Welcome to SUERF - The European Money and Finance Forum

Upcoming Webinars

Central bank independence, inflation and crises: what interactions? / 13 Jun, 2022 15:00 - 16:30 CET (UTC+01:00) /

Past webinars

Key takeaways from the ECB’s new Financial Stability Review / 25 May, 2022 14:30 - 15:45 CET (UTC+01:00) /

Conceptions of Money in the Digital Age / 30 Mar, 2022 14:30 - 16:00 CET (UTC+01:00) /

Fixed Income Market Liquidity: Where do we stand? / 03 Mar, 2022 15:00 - 16:30 CET (UTC+01:00) /

Sovereign Domestic Debt Restructuring: Handle with Care / 23 Feb, 2022 15:00 - 16:30 CET (UTC+01:00) /

The digital euro: policy implications and perspectives / 16 Feb, 2022 15:00 - 16:00 CET (UTC+01:00) /

Climate-related risks: A financial stability angle for Europe / 15 Feb, 2022 15:00 - 16:30 CET (UTC+01:00) /

SME Financing: Key findings from the EIF’s new "European Small Business Finance Outlook 2021" / 09 Dec, 2021 13:30 - 15:00 CET (UTC+01:00) /

“Monetary Policy in Times of Crisis – A Tale of Two Decades of the European Central Bank” / 26 Nov, 2021 14:00 - 15:30 CET (UTC+01:00) /

Key takeaways from the ECB’s new Financial Stability Review / 17 Nov, 2021 15:00 - 16:15 CET (UTC+01:00) /

The Resilient Society: European Perspectives / 15 Nov, 2021 15:00 - 16:30 CET (UTC+01:00) /

Covid-19 and Climate Transition: The role of creative destruction / 07 Sep, 2021 15:00 - 16:30 CET (UTC+01:00) /

Brick by Brick: Building Better Housing Policies / 28 Jun, 2021 10:30 - 12:00 CET (UTC+01:00) /

The international role of the euro – state of play, drivers, prospects / 14 Jun, 2021 14:00 - 15:30 CET (UTC+01:00) /

Fiscal and Monetary Policy Interactions / 26 May, 2021 15:00 - 16:30 CET (UTC+01:00) /

Key takeaways from the ECB’s new Financial Stability Review / 19 May, 2021 15:00 - 16:15 CET (UTC+01:00) /

Negative Interest Rates: Effectiveness and Side Effects – Taking Stock / 06 May, 2021 15:00 - 16:15 CET (UTC+01:00) /

CBDC: State of play, challenges, open issues / 04 Dec, 2020 14:00 - 15:30 CET (UTC+01:00) /

Key takeaways from the ECB’s new Financial Stability Review / 25 Nov, 2020 15:30 - 16:45 CET (UTC+01:00) /

The surge of gold / 01 Oct, 2020 15:00 - 17:30 CET (UTC+01:00) /

Fireside chat: Economic outlook, the ECB’s monetary policy, and financial market implications / 14 Sep, 2020 15:30 - 17:00 CET (UTC+01:00) /

Economic Forecasting during and after corona / 10 Sep, 2020 16:00 - 17:30 CET (UTC+01:00) /

Libra 2.0 – What does it mean for monetary policy and financial stability? / 31 Aug, 2020 16:30 - 17:30 CET (UTC+01:00) /

In the face of an unexpected adversary: The crucial role for central banks / 10 Jul, 2020 10:00 - 11:15 CET (UTC+01:00) /

Radical Uncertainty: Decision-making for an unknowable future - Book presentation and discussion / 02 Jul, 2020 16:00 - 17:00 CET (UTC+01:00) /

A New Vision for Europe’s Capital Markets - Presentation and Discussion of the Final Report of the High Level Forum on the CMU / 29 Jun, 2020 16:00 - 17:15 CET (UTC+01:00) /

The International Role of the Euro: has COVID-19 affected the outlook? / 16 Jun, 2020 16:00 - 17:15 CET (UTC+01:00) /

The Karlsruhe ruling: implications and the way forward? / 03 Jun, 2020 16:00 - 17:00 CET (UTC+01:00) /

Key takeaways from the ECB’s new Financial Stability Review / 28 May, 2020 16:00 - 17:00 CET (UTC+01:00) /

Optimal Timing of Policy Interventions in Troubled Banks / Philipp König, Paul Mayer, David Pothier

Does own wealth and wealth of others matter for life satisfaction? / Antje Jantsch, Julia Le Blanc,Tobias Schmidt

Mortgage debt relief after economic shocks: lessons from the pandemic / Edward Gaffney, Fergal McCann, Johannes Stroebel

Does it matter that households disagree about inflation? / Alistair Macaulay

Who comes after us? The correct mindset for designing a Central Bank Digital Currency / Antoine d’Aligny, Emmanuel Benoist, Florian Dold, Christian Grothoff, Özgür Kesim, Martin Schanzenbach

