflationENGLISH Economic Bulletin Issue 8, 2015
17/12/2015
Liquidity conditions and monetary policy operations in the period from 22 July to 27 October 2015ENGLISH Economic Bulletin Issue 8, 2015
17/12/2015
New features in monetary and financial statisticsENGLISH Economic Bulletin Issue 8, 2015
16/12/2015
Wages, productivity and competitiveness: a granular approachENGLISH Economic Bulletin Issue 8, 2015
16/12/2015
Downward wage rigidity and the role of structural reforms in the euro areaENGLISH Economic Bulletin Issue 8, 2015
16/12/2015
Letter from the ECB President to the European Ombudsman on AnaCreditENGLISH
15/12/2015
Working paper no. 1873: Dating systemic financial stress episodes in the EU countriesENGLISH
15/12/2015
Working paper no. 1872: Fiscal rules, fiscal space and procyclical fiscal policyENGLISH
14/12/2015
Working paper no. 1871: How do speed and security influence consumers' payment behavior?ENGLISH
14/12/2015
Working paper no. 1870: Regional dynamics of economic performance in the EU: To what extent spatial spillovers matter?ENGLISH
14/12/2015
What is behind the recent rebound in euro area employment?ENGLISH Economic Bulletin Issue 8, 2015
14/12/2015
What is behind the low investment in the euro area? Responses from a survey of large euro area firmsENGLISH Economic Bulletin Issue 8, 2015
10/12/2015
The impact of the CRR and CRD IV on bank financing - Eurosystem response to the DG FISMA consultation paperENGLISH
10/12/2015
Letter from the ECB President to Mr Papadimoulis (MEP) on the ECB Opinion of 2 September 2015 on bank resolutionENGLISHOTHER LANGUAGES (1) + Select your language EλληνικάEL
03/12/2015
Eurosystem staff macroeconomic projections for the euro areaENGLISHOTHER LANGUAGES (21) + Select your language БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
03/12/2015
Letter from the ECB President to Mr Valli, MEP, and Mr Zanni, MEP, on principles for external communication by members of the Executive BoardENGLISHOTHER LANGUAGES (1) + Select your language ItalianoIT
03/12/2015
Letter from the ECB President to Mr Viegas, MEP, on principles for external communication by members of the Executive BoardENGLISHOTHER LANGUAGES (1) + Select your language PortuguêsPT
02/12/2015
Letter from the ECB President to Mr Carthy, MEP, on the ESM direct recapitalisation instrumentENGLISH
02/12/2015
Letter from the ECB President to Mr Papadimoulis, MEP, on monetary policyENGLISHOTHER LANGUAGES (1) + Select your language EλληνικάEL
02/12/2015
Letter from the ECB President to members of the ALDE Group in the EP on the expanded asset purchase programmeENGLISH
02/12/2015
Letter from the ECB President to Mr Zanni, MEP, and Mr Valli, MEP, on monetary policyENGLISHOTHER LANGUAGES (1) + Select your language ItalianoIT
02/12/2015
Letter from the ECB President to Mr Zanni, MEP, and Mr Valli, MEP, on monetary policyENGLISHOTHER LANGUAGES (1) + Select your language ItalianoIT
02/12/2015
Letter from the ECB President to Ms In 't Veld, MEP, on virtual currency schemesENGLISH
02/12/2015
Letter from the ECB President to Mr Hayes, MEP, on monetary policyENGLISH
02/12/2015
Letter from the ECB President to Mr Mavrides, MEP, on the United Nations-led negotiations between the two communities in CyprusENGLISH
02/12/2015
Letter from the ECB President to Mr Fernández, MEP, on monetary policyENGLISH
02/12/2015
Letter from the ECB President to Mr Mavrides, MEPENGLISH
02/12/2015
Survey on the Access to Finance of Enterprises in the euro area – April to September 2015ENGLISH QuestionnaireENGLISH Related
Press release Report on the results of the Survey on the Access to Finance of Enterprises in the euro area - April to September 2015ENGLISH
30/11/2015
Survey of national practices regarding MFI balance sheet statisticsENGLISH
25/11/2015
The Impact of the Basel III Leverage Ratio on Risk-Taking and Bank StabilityENGLISH Financial Stability Review Issue 2, 2015
25/11/2015
Euro area insurers and the low interest rate environmentENGLISH Financial Stability Review Issue 2, 2015
25/11/2015
Systemic Risk, Contagion and Financial NetworksENGLISH Financial Stability Review Issue 2, 2015
25/11/2015
Working paper no. 1869: Spillovers from the ECB's non-standard monetary policies on non-euro area EU countries: evidence from an event-study analysisENGLISH
25/11/2015
Quantifying the Policy Mix in a Monetary Union with National Macroprudential PoliciesENGLISH Financial Stability Review Issue 2, 2015
25/11/2015
Financial Stability Review, November 2015ENGLISH Related
Press release Risks from outside euro area rise according to latest ECB Financial Stability ReviewENGLISH
24/11/2015
Working paper no. 1868: To bi, or not to bi? Differences in spillover estimates from bilateral and multilateral multi-country modelsENGLISH Published in: Federal Reserve Bank of Dallas Globalization and Monetary Policy Institute, Working Paper 256: "To Bi, or not to Bi? Differences in Spillover Estimates from Bilateral and Multilateral Multi-country Models"
23/11/2015
The impact of the Basel III leverage ratio on risk-taking and bank stabilityENGLISH
18/11/2015
Guide to consultation of the European Central Bank by national authorities regarding draft legislative provisionsENGLISHOTHER LANGUAGES (22) + Select your language БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV MaltiMT NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
17/11/2015
Letter from the ECB President to Mr Carthy, MEP, on the Irish adjustment programmeENGLISH
17/11/2015
Letter from the ECB President to Mr Carthy, MEP, on the use of the term “no-bail-out clause”ENGLISH
17/11/2015
Letter from the ECB President to Mr Carthy, MEP, on the ESM direct recapitalisation instrumentENGLISH
17/11/2015
Letter from the ECB President to Mr Fabio De Masi, MEP, on several aspects of the ECB’s human resource policiesENGLISH
17/11/2015
Letter from the ECB President to Mr Jonas Fernandez, MEP, on the current regulatory framework for sovereign exposuresENGLISHOTHER LANGUAGES (1) + Select your language EspañolES
17/11/2015
Letter from the ECB President to Mr Fernandez, MEP, on the Economic and Monetary UnionENGLISHOTHER LANGUAGES (1) + Select your language EspañolES
17/11/2015
Letter from the ECB President to Mr Flanagan, MEP, on several aspects of the Irish adjustment programmeENGLISH
17/11/2015
Letter from the ECB President to Mr Zanni, MEP, and Mr Valli, MEPENGLISHOTHER LANGUAGES (1) + Select your language ItalianoIT
16/11/2015
Working paper no. 1867: A note on implementing the Durbin and Koopman simulation smootherENGLISH Published in: Computational Statistics & Data Analysis, Vol 91, November 2015: pp 1-3