BUSINESS RESILIENCE IN THE PANDEMIC AND BEYOND: Adaptation, innovation, financing and climate action from Eastern Europe to Central Asia / Luca Gattini, Rozália Pál, Helena Schweiger, Laura Valderrama

Macroeconomic Implications and Differences of Oil and Gas Price Shocks / Thomas Zörner, Nico Petz

The local presence of global banks / Iñaki Aldasoro, John Caparusso, Yingyuan Chen

Monitoring Narratives: an Application to the Equity Market / Pascal Blanqué, Mohamed Ben Slimane, Amina Cherief, Théo Le Guenedal, Takaya Sekine, Lauren Stagnol

The effect of introducing a Loan-to-Value limit on homeownership / Cindy Biesenbeek, Mauro Mastrogiacomo, Rob Alessie, Jakob de Haan

Analysis of ESG disclosures in Pillar 3 reports. A text mining approach / Angel Iván Moreno, Teresa Caminero García

Caution: Do not cross! Distance to regulatory capital buffers and lending in Covid-19 times / Cyril Couaillier, Marco Lo Duca, Alessio Reghezza, Costanza Rodriguez d’Acri

How to regulate crypto currencies / Eduard de Jong

What business model for the Digital Euro? Lessons from Brazil and Switzerland / Peter Bofinger, Thomas Haas

More than an intellectual game: Exploring the monetary policy and financial stability implications of central bank digital currencies / Fabio Panetta

Digital payment behaviour differs significantly across countries / Jakob Mølgaard Heisel, Marcus Clausen Brock

Ideology and Monetary Policy: The role of political parties’ stances in the ECB’s parliamentary hearings / Nicolò Fraccaroli, Alessandro Giovannini, Jean-François Jamet, Eric Persson

Under Pressure: Credibility of Monetary Policy / Antoine Camous, Dmitry Matveev

The impact of QE on sovereign risk / Dirk Broeders, Leo de Haan, Jan Willem van den End

Climate Change and Individual Behavior / René Bernard, Panagiota Tzamourani, Michael Weber

Uncertainty shocks and the monetary-macroprudential policy mix / Valeriu Nalban, Andra Smădu

Is Super-Active Fiscal Policy Desirable? / Roberto M. Billi, Carl E. Walsh

Trends in Monetary Policy Transparency Around the World / Nergiz Dincer, Barry Eichengreen, Petra Geraats

Would a retail CBDC achieve its intended purpose? / Romain Baeriswyl, Samuel Reynard, Alexandre Swoboda

Balancing public and private interests: Crypto, stablecoin and central bank digital currency / Wilko Bolt, Vera Lubbersen, Peter Wierts

Stylised facts on debt and financial crisis / Pedro Duarte Neves

Global Banking, Regulatory Spillovers, and the Benefits of Macroprudential Policy Coordination / Pierre-Richard Agénor, Timothy P Jackson, Luiz A Pereira da Silva

Time for a circular business cycle clock / Nuno Lourenço, António Rua

How do carbon prices spillover along global production networks? / Ivan Frankovic

Evidence on financial literacy and financial inclusion in Albania / Elona Dushku

Robert Triffin and the search for Asian Monetary Union / Ivo Maes, Ilaria Pasotti

Who owns banks? The household-bank nexus and its implications for bank stock prices / Matías Lamas, David Martinez-Miera

Private Debt for SMEs – Market Overview / Helmut Kraemer-Eis, Jörn Block, Antonia Botsari, Salome Gvetadze, Frank Lang, Carlos Krause, Alexandra Moritz, Anna Schulze

From open banking to open finance / Denis Beau

The return of inflation / Agustín Carstens

Household Uncertainty and Inflation / Gene Ambrocio

Making Sense of Consumers’ Inflation Expectations / Lovisa Reiche, Aidan Meyler, Christian Gayer

Insurers’ investments before and after the COVID-19 outbreak / Federico Apicella, Raffaele Gallo, Giovanni Guazzarotti

The low-carbon transition, climate commitments and firm credit risk / Sante Carbone, Margherita Giuzio, Sujit Kapadia, Johannes Sebastian Krämer, Ken Nyholm, Katia Vozian

Investor demand in syndicated bond issuances: stylised facts / Martin Hillebrand, Marko Mravlak, Peter Schwendner

On the Welfare Effects of Using Energy and Emissions Taxes to Finance a Labour Tax Reduction in a Multi-sector DSGE Model / Natascha Hinterlang, Anika Martin, Oke Röhe, Nikolai Stähler, Johannes Strobel

ECB Communication and its Impact on Financial Markets / Klodiana Istrefi, Florens Odendahl, Giulia Sestieri

Is There Financial Exclusion when Official Lenders Are Considered? / María Bru Muñoz

Mind the gap: The widening post-pandemic gender divide / Joyce Chang, Amy Ho

Financing Faster Growth For Europe’s SMEs / Sylvain Broyer, Sarah Limbach, Cihan Duran

Financial stability and crypto-assets / Pablo Hernández de Cos

Rising rent burdens following distorting investment incentives – The effects of rent controls in Germany / Vera Baye, Valeriya Dinger

Optimal Monetary Policy and Capital Misallocation / Beatriz González, Galo Nuño, Dominik Thaler, Silvia Albrizio

Is the ECB applying lessons from the past? / Anselm Küsters

Household saving and fiscal policy: Evidence for the euro area from a thick modelling perspective / Cristina Checherita-Westphal, Marcel Stechert

When domestic and foreign QE overlap / Paola Di Casola, Pär Stockhammar

Will the supply-driven oil price shock unanchor inflation expectations? / Matthew Luzzetti, Brett Ryan, Justin Weidner, Amy Yang

Covid-19 government subsidies and their implications for pandemic labour productivity / Tommaso Bighelli, Tibor Lalinsky, Juuso Vanhala

Central banks’ in-house credit assessment systems – supporting the Eurosystem’s response to the pandemic and its climate change action plan / Aviram Levy, Florian Resch, Anna Maria Rossi, Stephan Sauer

The political economy of reforms in central bank design / Davide Romelli

How do Asian central banks use big data? Insights from an Irving Fisher Committee survey / Giulio Cornelli, Sebastian Doerr, Leonardo Gambacorta, Bruno Tissot

Preparing for the Financial System of the Future / Lael Brainard

CBDC and the international position of the euro / Wim Boonstra

Tax Race to the Bottom Harms Location Attractiveness of Western Europe / Leonie Fischer, Jost H. Heckemeyer, Christoph Spengel, Daniela Steinbrenner

The role of systemic risk spillovers in the transmission of Euro Area monetary policy / Alexandros Skouralis

The Political Economy of Currency Unions / Kai Arvai

Should monetary finance remain taboo? / Itai Agur, Damien Capelle, Giovanni Dell’Ariccia, Damiano Sandri

The pressing need to reform the European crisis management framework / Fernando Restoy

Crisis-tested Europe – Solidarity with Ukraine spurs European identity / Heinz Handler

Economists: not enough transparency? Evidence from a reproducibility exercise of a top economic journal / Sylvérie Herbert, Hautahi Kingi, Flavio Stanchi, Lars Vilhuber

The implications of demographics, pension systems, and migration for monetary policy / Marcin Bielecki, Michał Brzoza-Brzezina, Marcin Kolasa

Private and Public Debt: Some Implications on Economic Growth / Patrizio Morganti

Why the impact of the health crisis in 2020 was uneven across the euro area economies? / Ángel Luis Gómez, Ana del Río

Towards a single operational indicator in the SGP – A look at the properties of the current expenditure benchmark / Nicholai Benalal, Maximilian Freier, Wim Melyn, Stefan Van Parys, Lukas Reiss

House Prices and Misallocation: The Impact of the Collateral Channel on Productivity / Sergi Basco, David Lopez-Rodriguez, Enrique Moral-Benito

Don’t trust the (inflation) process / Bruce Kasman

Lessons from estimating the average option-implied volatility term-structure for the Spanish banking sector / Maria T. Gonzalez-Perez

GDP-linked bonds and the fear of ambiguity / Deniz Igan, Taehoon Kim, Antoine Levy

Are complex banking groups riskier? / Isabel Argimón, María Rodríguez-Moreno

Brexit: Trade diversion due to trade policy uncertainty / Eduardo Gutiérrez, Aitor Lacuesta, César Martín-Machuca

The Political Phillips Curve in the Euro Area: Parliamentary Voice on ECB Monetary Policy / Federico M. Ferrara, Donato Masciandaro, Manuela Moschella, Davide Romelli

Money and psychology of inflation: an investor view / Pascal Blanqué

Does polarization have economic effects? It does on economic expectations / Luis Guirola

The COVID Non-Performing Loan ’Tsunami’ that Never Happened and How to Avoid it Now / Reiner Martin, Piroska Nagy-Mohacsi, Elina Ribakova, Jonathan M. Fortun Vargas

The effectiveness of ECB euro liquidity lines: spillovers and spillbacks / Silvia Albrizio, Iván Kataryniuk, Luis Molina, Jan Schäfer

Regulating big tech in the public interest / Agustín Carstens

Revisiting the Properties of Money / Isaiah Hull, Or Sattath

Austrian conceptions of money and the rise of digital currency / Michael Peneder

Global models for a global pandemic: the impact of COVID-19 on small euro area economies / Pablo Garcia, Pascal Jacquinot, Črt Lenarčič, Matija Lozej, Kostas Mavromatis

Including inflation expectations helps to improve inflation forecasts of econometric models / Marta Bańbura, Danilo Leiva-León, Jan-Oliver Menz