16/11/2015
Working paper no. 1866: Interconnectedness of the banking sector as a vulnerability to crisesENGLISH
11/11/2015
2015 update of the ECB’s environmental statementENGLISHOTHER LANGUAGES (1) + Select your language DeutschDE
10/11/2015
Household Sector Report 2015 Q2ENGLISH Related
Press release ECB publishes new statistical report on the Household SectorENGLISH
06/11/2015
Working paper no. 1865: Inflation forecasts: Are market-based and survey-based measures informative?ENGLISH Published in: International Journal of Financial Research, vol. 9(1), pp. 171–188
05/11/2015
Working paper no. 1864: Asset purchase programmes and financial markets: lessons from the euro areaENGLISH
05/11/2015
Economic Bulletin Issue 7, 2015ENGLISH ENGLISH
05/11/2015
The creation of a European Fiscal BoardENGLISH Economic Bulletin Issue 7, 2015
05/11/2015
New data on loans to the private sector adjusted for sales and securitisationENGLISH Economic Bulletin Issue 7, 2015
05/11/2015
An assessment of recent euro area consumption growthENGLISH Economic Bulletin Issue 7, 2015
05/11/2015
Explaining the drivers of the recent increase in oil price volatilityENGLISH Economic Bulletin Issue 7, 2015
05/11/2015
European statistics: cooperation between the European System of Central Banks and the European Statistical SystemENGLISH Economic Bulletin Issue 7, 2015
04/11/2015
Trade links between the euro area and ChinaENGLISH Economic Bulletin Issue 7, 2015
03/11/2015
The transmission of the ECB's recent non-standard monetary policy measuresENGLISH Economic Bulletin Issue 7, 2015
02/11/2015
The short-term fiscal implications of structural reformsENGLISH Economic Bulletin Issue 7, 2015
30/10/2015
Legal working paper no. 15: The Single Rulebook: legal issues and relevance in the SSM contextENGLISH
29/10/2015
Report on financial structuresENGLISH
28/10/2015
Working paper no. 1863: Fiscal multipliers during consolidation: evidence from the European UnionENGLISH
28/10/2015
Letter from the ECB President to Mr Fabio De Masi, MEP, on members of the ECB’s decision-making bodies participating to public and private debatesENGLISH
28/10/2015
Letter from the ECB President to Mr Dimitrios Papadimoulis, MEP, on the Greek adjustment programmeENGLISHOTHER LANGUAGES (1) + Select your language EλληνικάEL
28/10/2015
Inflation and unemployment in EuropeENGLISH ECB Forum on Central Banking 2015
27/10/2015
Working paper no. 1862: Worker flows in the European Union during the Great RecessionENGLISH
27/10/2015
Working paper no. 1861: Loan supply, credit markets and the euro area financial crisisENGLISH
23/10/2015
The ECB Survey of Professional Forecasters (SPF) - Fourth Quarter of 2015ENGLISH
22/10/2015
Letter from the ECB President to Ms Eva Kaili, MEP, on the Greek adjustment programmeENGLISHOTHER LANGUAGES (1) + Select your language EλληνικάEL
22/10/2015
Letter from the ECB President to Ms Eva Kaili, MEP, on virtual currency schemes and alternative forms of paymentENGLISHOTHER LANGUAGES (1) + Select your language EλληνικάEL
21/10/2015
Working paper no. 1860: What drives forbearance - evidence from the ECB Comprehensive AssessmentENGLISH
21/10/2015
Working paper no. 1859: Corporate investment and bank-dependent borrowers during the recent financial crisisENGLISH
09/10/2015
Working paper no. 1858: Fiscal policy adjustments in the euro area stressed countries: new evidence from non-linear models with state-varying thresholdsENGLISH
08/10/2015
Working paper no. 1857: International spillovers in inflation expectationsENGLISH
08/10/2015
Working paper no. 1856: Combining time-variation and mixed-frequencies: an analysis of government spending multipliers in ItalyENGLISH
30/09/2015
Euro money market survey, September 2015ENGLISH Related
Press release Results of the Euro Money Market Survey 2015ENGLISH
29/09/2015
Letter from the ECB President to the Syriza Party MEPs on the Greek adjustment programmeENGLISHOTHER LANGUAGES (1) + Select your language EλληνικάEL
25/09/2015
Working paper no. 1855: Quantitative effects of the shale oil revolutionENGLISH
25/09/2015
Working paper no. 1854: Determinants of global spillovers from US monetary policyENGLISH
24/09/2015
Working paper no. 1853: Price level changes and the redistribution of nominal wealth across the euro areaENGLISH
24/09/2015
Working paper no. 1852: Financial literacy and savings account returnsENGLISH
23/09/2015
Working paper no. 1851: A rotated Dynamic Nelson-Siegel model with macro-financial applicationsENGLISH
23/09/2015
Occasional paper no. 166: The side effects of national financial sector policies: framing the debate on financial protectionismENGLISH
23/09/2015
Standards for the use of central counterparties in Eurosystem foreign reserve management operationsENGLISH
23/09/2015
Eurosystem oversight policy frameworkENGLISH
22/09/2015
Letter from the ECB President to Mr Sven Giegold and Mr Peter Simon, MEPs, on AnaCreditENGLISH
18/09/2015
Working paper no. 1850: Jagged cliffs and stumbling blocks: interest rate pass-through fragmentation during the Euro area crisisENGLISH
18/09/2015
Working paper no. 1849: Drivers of banks' cost of debt and long-term benefits of regulation - an empirical analysis based on EU banksENGLISH
18/09/2015
Letter from the ECB President to Mr Richard Sulik, MEP, on TARGET2 operationsENGLISHOTHER LANGUAGES (1) + Select your language SlovenčinaSK
18/09/2015
Letter from the ECB President to Mr Fabio De Masi, MEP, on the access to ECB documentsENGLISHOTHER LANGUAGES (1) + Select your language DeutschDE
18/09/2015
Letter from the ECB President to Mr Fabio De Masi, MEP, on the ECB Staff SurveyENGLISHOTHER LANGUAGES (1) + Select your language DeutschDE
18/09/2015
Letter from the ECB President to Ms Mara Bizzotto, MEP, on consumer protectionENGLISHOTHER LANGUAGES (1) + Select your language ItalianoIT
18/09/2015
Letter from the ECB President to Mr Marco Zanni and Mr Marco Valli, MEPs, on the provision of emergency liquidity assistance (ELA)ENGLISHOTHER LANGUAGES (1) + Select your language ItalianoIT
18/09/2015
Letter from the ECB President to Mr Kostas Chrysogonos, MEP, on the Greek adjustment programmeENGLISHOTHER LANGUAGES (1) + Select your language EλληνικάEL
18/09/2015
Letter from the ECB President to Mr Jonás Fernández, MEP, on the provision of emergency liquidity assistance (ELA)ENGLISH
17/09/2015
Working paper no. 1848: Systemic risk rankings and network centrality in the European banking sectorENGLISH
17/09/2015