Population ageing and the digital divide / Sebastian Doerr, Jon Frost, Leonardo Gambacorta, Han Qiu

Recovery as a springboard for change / Debora Revoltella, Tessa Bending, Atanas Kolev

Monetary policy and the green transition / Lena Boneva, Gianluigi Ferrucci, Francesco Paolo Mongelli

High earners in the European banking sector / Emma-Faye Dertnig, Jakob Hanzl, Mario Hübler, Christoph Prenner

Pledge or pretext? Lessons from the Fiscal Compact / Martin Larch, Matthias Busse, László Jankovics

Feeling the Heat? – Assessing Labor Shortages in the Euro area / Paul Ramskogler

Has the Impact of the ECB’s Asset Purchases Diminished Over Time? / Andrejs Zlobins

Why disinflation can be more costly in a small open economy than in a closed economy / Oleksandr Faryna, Magnus Jonsson, Nadiia Shapovalenko

Pitfalls of Inflation Tolerance Ranges / Hervé Le Bihan, Magali Marx, Julien Matheron

Choosing the European fiscal rule / Ginters Bušs, Patrick Grüning, Oļegs Tkačevs

Firm financing and public liquidity measures during the pandemic / Ida Rommedahl Julin, Andreas Kuchler, Alexander Meldgaard Otte

Credit Constrained Firms and Government Subsidies: Evidence from a European Union Program / Tirupam Goel, Péter Lang, Eszter Balogh, Ádám Banai, Martin Stancsics, Előd Takáts, Álmos Telegdy

How to analyse monetary policy transmission and inequality in a three-agent model (THRANK) / Maria Eskelinen

Why have interest rates fallen far below the return on capital? / Magali Marx, Benoît Mojon, François R. Velde

Why do households save? / Sami Oinonen, Matti Viren

Operating leverage and its importance during the Covid-19 pandemic / Katharina Allinger, Ivan Huljak

Climate actions and macro-financial stability: The role of central banks / Francesca Diluiso, Barbara Annicchiarico, Matthias Kalkuhl, Jan. C. Minx

Monetary Policy in a World of Radical Uncertainty / Mervyn King

The encrypted threat: Bitcoin’s social cost and regulatory responses / Ulrich Bindseil, Patrick Papsdorf, Jürgen Schaaf

What explains the emergence and diffusion of climate-related financial policies in G20 countries? / Paola D’Orazio

Money market funds in the euro area: Vulnerabilities and the role of macroprudential policy / Tom Hudepohl, Jeroen Huiting, Annelie Petersen

Determinants of the credit cycle: a flow analysis of the extensive margin / Vincenzo Cuciniello, Nicola di Iasio

Have Bail-in Policies Reduced Too-Big-To-Fail Expectations? Evidence from the European Overnight Interbank Market / Eero Tölö, Esa Jokivuolle, Matti Virén

Big techs in finance: a new trade-off between efficiency and privacy / Frederic Boissay, Torsten Ehlers, Leonardo Gambacorta, Hyun Song Shin

Monetary and fiscal complementarity in the Covid-19 pandemic / Jagjit S Chadha, Luisa Corrado, Jack Meaning, Tobias Schuler

Mortgage and real estate markets: Current developments pose risks to financial stability / Fritz Zurbrügg

Identifying lessons from the current crisis for the prudential framework of the banking system / Pablo Hernández de Cos

Africa and COVID-19: Can the financial sector stay on course for a green and digital future? / Debora Revoltella, Claudio Cali, Barbara Marchitto, Nina Fenton, Ricardo Santos

Bridge over troubled water? The effectiveness of macroprudential policy during the Covid-19 pandemic in Portugal / Katja Neugebauer, Vítor Oliveira, Ângelo Ramos

Public trust only partly immune to COVID-19 pandemic / Carin van der Cruijsen, Jakob de Haan, Nicole Jonker

How to set Cyclical and Structural capital buffers via Stress tests? A Risk-to-Buffer approach / Cyril Couaillier, Valerio Scalone

Switching-track after the Great Recession / Francesca Vinci, Omar Licandro

The Macroeconomic Impact of Euro Area Labor Market Reforms / Gerhard Rünstler

Crises as a catalyst for change – lessons from the past, challenges for the future / Jens Weidmann

The Role of Contact Tracing in the Long Pandemic War / Leonardo Melosi, Matthias Rottner

Mutual funds’ loyalty helped to stabilize ESG stocks during the COVID-19 market crash / Rui Albuquerque, Yrjo Koskinen, Raffaele Santioni

The European CBAM as a first step towards a globally coordinated climate policy / Daniel Römer, Milena Schwarz

The Leverage Effect of Bank Disclosures / Philipp J. König, Christian Laux, David Pothier

The importance of Private Equity and Venture Capital financing for Greentech companies in Europe / Helmut Kraemer-Eis, Antonia Botsari, Salome Gvetadze, Frank Lang, Wouter Torfs

Business Dynamism, Sectoral Reallocation and Productivity in a Pandemic / Guido Ascari, Andrea Colciago, Riccardo Silvestrini

Does competition reduce agency problems within banks? / Mattia Girotti, Federica Salvadè

How to steer interest rates in negative territory? An analysis of reserve tiering and interbank market activity / Lucas Marc Fuhrer, Matthias Jüttner, Jan Wrampelmeyer, Matthias Zwicker

Does one (unconventional) size fit all? Effects of the ECB’s unconventional monetary policies on the euro area economies / Maria Sole Pagliari

Optimism is bad for fiscal outcomes / Martin Larch, Janis Malzubris, Matthias Busse

Caveat Emptor / José María Roldán

Central banks on social media – the reception of ECB communication among experts and non-experts on Twitter / Michael Ehrmann, Alena Wabitsch

A Multi-level Network Approach to Spillovers Analysis: An Application to the Maltese Domestic Investment Funds Sector / Francesco Meglioli, Stephanie Gauci

Temporary panic or fundamental change in payment habits in Europe? Lesson from COVID-19 pandemic shift towards cashless payments / Michal Polasik, Radoslaw Kotkowski

Earnings expectations signal a heterogenous recovery after COVID-19 / Joost Bats, William Greif, Daniel Kapp

The effect of monetary policy on stock market valuation is maybe not what you think / Olli-Matti Laine

Did liquidity limits amplify money market fund redemptions during the COVID crisis? / Peter Dunne, Raffaele Giuliana

Benefits of internationalisation for acquirers and targets – but unevenly distributed / Rainer Frey, Stefan Goldbach

Population aging and the persistence of three key global trends / Andrea Papetti

Does the shadow economy explain household saving? / Sami Oinonen, Matti Viren

A taxonomy of sustainable finance taxonomies / Torsten Ehlers, Diwen Gao, Frank Packer

Central Bank Digital Currencies, Crypto Currencies, and Anonymity: Economics and Experiments / Emanuele Borgonovo, Stefano Caselli, Alessandra Cillo, Donato Masciandaro, Giovanni Rabitti

External Costs of Freight Transport – Relevance and Implications of Internalisation at the European Level / Elisabeth Christen, Bettina Meinhart, Franz Sinabell, Gerhard Streicher

Consumption and service sector key factors in the COVID-19 trade collapse / Heli Simola

How do banks propagate economic shocks? / Yusuf Emre Akgündüz, Seyit Mümin Cılasun, H. Özlem Dursun-de Neef, Yavuz Selim Hacıhasanoğlu, İbrahim Yarba

When the panic broke out: Covid-19 and investment funds’ portfolio rebalancing around the world / Massimiliano Affinito, Raffaele Santioni

How Pandemics Affect the Financial System: Fintech Adoption, and the Digital Divide / Orkun Saka, Barry Eichengreen, Cevat Giray Aksoy

Employment Composition Matters for the slope of the Phillips Curve / Daniele Siena, Riccardo Zago

Monetary policy strategies in the New Normal: A model-based analysis for the euro area / Fabio Busetti, Stefano Neri, Alessandro Notarpietro, Massimiliano Pisani

How do Loan-to-Value Caps Impact Bank Lending and Credit Spillover? / Selva Bahar Baziki, Tanju Çapacıoğlu

The role of prudential policy in addressing climate change / Fernando Restoy

Private equity buyouts and firm exports: Evidence from UK firms / Paul Lavery, Jose-Maria Serena, Marina-Eliza Spaliara, Serafeim Tsoukas

Technical barriers to trade play the most important role in trade of goods in information and communications technology / Mahdi Ghodsi

Exploring DORA - the Digital Operational Resilience Act and its impact on banks and their supervisors / Joachim Wuermeling

The one trillion euro CBDC: Issuing a digital euro without disrupting the bank lending channel / Paolo Fegatelli

Human Frictions in the Transmission of Economic Policy / Francesco D’Acunto, Daniel Hoang, Maritta Paloviita, Michael Weber

The Rise in Foreign Currency Bonds: The Role of US Monetary Policy and Capital Controls / Philippe Bacchetta, Rachel Cordonier, Ouarda Merrouche

Cost-Benefit Analysis of Borrower-Based Measures in Slovakia / Martin Cesnak, Ján Klacso, Roman Vasiľ

Mind the promotional gap! Climate-related financial policies and institutional dynamics / Moritz Baer, Emanuele Campiglio, Jérôme Deyris

Combining negative rates, forward guidance and asset purchases: Identification and impacts of the ECB’s unconventional policies / Massimo Rostagno, Carlo Altavilla, Giacomo Carboni, Wolfgang Lemke, Roberto Motto, Arthur Saint Guilhem