Working paper no. 1847: Private wealth across European countries: the role of income, inheritance and the welfare stateENGLISH
17/09/2015
Economic Bulletin Issue 6, 2015ENGLISH ENGLISH
17/09/2015
Country-specific recommendations for fiscal policies under the 2015 European SemesterENGLISH Economic Bulletin Issue 6, 2015
17/09/2015
Recent developments in euro area food pricesENGLISH Economic Bulletin Issue 6, 2015
17/09/2015
Publication of TARGET balancesENGLISH Economic Bulletin Issue 6, 2015
17/09/2015
The usefulness of TARGET2 transaction data for the analysis of the unsecured overnight money marketENGLISH Economic Bulletin Issue 6, 2015
17/09/2015
Liquidity conditions and monetary policy operations in the period from 22 April to 21 July 2015ENGLISH Economic Bulletin Issue 6, 2015
16/09/2015
Revised trade weights for the effective exchange rates of the euro reflect the increasing importance of emerging market economiesENGLISH Economic Bulletin Issue 6, 2015
16/09/2015
The fiscal impact of financial sector support during the crisisENGLISH Economic Bulletin Issue 6, 2015
15/09/2015
The state of the house price cycle in the euro areaENGLISH Economic Bulletin Issue 6, 2015
15/09/2015
A survey-based measure of slack for the euro areaENGLISH Economic Bulletin Issue 6, 2015
14/09/2015
Working paper no. 1846: Characterising the financial cycle: a multivariate and time-varying approachENGLISH
14/09/2015
Recent developments and outlook for non-oil commodity pricesENGLISH Economic Bulletin Issue 6, 2015
10/09/2015
Statistics paper no. 11: The Bank for the Accounts of Companies Harmonized (BACH) databaseENGLISH
08/09/2015
Letter from the ECB President to the Members of Europe Nations and Freedoms on the main building of the European Central BankENGLISHOTHER LANGUAGES (1) + Select your language FrançaisFR
08/09/2015
Letter from the ECB President to Mr Notis Marias, MEP, on the Greek adjustment programmeENGLISHOTHER LANGUAGES (1) + Select your language EλληνικάEL
07/09/2015
Working paper no. 1845: A false sense of security in applying handpicked equations for stress test purposesENGLISH Published in: Journal of Financial Services Research. DOI: 10.1007/s10693-017-0275-4.
04/09/2015
ECB response to the European Commission's consultation on the review of the EMIRENGLISH
03/09/2015
Letter from the ECB President to Mr Jonas Fernández, MEP, on the expanded asset purchase programmeENGLISH
03/09/2015
Letter from the ECB President to Mr Brian Hayes, MEP, on SAFE survey resultsENGLISH
03/09/2015
Letter from the ECB President to Mr Brian Hayes, MEP, on the ECB’s letter to the European OmbudsmanENGLISH
03/09/2015
Letter from the ECB President to Mr Marco Valli and Mr Marco Zanni, MEPs, on targeted longer-term refinancing operationsENGLISHOTHER LANGUAGES (1) + Select your language ItalianoIT
03/09/2015
Letter from the ECB President to Mr Dimitrios Papadimoulis, MEP, on statistics on financial sector assistance measures provided by governmentsENGLISHOTHER LANGUAGES (1) + Select your language EλληνικάEL
03/09/2015
Letter from the ECB President to Mr Dimitrios Papadimoulis, MEP, on manipulation of financial markets and insider tradingENGLISHOTHER LANGUAGES (1) + Select your language EλληνικάEL
03/09/2015
Letter from the ECB President to Mr Richard Sulik, MEP, on Slovakian legislationENGLISHOTHER LANGUAGES (1) + Select your language SlovenčinaSK
03/09/2015
Letter from the ECB President to Mr Sven Giegold, MEP, on The Economic Adjustment Programme for CyprusENGLISHOTHER LANGUAGES (1) + Select your language DeutschDE
03/09/2015
ECB staff macroeconomic projections for the euro areaENGLISHOTHER LANGUAGES (21) + Select your language БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
01/09/2015
The euro area bank lending surveyENGLISH
28/08/2015
Occasional paper no. 165: Public debt, population ageing and medium-term growthENGLISH
25/08/2015
Working paper no. 1844: Domestic and multilateral effects of capital controls in emerging marketsENGLISH Published in: Journal of International Economics vol. 115, November 2018, pages 48-58
25/08/2015
Report of the ESCB on the need for any measure to facilitate the access of CCPs to central bank liquidity facilitiesENGLISH
24/08/2015
Working paper no. 1843: Debt overhang and deleveraging in the US household sector: gauging the impact on consumptionENGLISH
24/08/2015
Working paper no. 1842: The real effects of credit constraints: evidence from discouraged borrowers in the euro areaENGLISH
21/08/2015
Working paper no. 1841: Inattention to rare eventsENGLISH
21/08/2015
Working paper no. 1840: Sovereign risk, interbank freezes, and aggregate fluctuationsENGLISH
20/08/2015
Occasional paper no. 164: Financial stability challenges in EU candidate and potential candidate countriesENGLISH
19/08/2015
Statistics paper no. 10: Nowcasting GDP with electronic payments dataENGLISH
07/08/2015
Working paper no. 1839: The geography of the great rebalancing in euro area bond markets during the sovereign debt crisisENGLISH
07/08/2015
Working paper no. 1838: Estimation of linear dynamic panel data models with time-invariant regressorsENGLISH
06/08/2015
Working paper no. 1837: Modeling financial sector joint tail risk in the euro areaENGLISH
06/08/2015
Working paper no. 1836: Assessing the financial and financing conditions of firms in Europe: the financial module in CompNetENGLISH
05/08/2015
Working paper no. 1835: Between capture and discretion - The determinants of distressed bank treatment and expected government supportENGLISH
05/08/2015
Working paper no. 1834: Fiscal targets. A guide to forecasters?ENGLISH
30/07/2015
Recent developments in extra-euro area trade: the role of emerging market economiesENGLISH Economic Bulletin Issue 5, 2015
30/07/2015
Does consumer confidence predict private consumption?ENGLISH Economic Bulletin Issue 5, 2015
30/07/2015
Why has growth in emerging market economies slowed?ENGLISH Economic Bulletin Issue 5, 2015
30/07/2015
Economic Bulletin Issue 5, 2015ENGLISH ENGLISH
29/07/2015
Real convergence in the euro area: evidence, theory and policy implicationsENGLISH Economic Bulletin Issue 5, 2015
29/07/2015
Letter from the ECB President to Martin Schulz, President of the European Parliament, and Roberto Gualtieri, Chair of ECON, concerning a request from several MEPsENGLISH
29/07/2015
Follow-up letter from the ECB President to Ms Marian Harkin, MEP, on the ECB’s participation in the Irish parliamentary Committee of InquiryENGLISH
28/07/2015
The impact of negative short-term rates on the money market fund industryENGLISH Economic Bulletin Issue 5, 2015
27/07/2015
Has underlying inflation reached a turning point?ENGLISH Economic Bulletin Issue 5, 2015
24/07/2015
Research Bulletin No. 22ENGLISH
23/07/2015
Memorandum of Understanding on adapting banknote equipment to the new €20 banknoteENGLISH Related
Press release ECB and partners sign memorandum of understanding on new €20 banknoteENGLISHOTHER LANGUAGES (22) + Select your language БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV MaltiMT NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
17/07/2015
The ECB Survey of Professional Forecasters (SPF) - Third Quarter of 2015ENGLISH
15/07/2015
Working paper no. 1833: The great collapse in value added tradeENGLISH
15/07/2015
Working paper no. 1832: Long-lasting consequences of the European crisisENGLISH
15/07/2015
Occasional paper no. 163: Compendium on the diagnostic toolkit for competitivenessENGLISH
15/07/2015
Fourth report on card fraudENGLISH
14/07/2015
Working paper no. 1831: Credit ratings and cross-border bond market spilloversENGLISH Published in: Journal of International Money and Finance, Vol 53, May 2015: pp 115-136
14/07/2015
Working paper no. 1830: Optimal capital requirements over the business and financial cyclesENGLISH
14/07/2015
Statistics paper no. 9: Quantifying the effects of online bullishness on international financial marketsENGLISH
14/07/2015
Letter from the ECB President to Mr Marco Zanni and Mr Marco Valli, MEPs, on money supplyENGLISHOTHER LANGUAGES (1) + Select your language ItalianoIT
14/07/2015
Letter from the ECB President to Mr Marco Zanni and Mr Marco Valli, MEPs, on speech delivered by a member of the ECB Executive Board on 18 May 2015ENGLISHOTHER LANGUAGES (1) + Select your language ItalianoIT
14/07/2015
Letter from the ECB President to Mr Janusz Korwin-Mikke, MEP, on the expanded asset purchase programmeENGLISHOTHER LANGUAGES (1) + Select your language PolskiPL
14/07/2015
Letter from the ECB President to Mr Sven Giegold, MEP, on the Cypriot banking sectorENGLISHOTHER LANGUAGES (1) + Select your language DeutschDE
14/07/2015
Letter from the ECB President to Ms Eva Kaili, MEP, on monetary policyENGLISH
13/07/2015
Working paper no. 1829: Creditor protection, judicial enforcement and credit accessENGLISH
13/07/2015
Working paper no. 1828: Network linkages to predict bank distressENGLISH
09/07/2015
Working paper no. 1827: Capital regulation in a macroeconomic model with three layers of defaultENGLISH
09/07/2015
Working paper no. 1826: Virtual proximity and audiovisual services tradeENGLISH Published in: European Economic Review, Vol. 77, pp. 82-101
08/07/2015
Working paper no. 1825: Uncertainty shocks, banking frictions and economic activityENGLISH
08/07/2015
Working paper no. 1824: Shoe-leather costs in the euro area and the foreign demand for euro banknotesENGLISH
08/07/2015
The international role of the euro, July 2015ENGLISH Related
Press release Diverging monetary policy cycles impact international use of the euroENGLISH
07/07/2015
Working paper no. 1823: Financial constraints and productivity: evidence from euro area companiesENGLISH
07/07/2015
Working paper no. 1822: Gender bias and credit accessENGLISH
07/07/2015
Financial Risk Management of Eurosystem Monetary Policy Operations, July 2015ENGLISH
01/07/2015
The euro area bank lending surveyENGLISH
01/07/2015
Letter from the ECB President to Mr Notis Marias, MEP, on the Greek adjustment programmeENGLISHOTHER LANGUAGES (1) + Select your language EλληνικάEL
01/07/2015
Letter from the ECB President to Mr Matt Carthy, MEP, on the Irish adjustment programmeENGLISH
01/07/2015
Letter from the ECB President to Mr Notis Marias, MEP, on the Greek adjustment programmeENGLISHOTHER LANGUAGES (1) + Select your language EλληνικάEL
30/06/2015
Statistics paper no. 8: New and timely statistical indicators on government debt securitiesENGLISH
26/06/2015
Working paper no. 1821: Financing constraints, employment, and labor compensation: evidence from the subprime mortgage crisisENGLISH
26/06/2015
Working paper no. 1820: Sovereign stress, unconventional monetary policy, and SME access to financeENGLISH
26/06/2015
Working paper no. 1819: Euro area business cycles in turbulent times: convergence or decoupling?ENGLISH Published in: Applied Economics, Vol 47 (34-35): pp. 3791-3815
25/06/2015
Working paper no. 1818: An alternative view of exchange market pressure episodes in emerging Europe: an analysis using Extreme Value Theory (EVT)ENGLISH
25/06/2015
Working paper no. 1817: Wealth effects on consumption across the wealth distribution: empirical evidenceENGLISH
22/06/2015
Completing Europe's Economic and Monetary UnionENGLISHOTHER LANGUAGES (22) + Select your language БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV MaltiMT NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV Related
Press release Roadmap for the future of the Economic and Monetary UnionENGLISH
19/06/2015
Working paper no. 1816: Conservatism and liquidity trapsENGLISH
19/06/2015
Working paper no. 1815: Spillovers and euroscepticismENGLISH
18/06/2015
Working paper no. 1814: VAR for VaR: measuring tail dependence using multivariate regression quantilesENGLISH Published in: Journal of Econometrics, Vol 187, Iss. 1: pp 169-188
18/06/2015
Working paper no. 1813: A new identification of fiscal shocks based on the information flowENGLISH
18/06/2015
Forecasting the price of oilENGLISH Economic Bulletin Issue 4, 2015
18/06/2015
IMF surveillance of the euro area and its member countriesENGLISH Economic Bulletin Issue 4, 2015
18/06/2015
The effectiveness of the medium-term budgetary objective as an anchor of fiscal policiesENGLISH Economic Bulletin Issue 4, 2015
18/06/2015
The 2015 Ageing Report: how costly will ageing in Europe be?ENGLISH Economic Bulletin Issue 4, 2015
18/06/2015
Monitoring the exchange rate pass-through to HICP inflationENGLISH Economic Bulletin Issue 4, 2015
18/06/2015
Recent equity price developments in the euro area and the United StatesENGLISH Economic Bulletin Issue 4, 2015
18/06/2015
Liquidity conditions and monetary policy operations in the period from 28 January 2015 to 21 April 2015ENGLISH Economic Bulletin Issue 4, 2015
18/06/2015
The rise to prominence of India’s economyENGLISH Economic Bulletin Issue 4, 2015
18/06/2015
Economic Bulletin Issue 4, 2015ENGLISH ENGLISH
18/06/2015
Letter from the ECB President to Ms Eva Kaili, MEP, on the Greek adjustment programmeENGLISHOTHER LANGUAGES (1) + Select your language EλληνικάEL
18/06/2015