The reform of the EU’s fiscal governance framework in a new macroeconomic environment / Mario Alloza, Javier Andrés, Pablo Burriel, Iván Kataryniuk, Javier J. Pérez, Juan Luis Vega

Revisiting the link between government debt and sovereign interest rates in the euro area / Stéphanie Pamies, Nicolas Carnot, Anda Pătărău

Basel III implementation in the European Union / Pablo Hernández de Cos

The highly heterogeneous impact of the Covid-19 crisis on French firms / Benjamin Bureau, Anne Duquerroy, Julien Giorgi, Mathias Lé, Suzanne Scott, Frédéric Vinas

The impact of macroprudential policies on capital flows in CESEE / Markus Eller, Niko Hauzenberger, Florian Huber, Helene Schuberth, Lukas Vashold

Why did the pass-through from labor cost to price inflation decline in the US? / Elena Bobeica, Matteo Ciccarelli, Isabel Vansteenkiste

How to Design a CBDC? Remuneration, Collateral Haircuts and Quantity Constraints / Katrin Assenmacher, Aleksander Berentsen, Claus Brand, Nora Lamersdorf

Negative interest rates and the erosion of banks’ interest margins / Jorien Freriks, Jan Kakes

Is window dressing by banks systemically important? / Luis Garcia, Ulf Lewrick, Taja Sečnik

The impact of COVID-19 on analysts’ sentiment about the banking sector / Alicia Aguilar, Diego Torres

The effect of Eurosystem asset purchase programmes on euro area sovereign bond yields during the COVID-19 pandemic / George Hondroyiannis, Dimitrios Papaoikonomou

Optimal Robust Monetary Policy with Parameters and Output Gap Uncertainty / Adriana Grasso, Guido Traficante

Macroeconomic stabilisation in the presence of the effective lower bound: the case of the euro area / Günter Coenen, Carlos Montes-Galdón, Sebastian Schmidt

Systemic Implications of the Bail-in Design: A Precis of our Main Text / J. Doyne Farmer, Charles Goodhart, Alissa M. Kleinnijenhuis

The Effects of Fiscal Policy when Planning Horizons are Finite / Joep Lustenhouwer, Kostas Mavromatis

How do real and monetary integrations affect inflation dynamics in Turkey? / Hülya Saygılı

The Path to Euro Area and Banking Union Membership: Assessing the Incentives for “Close Cooperation” and Adherence to the Exchange Rate Mechanism II / Maria J. Nieto, Dalvinder Singh

Can policy boost the international role of currencies? Lessons from international trade invoicing / Georgios Georgiadis, Helena Le Mezo, Arnaud Mehl, Cédric Tille

Prudential responses to COVID-19 in G20 countries: a missed opportunity to enhance "green" financial policy and regulations? / Paola D’Orazio

The grocery trolley race in times of Covid-19. Evidence from Italy / Emanuela Ciapanna, Gabriele Rovigatti

Frozen markets: Iceland’s experience with capital controls / Francis Breedon, Thórarinn G. Pétursson, Paolo Vitale

Central bank’s financial result and inter-sectoral transfers of benefits / Krzysztof Kruszewski, Mikołaj Szadkowski

The FX Global Code / Guy Debelle

Ultra low interest rates from the perspective of a central banker / Lars Rohde

Navigating by r*: safe or hazardous? / Claudio Borio

A liquidity risk early warning indicator for Italian banks: a machine learning approach / Maria Ludovica Drudi, Stefano Nobili

Sovereign CDS Volatility as an Indicator of Economic Uncertainty / Maximilian Böck, Martin Feldkircher, Burkhard Raunig

The relevance of trade policy: Evidence from the 19th century / Jacopo Timini

Contagious Zombies / Christian Bittner, Falko Fecht, Co-Pierre Georg

Fiscal-Monetary Crosswinds in the Euro Area / Lucrezia Reichlin, Giovanni Ricco, Matthieu Tarbé

Raising r*: Why, how, and if not now, when? / Robert Holzmann, Maria T. Valderrama

Forging the Future of Monetary Union – taking stock and looking forward / Markus Rodlauer, Rolf Strauch

Labor adjustment and productivity dynamics: cross-country evidence and policy implications / Maarten Dossche, Andrea Gazzani, Vivien Lewis

Does the ECB’s monetary policy react to the balance of risks? / Philippine Cour-Thimann, Alexander Jung

The Liquidity of the Government Bond Market – What Impact Does Quantitative Easing Have? Evidence from Sweden / Marianna Blix Grimaldi, Alberto Crosta, Dong Zhang

Low-for-ultra-long policy will not be enough for Japan / Hiroshi Ugai

An export supply channel of exchange rates / Erik Frohm

Central banks as bank supervisors: how does this double role affect their inflation outcomes? / Vasco Gabriel, Ioannis Lazopoulos, Diana Lima