Letter from the ECB President to Mr Sven Giegold, MEP, on the Cypriot banking sectorENGLISHOTHER LANGUAGES (1) + Select your language DeutschDE
18/06/2015
Letter from the ECB President to Mr Burkhard Balz, MEP, on the Eurosystem Credit Assessment FrameworkENGLISH
18/06/2015
Letter from the ECB President to Mr Fabio De Masi, MEP, on the Public Sector Purchase Programme (PSPP)ENGLISHOTHER LANGUAGES (1) + Select your language DeutschDE
18/06/2015
Letter from the ECB President to Mr Fabio De Masi, MEP, on the access to ECB documentsENGLISHOTHER LANGUAGES (1) + Select your language DeutschDE
18/06/2015
Letter from the ECB President to Mr Jonas Fernández, MEP, on the Economic and Monetary UnionENGLISHOTHER LANGUAGES (1) + Select your language EspañolES
17/06/2015
Working paper no. 1812: The relationship between structural and cyclical features of the EU financial sectorENGLISH
17/06/2015
Working paper no. 1811: Capturing the financial cycle in EuropeENGLISH
17/06/2015
Non-bank financing for euro area NFCs during the crisisENGLISH Economic Bulletin Issue 4, 2015
16/06/2015
Working paper no. 1810: Banking and currency crises: differential diagnostics for developed countriesENGLISH
16/06/2015
Working paper no. 1809: Do banks’ overnight borrowing rates lead their CDS Price? Evidence from the EurosystemENGLISH Published in: Journal of Financial Intermediation (forthcoming)
16/06/2015
Recent current account developments in euro area countries with large pre-crisis deficitsENGLISH Economic Bulletin Issue 4, 2015
15/06/2015
Working paper no. 1808: Has the publication of minutes helped markets to predict the monetary policy decisions of the Bank of England's MPC?ENGLISH Published in: European Journal of Political Economy, Vol 39, September 2015: pp 222-234 as "Have minutes helped markets to predict the MPC's monetary policy decisions"
15/06/2015
Working paper no. 1807: Does uncertainty affect participation in the European Central Bank's Survey of Professional Forecasters?ENGLISH
15/06/2015
The role of the central bank balance sheet in monetary policyENGLISH Economic Bulletin Issue 4, 2015
12/06/2015
Working paper no. 1806: Will the true labor share stand up?ENGLISH
12/06/2015
Working paper no. 1805: Credit market disequilibrium in Greece (2003-2011) - a Bayesian approachENGLISH
11/06/2015
Working paper no. 1804: Bank bailouts and competition - Did TARP distort competition among sound banks?ENGLISH
11/06/2015
Working paper no. 1803: The information content of money and credit for US activityENGLISH
11/06/2015
Letter from the ECB President to Mr Alfred Sant, MEP, on ECB employment policyENGLISH
11/06/2015
Letter from the ECB President to Ms Ulrike Trebesius, MEP, on monetary policyENGLISH
11/06/2015
Letter from the ECB President to Mr Luke Ming Flanagan, MEP, on several aspects of the Irish adjustment programmeENGLISH
11/06/2015
Letter from the ECB President to Ms Emily O'Reilly, European Ombudsman, regarding a speech delivered by a member of the ECB Executive Board on 18 May 2015.ENGLISH
10/06/2015
Working paper no. 1802: What has driven inflation dynamics in the Euro area, the United Kingdom and the United StatesENGLISH
10/06/2015
Occasional paper no. 162: Fiscal multipliers and beyondENGLISH
09/06/2015
Working paper no. 1801: The exchange rate, asymmetric shocks and asymmetric distributionsENGLISH
09/06/2015
Working paper no. 1800: Unraveling the skill premiumENGLISH
08/06/2015
Working paper no. 1799: Financial exposure to the euro area before and after the crisis: home bias and institutions at homeENGLISH
08/06/2015
Working paper no. 1798: Capital inflows and euro area long-term interest ratesENGLISH Published in: Journal of International Money and Finance, Elsevier, Vol 54(C): pp 186-204
08/06/2015
European Reporting Framework (ERF): Key facts and information, June 2015ENGLISH Related
Publication The ESCB Integrated Reporting Framework (IReF) – An overviewENGLISH
03/06/2015
Eurosystem staff macroeconomic projections for the euro areaENGLISHOTHER LANGUAGES (21) + Select your language БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
02/06/2015
Institutional provisions 2015ENGLISHOTHER LANGUAGES (22) + Select your language БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV MaltiMT NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV ePUB versionENGLISH
02/06/2015
Survey on the access to finance of enterprises in the euro area – October 2014 to March 2015ENGLISH QuestionnaireENGLISH Related
Press release Report on the results of the Survey on the Access to Finance of Enterprises in the euro area - October 2014 to March 2015ENGLISH
01/06/2015
Towards the banking union – opportunities and challenges for statisticsENGLISH ePUB versionENGLISH
01/06/2015
TARGET Annual Report 2014ENGLISH ePubENGLISH Related
Press release TARGET2 turnover stable in 2014, according to annual reportENGLISH
28/05/2015
A Framework for Analysing and Assessing Cross-Border Spillovers from Macroprudential PoliciesENGLISH Financial Stability Review Issue 1, 2015
28/05/2015
Bank Profitability Challenges in Euro Area Banks: the Role of Cyclical and Structural FactorsENGLISH Financial Stability Review Issue 1, 2015
28/05/2015
Resolving the Legacy of Non-Performing Exposures in Euro Area BanksENGLISH Financial Stability Review Issue 1, 2015
28/05/2015
Working paper no. 1797: Bank bias in Europe: effects on systemic risk and growthENGLISH
28/05/2015
Working paper no. 1796: Real estate markets and macroprudential policy in EuropeENGLISH
28/05/2015
Financial Stability Review, May 2015ENGLISH
27/05/2015
Working paper no. 1795: Lack of confidence, the zero lower bound, and the virtue of fiscal rulesENGLISH
22/05/2015
Working paper no. 1794: Granger causality and regime inference in Bayesian Markov-Switching VARsENGLISH
22/05/2015
Working paper no. 1793: Collateral damage? Micro-simulation of transaction cost shocks on the value of central bank collateralENGLISH
22/05/2015
Letter from the ECB President to Mr Jonás Fernández, MEP, on temporary agency work at the ECBENGLISH
22/05/2015
Letter from the ECB President to Mr Bernd Kölmel, MEP, on monetary policyENGLISHOTHER LANGUAGES (1) + Select your language DeutschDE
22/05/2015
Letter from the ECB President to Mr Mr Kostas Chrysogonos, MEP, on the ECB’s new premisesENGLISHOTHER LANGUAGES (1) + Select your language EλληνικάEL
22/05/2015
Letter from the ECB President to Mr Notis Marias, MEP, on Advocate General’s Opinion in Case C-62/14ENGLISHOTHER LANGUAGES (1) + Select your language EλληνικάEL
22/05/2015
Letter from the ECB President to Mr Miguel Urbán Crespo, MEP, on aspects related to banknotes productionENGLISHOTHER LANGUAGES (1) + Select your language EspañolES