Curb your enthusiasm: the aggregate short-run effects of a borrower-based measure / Joana Passinhas, Daniel Abreu

Pension funds’ portfolio choices and investment beliefs / Dirk Broeders, Kristy Jansen

Recycling carbon tax revenues / Ángel Estrada, Daniel Santabárbara

Monetary Gold and Central Bank Capital / Kenneth Sullivan

Limits of stress-test based bank regulation / Tirupam Goel, Isha Agarwal

Record global FX reserves after COVID shock / Michael S Hanson

Assessment of the effectiveness of the macroprudential measures implemented in the context of the Covid-19 pandemic / Lucas Avezum, Vítor Oliveira, Diogo Serra

Banks Fearing the Drought? Liquidity Hoarding as a Response to Idiosyncratic Interbank Funding Dry-Ups / Helge C.N. Littke, Matias Ossandon Busch

Heterogeneous firm-level impact and responses to the COVID-19 crisis / Alejandro Fernández-Cerezo, Beatriz González, Mario Izquierdo, Enrique Moral-Benito

The Natural Interest Rate in China / SUN Guofeng, Daniel M Rees

Banks’ complexity-risk nexus and the role of regulation / Natalya Martynova, Ursula Vogel

Have scale effects on cost margins of pension fund investment portfolios disappeared? / Jacob A. Bikker, Jeroen J. Meringa

On the Effectiveness of Macroprudential Policy / Miguel Ampudia, Marco Lo Duca, Mátyás Farkas, Gabriel Perez Quiros, Mara Pirovano, Gerhard Rünstler, Eugen Tereanu

Bank pricing of corporate loans / Márcio Mateus, Tiago Pinheiro

Covid-19 and Capital Flows: The Responses of Investors to the Responses of Governments / Stefan Goldbach, Volker Nitsch

More aware societies suffered less from Covid-19 / Alejandro Buesa, Javier J. Pérez, Daniel Santabárbara

The anatomy of bond ETF arbitrage / Karamfil Todorov

Can Internet banking affect households’ participation in financial markets and financial awareness? / Valentina Michelangeli, Eliana Viviano

What’s the Message? Interpreting Monetary Policy Through Central Bankers’ Speeches / Martin Feldkircher, Paul Hofmarcher, Pierre Siklos

Patchy data is a good start: from Kuznets and Clark to supervisors and climate / Frank Elderson

No country is an island: International cooperation and climate change / Massimo Ferrari, Maria Sole Pagliari

Digital euro has potential in the Netherlands / Michiel Bijlsma, Carin van der Cruijsen, Nicole Jonker and Jelmer Reijerink

Regulation of crypto-assets is a must for governments and central banks / Daniel Daianu

The role of information channels and experience for households’ inflation expectations / Christian Conrad, Zeno Enders and Alexander Glas

Green Liquidity Moves Mainstream / Patrick Drury Byrne, Sandeep Chana and Sylvain Broyer

Proportionality in banking regulation: who, what and how? / Raihan Zamil

Digital payments and European sovereignty / Burkhard Balz

Roads for the future: Central Bank Digital Currency (CBDC) and Innovative Payments / François Villeroy de Galhau

It’s in the Tails: The Distributional Income Effects of Monetary Policy / Niklas Amberg, Thomas Jansson, Mathias Klein and Anna Rogantini Picco

A quantitative analysis of the countercyclical capital buffer / Miguel Faria e Castro

The dynamics of macroeconomic downside risk / By Davide Delle Monache, Andrea De Polis and Ivan Petrella

Consumption patterns in Italy during COVID-19 / Elisa Guglielminetti and Concetta Rondinelli

Some warning signals about average inflation targeting / Seppo Honkapohja, Nigel McClung

How green is your budget? Green budgeting practices in the EU / Elva Bova

Consistent recovery and resolution of small and large banks in Europe / Anne Dyrberg Rommer, Louise Kleiner

Three questions on the outlook for banking / Carolyn Rogers

Euro area equity risk premia and monetary policy / Daniel Kapp, Kristian Loft Kristiansen

What does “below, but close to, two per cent” mean? Assessing the ECB’s reaction function with real time data / Maritta Paloviita, Markus Haavio, Pirkka Jalasjoki, Juha Kilponen

Liquidity in the German corporate bond market: has the CSPP made a difference? / Kathi Schlepper

Future Challenges: Old Problems in New Shapes / José María Roldán

Evidence of a macroeconomic reversal rate / Paul Konietschke, Anna Samarina, Irina Stanga, Jan Willem van den End

Euro area portfolio flows in 2020: the impact of the Covid-19 crisis / Julia Schmidt, Olivier Sirello

Investment funds, monetary policy, and the global financial cycle / Christoph Kaufmann

Gender, women economic concerns and monetary policy decision-making / Sylvie Goulard

How well are consumers’ inflation expectations anchored to the ECB’s inflation aim? / Gabriele Galati, Richhild Moessner, Maarten van Rooij