22/05/2015
Letter from the ECB President to Mr Jonás Fernández, MEP, on the Public Sector Purchase Programme (PSPP)ENGLISHOTHER LANGUAGES (1) + Select your language EspañolES
22/05/2015
Letter from the ECB President to Mr Bernd Lucke, MEP, on the Public Sector Purchase Programme (PSPP)ENGLISHOTHER LANGUAGES (1) + Select your language DeutschDE
21/05/2015
Building a Capital Markets Union – Eurosystem contribution to the European Commission’s Green PaperENGLISH
20/05/2015
Working paper no. 1792: The risk management approach to monetary policy, nonlinearity and aggressiveness: the case of the US FedENGLISH
19/05/2015
Working paper no. 1791: Interest rates, money, and banks in an estimated euro area modelENGLISH Published in: Journal of Banking & Finance, Vol 55, June 2015: pp 281-294
19/05/2015
Working paper no. 1790: Household saving behaviour and credit constraints in the euro areaENGLISH
18/05/2015
Occasional paper no. 161: Critique of accommodating central bank policies and the 'expropriation of the saver' - A reviewENGLISH
08/05/2015
Letter from the ECB President to Mr Ramon Tremosa i Balcells, MEP, on the expanded asset purchase programmeENGLISH
08/05/2015
Letter from the ECB President to ECR MembersENGLISHOTHER LANGUAGES (1) + Select your language DeutschDE
08/05/2015
Letter from the ECB President to Mr Costas Mavrides, MEPENGLISH
08/05/2015
Letter from the ECB President to Mr Miguel Viegas, MEP, on the new ECB premisesENGLISHOTHER LANGUAGES (2) + Select your language EspañolES PortuguêsPT
08/05/2015
Letter from the ECB President to Mr Dimitrios Papadimoulis, MEP, on monetary policyENGLISHOTHER LANGUAGES (1) + Select your language EλληνικάEL
08/05/2015
Letter from the ECB President to Mr Dimitrios Papadimoulis, MEP, on non-performing loansENGLISHOTHER LANGUAGES (1) + Select your language EλληνικάEL
08/05/2015
Letter from the ECB President to Mr Jonás Fernández, MEP, on monetary policyENGLISH
08/05/2015
Letter from the ECB President to Mr Marco Valli and Mr Marco Zanni, MEPs, on electronic moneyENGLISHOTHER LANGUAGES (1) + Select your language ItalianoIT
08/05/2015
Letter from the ECB President to Mr Jonás Fernández, MEP, on the public sector purchase programmeENGLISHOTHER LANGUAGES (1) + Select your language EspañolES
04/05/2015
Working paper no. 1789: Exploring price and non-price determinants of trade flows in the largest euro-area countriesENGLISH
04/05/2015
Working paper no. 1788: Assessing European firms' exports and productivity distributions: the CompNet trade moduleENGLISH
30/04/2015
Developments in longer-term inflation expectations in the euro areaENGLISH Economic Bulletin Issue 3, 2015
30/04/2015
What has been driving consumer confidence?ENGLISH Economic Bulletin Issue 3, 2015
30/04/2015
Recent developments in the consumption of durable goodsENGLISH Economic Bulletin Issue 3, 2015
30/04/2015
Economic Bulletin Issue 3, 2015ENGLISH ENGLISH
30/04/2015
Euro money market study 2014ENGLISH Related
Press release ECB publishes its Euro Money Market Study 2014ENGLISH
29/04/2015
Working paper no. 1787: "Made in China" - How does it affect our understanding of global market shares?ENGLISH
29/04/2015
Working paper no. 1786: Optimal supervisory architecture and financial integration in a banking unionENGLISH
29/04/2015
Understanding the weakness in world tradeENGLISH Economic Bulletin Issue 3, 2015
28/04/2015
Broad money and lending in the United States during the implementation of the Federal Reserve's large-scale asset purchase programmesENGLISH Economic Bulletin Issue 3, 2015
27/04/2015
Working paper no. 1785: A measure of redenomination riskENGLISH
27/04/2015
Working paper no. 1784: Policy mandates for macro-prudential and monetary policies in a new Keynesian frameworkENGLISH
27/04/2015
Japan's recent net export performanceENGLISH Economic Bulletin Issue 3, 2015
27/04/2015
Financial integration in Europe, April 2015ENGLISH
24/04/2015
Euro area monetary and financial statistics - 2014 quality reportENGLISH
23/04/2015
Working paper no. 1783: Monetary and macroprudential policy with foreign currency loansENGLISH
22/04/2015
Working paper no. 1782: The impact of fiscal policy announcements by the Italian government on the sovereign spread: a comparative analysisENGLISH Published in: European Journal of Political Economy, Vol 39, September 2015: pp 288-304
22/04/2015
Working paper no. 1781: The determinants of sovereign bond yield spreads in the EMUENGLISH
21/04/2015
Letter from the ECB President to Mr Jonas Fernandez, MEPENGLISH
21/04/2015
Letter from the ECB President to the Members of the EFDD on the expanded asset purchase programme (APP)ENGLISHOTHER LANGUAGES (1) + Select your language ItalianoIT
21/04/2015
Letter from the ECB President to Ms Mara Bizzotto, MEP, and Mr Gianluca Buonanno, MEP, on the expanded asset purchase programme (APP)ENGLISHOTHER LANGUAGES (1) + Select your language ItalianoIT
21/04/2015
Letter from the ECB President to Mr Dimitrios Papadimoulis, MEP, on the expanded asset purchase programme (APP)ENGLISHOTHER LANGUAGES (1) + Select your language EλληνικάEL
21/04/2015
Letter from the ECB President to Mr Miguel Viegas, MEP, on the ECB’s new premisesENGLISHOTHER LANGUAGES (1) + Select your language PortuguêsPT
21/04/2015
Letter from the ECB President to Mr Kostas Chrysogonos, MEPENGLISH
21/04/2015
Letter from the ECB President to Mr Luke Ming Flanagan, MEP, on several aspects of the Irish adjustment programmeENGLISH
21/04/2015
Letter from the ECB President to Mr Jonás Fernández, MEP, and Ms Eider Gardiazabal Rubial, MEP, on the judgement of the General Court of the European Union of 4 March 2015 in Case T-496/11ENGLISH
21/04/2015
Letter from the ECB President to Mr Gianluca Buonanno, MEPENGLISHOTHER LANGUAGES (1) + Select your language ItalianoIT
21/04/2015
Letter from the ECB President to Mr Gianluca Buonanno, MEPENGLISHOTHER LANGUAGES (1) + Select your language ItalianoIT
21/04/2015
Letter from the ECB President to Mr Marco Valli, MEP, and Mr Marco Zanni, MEPENGLISHOTHER LANGUAGES (1) + Select your language ItalianoIT
21/04/2015
Letter from the ECB President to Ms Eva Kaili, MEP, on monetary policyENGLISH
21/04/2015
Letter from the ECB President to Mr Fabio de Masi, MEP, and Mr Neoklis Sylikiotis, MEP, on the Cypriot banking sectorENGLISHOTHER LANGUAGES (1) + Select your language DeutschDE
21/04/2015
Letter from the ECB President to Mr Gianluca Buonanno, MEP, on virtual currency schemes (VCS)ENGLISHOTHER LANGUAGES (1) + Select your language ItalianoIT
21/04/2015
Letter from the ECB President to Mr Hugues Bayet, MEP, on the expanded asset purchase programme (APP)ENGLISHOTHER LANGUAGES (1) + Select your language FrançaisFR
20/04/2015
Annual Report 2014ENGLISHOTHER LANGUAGES (21) + Select your language БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
16/04/2015
The ECB Survey of Professional Forecasters (SPF) - Second Quarter of 2015ENGLISH
15/04/2015
Letter from the ECB President to the Members of GUE/NGL on monetary policyENGLISH
15/04/2015
Letter from the ECB President to Mr Matt Carthy, MEP, on the expanded asset purchase programme (APP)ENGLISH
15/04/2015
Letter from the ECB President to Mr Kostas Chrysogonos, MEPENGLISHOTHER LANGUAGES (1) + Select your language EλληνικάEL
15/04/2015
Letter from the ECB President to Mr Fabio De Masi, MEP, on Outright Monetary Transactions (OMTs)ENGLISHOTHER LANGUAGES (1) + Select your language DeutschDE
15/04/2015
Letter from the ECB President to Mr Jonás Fernandez, MEP, on the expanded asset purchase programme (APP)ENGLISH
15/04/2015
Letter from the ECB President to Mr Jonás Fernandez, MEP, on the eligibility of Greek bonds used as collateral in Eurosystem monetary policy operationsENGLISH
15/04/2015
Letter from the ECB President to Mr Jonás Fernandez, MEP, on the eligibility of Greek bonds used as collateral in Eurosystem monetary policy operationsENGLISH
15/04/2015
Letter from the ECB President to the Members of GUE/NGL on the eligibility of Greek bonds used as collateral in Eurosystem monetary policy operationsENGLISHOTHER LANGUAGES (1) + Select your language EλληνικάEL
15/04/2015
Letter from the ECB President to Ms Paloma López Bermejo, MEP, on the eligibility of Greek bonds used as collateral in Eurosystem monetary policy operationsENGLISH
09/04/2015
Statistics paper no. 7: Financial assistance measures in the euro area from 2008 to 2013: statistical framework and fiscal impactENGLISH Data file
08/04/2015
Working paper no. 1780: Do financial reforms help stabilize inequality?ENGLISH
08/04/2015
Working paper no. 1779: Commercial bank failures during the Great Recession: the real (estate) storyENGLISH
07/04/2015
Working paper no. 1778: European firm adjustment during times of economic crisisENGLISH
07/04/2015
Working paper no. 1777: Exports and domestic demand pressure: a dynamic panel data model for the euro area countriesENGLISH
02/04/2015
Working paper no. 1776: Expectation-driven cycles: time-varying effectsENGLISH
02/04/2015
Working paper no. 1775: Housing market dynamics: Any news?ENGLISH
01/04/2015
Working paper no. 1774: Does fiscal austerity affect public opinion?ENGLISH
01/04/2015
Working paper no. 1773: An automatic leading indicator, variable reduction and variable selection methods using small and large datasets: Forecasting the industrial production growth for euro area economiesENGLISH
01/04/2015
The euro area bank lending surveyENGLISH
01/04/2015
Letter from the ECB President to EFDD Members on high-denomination euro banknotesENGLISHOTHER LANGUAGES (1) + Select your language ItalianoIT
01/04/2015
Letter from the ECB President to Mr Dimitrios Papadimoulis, MEP, on Outright Monetary TransactionsENGLISHOTHER LANGUAGES (1) + Select your language EλληνικάEL
01/04/2015
Letter from the ECB President to Mr Kostas Chrysogonos, MEP, on the Eligibility of Greek bonds used as collateral in Eurosystem monetary policy operationsENGLISHOTHER LANGUAGES (1) + Select your language EλληνικάEL
27/03/2015
Joint response from the Bank of England and the ECB to the consultation document of the European Commission: "An EU framework for simple, transparent and standardised securitisation"ENGLISH
26/03/2015
Working paper no. 1772: Fragility in money marketfunds: sponsor support and regulationENGLISH
26/03/2015
Working paper no. 1771: Governments' payment discipline: the macroeconomic impact of public payment delays and arrearsENGLISH Published in: Journal of Macroeconomics, January 2016
26/03/2015
The first euros. The creation and issue of the first euro banknotes and the road to the Europa seriesENGLISH
24/03/2015
Working paper no. 1770: The confidence effects of fiscal consolidationsENGLISH
24/03/2015
Working paper no. 1769: Ending over-lending: assessing systemic risk with debt to cash flowENGLISH
23/03/2015
Working paper no. 1768: Macroprudential oversight, risk communication and visualizationENGLISH
23/03/2015
Working paper no. 1767: Labour market adjustments in Europe and the US: How different?ENGLISH Published in: Economic Policy, Vol 30 (84), 2015: pp 643-682
19/03/2015
Economic Bulletin Issue 2, 2015ENGLISH ENGLISH
19/03/2015
Follow-up to the review of draft budgetary plans for 2015ENGLISH Economic Bulletin Issue 2, 2015
19/03/2015
The 2015 macroeconomic imbalance procedureENGLISH Economic Bulletin Issue 2, 2015
19/03/2015
Factors behind recent household saving patterns in the euro areaENGLISH Economic Bulletin Issue 2, 2015
19/03/2015
Liquidity conditions and monetary policy operations in the period from 12 November 2014 to 27 January 2015ENGLISH Economic Bulletin Issue 2, 2015
19/03/2015
Assessing US inflation developments using the Phillips curveENGLISH Economic Bulletin Issue 2, 2015
19/03/2015
Who holds what? New information on securities holdingsENGLISH Economic Bulletin Issue 2, 2015
17/03/2015
Working paper no. 1766: Shifting horizons: assessing macro trends before, during, and following systemic banking crisesENGLISH
17/03/2015
Effects of e-commerce on inflationENGLISH Economic Bulletin Issue 2, 2015
17/03/2015
Recent movements in the effective exchange rate of the euroENGLISH Economic Bulletin Issue 2, 2015
16/03/2015
Working paper no. 1765: Endogenous labor share cycles: theory and evidenceENGLISH
16/03/2015
Working paper no. 1764: Assessing European competitiveness: the new CompNet microbased databaseENGLISH
16/03/2015
Progress with structural reforms across the euro area and their possible impactsENGLISH Economic Bulletin Issue 2, 2015
11/03/2015
Letter from the ECB President to Mr Gianluca Buonanno, MEPENGLISHOTHER LANGUAGES (1) + Select your language ItalianoIT
11/03/2015
Letter from the ECB President to Mr Enrique Calvet Chambon, MEP, on the extended asset purchase programmeENGLISHOTHER LANGUAGES (1) + Select your language EspañolES
11/03/2015
Letter from the ECB President to Mr Marco Valli, MEP, and Mr Marco Zanni, MEP, on the ABS purchase programmeENGLISHOTHER LANGUAGES (1) + Select your language ItalianoIT
11/03/2015
Letter from the ECB President to the S&D Members on the extended asset purchase programmeENGLISH
11/03/2015
Letter from the ECB President to Mr Kostas Chrysogonos, MEP, on the Greek adjustment programmeENGLISHOTHER LANGUAGES (1) + Select your language EλληνικάEL
11/03/2015
Letter from the ECB President to Mr Gianluca Buonanno, MEPENGLISHOTHER LANGUAGES (1) + Select your language ItalianoIT
10/03/2015
Working paper no. 1763: Do professional forecasters behave as if they believed in the new Keynesian Phillips Curve for the euro area?ENGLISH
10/03/2015
Working paper no. 1762: Wealth shocks, unemployment shocks and consumption in the wake of the Great RecessionENGLISH Published in: Journal of Monetary Economics
09/03/2015
Working paper no. 1761: Global value chains: a view from the euro areaENGLISH
09/03/2015
Working paper no. 1760: Comparing fiscal multipliers across models and countries in EuropeENGLISH
05/03/2015
ECB staff macroeconomic projections for the euro area, March 2015ENGLISHOTHER LANGUAGES (21) + Select your language БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
03/03/2015
Letter from the ECB President to Mr Dimitrios Papadimoulis, MEP, on monetary policyENGLISHOTHER LANGUAGES (1) + Select your language EλληνικάEL
03/03/2015
Letter from the ECB President to Ms Mara Bizzotto, MEP, on monetary policyENGLISHOTHER LANGUAGES (1) + Select your language ItalianoIT
03/03/2015
Letter from the ECB President to Mr Luke Ming Flanagan, MEP, on several aspects of the Irish adjustment programmeENGLISH
03/03/2015
Letter from the ECB President to Mr Jonas Fernandez, MEP, on monetary policyENGLISHOTHER LANGUAGES (1) + Select your language EspañolES
02/03/2015
Virtual currency schemes - a further analysisENGLISH
27/02/2015
Eurosystem oversight report 2014ENGLISH
25/02/2015
Guide for the assessment of card payment schemes against the oversight standardsENGLISH
24/02/2015
Letter from the ECB President to MEP Harkin on the ECB’s participation in the Irish parliamentary Committee of InquiryENGLISH
24/02/2015
Letter of the President of the ECB to the President of the Eurogroup, Mr Jeroen Dijsselbloem, on the list of measures submitted by the Greek authoritiesENGLISH
24/02/2015
Ninth survey on correspondent banking in euro, 2014ENGLISH
19/02/2015
Annual Accounts 2014ENGLISHOTHER LANGUAGES (22) + Select your language БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV MaltiMT NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
19/02/2015
Consolidated balance sheet of the Eurosystem as at 31 December 2014ENGLISHOTHER LANGUAGES (22) + Select your language БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV MaltiMT NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
18/02/2015
Letter from the ECB President to Mr Miguel Viegas, MEP, on monetary policyENGLISHOTHER LANGUAGES (1) + Select your language PortuguêsPT
18/02/2015
Letter from the ECB President to Mr Matt Carthy, MEP, on several aspects of the Irish adjustment programmeENGLISH
18/02/2015
Letter from the ECB President to Mr Jonás Fernández, MEP, on monetary policyENGLISH
18/02/2015
Letter from the ECB President to Mr Kostas Chrysogonos , MEP, on monetary policyENGLISHOTHER LANGUAGES (1) + Select your language EλληνικάEL
18/02/2015
Letter from the ECB President to Mr Dimitrios Papadimoulis, MEP, on institutional mattersENGLISHOTHER LANGUAGES (1) + Select your language EλληνικάEL
12/02/2015
Working paper no. 1759: Corporate Debt Structure and the Financial CrisisENGLISH
12/02/2015
Working paper no. 1758: Leading indicators of systemic banking crises: Finland in a panel of EU countriesENGLISH
10/02/2015
Working paper no. 1757: Efficiency, Inefficiency and the MENA FrontierENGLISH
06/02/2015
Occasional paper no. 160: The four unions "PIE" on the Monetary Union "CHERRY": a new index of European Institutional IntegrationENGLISH EURII ScoreboardENGLISH
06/02/2015
Occasional paper no. 159: Comparisons and contrasts of the impact of the crisis on euro area labour marketsENGLISH
05/02/2015
Flexibility within the Stability and Growth PactENGLISH Economic Bulletin Issue 1, 2015
05/02/2015
Trends in profit margins of euro area non-financial corporationsENGLISH Economic Bulletin Issue 1, 2015
05/02/2015
The recent oil price decline and the euro area economic outlookENGLISH Economic Bulletin Issue 1, 2015
05/02/2015
Recent developments in the labour force participation rate in the euro areaENGLISH Economic Bulletin Issue 1, 2015
05/02/2015
Lithuania adopts the euroENGLISH Economic Bulletin Issue 1, 2015
05/02/2015
The outlook for China's economy: risks, reforms and challengesENGLISH Economic Bulletin Issue 1, 2015
05/02/2015
The Governing Council's expanded asset purchase programmeENGLISH Economic Bulletin Issue 1, 2015
05/02/2015
Economic Bulletin Issue 1, 2015ENGLISH ENGLISH
04/02/2015
Grocery prices in the euro area: findings from the analysis of a disaggregated price datasetENGLISH Economic Bulletin Issue 1, 2015
03/02/2015
Focus: Recent developments in the labour force participation rate in the euro areaENGLISH Economic Bulletin Issue 1, 2015
30/01/2015
Occasional paper no. 158: IMF Surveillance in EuropeENGLISH
26/01/2015
Letter from the ECB President to Mr Kostas Chrysogonos, MEP, on certain aspects of the macroeconomic adjustment programme in GreeceENGLISHOTHER LANGUAGES (1) + Select your language EλληνικάEL
23/01/2015
The ECB Survey of Professional Forecasters (SPF) - First Quarter of 2015ENGLISH
14/01/2015
Letter from the ECB President to Mr Kostas Chrysogonos , MEPENGLISHOTHER LANGUAGES (1) + Select your language EλληνικάEL
14/01/2015
Letter from the ECB President to Mr Dimitrios Papadimoulis, MEPENGLISHOTHER LANGUAGES (1) + Select your language EλληνικάEL
14/01/2015
Letter from the ECB President to Mr Gianluca Buonanno , MEP, on financial regulationENGLISHOTHER LANGUAGES (1) + Select your language ItalianoIT
08/01/2015
Letter from the ECB President to Mr Marco Valli and Mr Marco Zanni, MEP, on the targeted longer-term refinancing operationsENGLISHOTHER LANGUAGES (1) + Select your language ItalianoIT
08/01/2015
Letter from the ECB President to Mr Luke Ming Flanagan, MEP, on monetary policyENGLISH
08/01/2015
Letter from the ECB President to Mr Marco Valli and Mr Marco Zanni, MEP, on fiscal and monetary policiesENGLISHOTHER LANGUAGES (1) + Select your language ItalianoIT
01/01/2015
The euro area bank lending surveyENGLISH
01/01/2015
CCBM information for counterparties – summary of legal instruments used in the euro areaENGLISH
01/01/2015
CCBM procedures for Eurosystem counterpartiesENGLISH

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