Effects of a European Unemployment Benefit Scheme on consumption risk sharing and production efficiency / Zeno Enders, David Vespermann

Nearshoring Perspectives after COVID-19: Can Western Balkans Benefit? / Branimir Jovanovic, Mahdi Ghodsi

Women and Monetary Policy / Paola Profeta

Intergenerational macroeconomics / Gabriel Makhlouf

The Future of Bitcoin / Wim Boonstra

Monetary policy surprises trigger different responses in the housing market across European regions / Winfried Koeniger, Benedikt Lennartz, Marc-Antoine Ramelet

Global Financial Uncertainty: Does it Matter for the Global Business Cycle? / Giovanni Caggiano, Efrem Castelnuovo

Five stylized facts on the Great Lockdown / Francesco Grigoli, Daniel Leigh, and Antonio Spilimbergo

Barriers to net zero: How firms can make or break the green transition / Ralph De Haas, Ralf Martin, Mirabelle Muûls, Helena Schweiger

How climate protection adds to inflation / Jörg Krämer, Ralph Solveen

What is the true resilience of our financial systems to climate change with the buffers we currently have? / Alejandro Díaz de León

Six ways to bring inflation (expectations) up / Ernest Gnan

The reduction in homeownership rates for the young / Gonzalo Paz-Pardo

Regulating liquidity risk in mutual funds / Dominic Cucic

The euro area sovereign debt markets in the crisis: role and impact on financial stability perspectives / Denis Beau

Not alone: Financial support of the Western Balkans / Mauro Giorgio Marrano

Understanding the financial risks of nature loss: exploring policy options for financial authorities / Katie Kedward, Josh Ryan-Collins, Hugues Chenet

How to issue a privacy-preserving central bank digital currency / Christian Grothoff, Thomas Moser

The economics of interest rates and population growth / Jesse Edgerton

Fund Cross-Holdings and Financial Stability / Daniel Fricke, Hannes Wilke

A rising core lifts all baskets / Bruce Kasman, Joseph Lupton, Michael S Hanson

Global vulnerabilities to the COVID-19 variant B.1.617.2 / David Mackie

Quantifying bias and inaccuracy of upper-level aggregation in Harmonised Index of Consumer Prices for Germany and the euro area / By Thomas Knetsch, Julika Herzberg , Patrick Schwind and Sebastian Weinand

Can central bank communication help to stabilise inflation expectations? / Alexander Jung, Patrick Kuehl

Building a more effective financial safety net for poor countries / Bruno Cabrillac, Luc Jacolin

Integrated policy frameworks: The constraints of policy horizons and adjustment frequencies / Claudio Borio and Piti Disyatat

What consumption habits tell us about the joint dynamics of government bond yields and stock prices internationally / Thomas Nitschka, Shajivan Satkurunathan

Monetary policy space and monetary policy strategies for the euro area / Markus Haavio, Olli-Matti Laine

The Economic Case for Global Vaccinations: An Epidemiological Model with International Production Networks / Cem Çakmaklı, Selva Demiralp, Şebnem Kalemli-Özcan, Sevcan Yeşiltaş, Muhammed A. Yıldırım

A bigger house at the cost of an empty fridge? The effect of households’ indebtedness on their consumption: Micro-evidence using Belgian HFCS data / Philip Du Caju, Guillaume Périlleux, François Rycx, Ilan Tojerow

A technical toolkit to monitor a pandemic outbreak from a central bank perspective / Alexie Alupoaiei, Csaba Bálint, Matei Kubinschi

External Vulnerabilities and Exchange Rate Pass-Through: The Case of Emerging Markets / Abdullah Kazdal, Muhammed Hasan Yılmaz

Assessing the impact of Basel III: Evidence from macroeconomic models / Olivier de Bandt, Bora Durdu, Hibiki Ichiue, Yasin Mimir, Jolan Mohimont, Kalin Nikolov, Sigrid Röhrs, Jean-Guillaume Sahuc, Valerio Scalone, Michael Straughan

The interplay between green policy, electricity prices, financial constraints and jobs: firm-level evidence / Gert Bijnens, John Hutchinson, Jozef Konings, Arthur Saint Guilhem

Shocks to bank capital as a driver of lending standards to corporates. What can macroprudential policy learn from bank lending surveys? / Ewa Wróbel

Stress-testing CESEE borrowers in the light of the COVID-19 pandemic / Aleksandra Riedl

What does research say about the effects of central bank balance sheet policies? / Paola Di Casola

Does the upturn in Eurozone money growth imply 5% inflation? / Tim Congdon

Digital Disruption: The Inevitable Rise of CBDC / Chetan Ahya, Derrick Kam, Julian Richers

Detecting turning point in the Danish economy in real time – nowcasting in Danmarks Nationalbank during the covid-19 crisis / Jesper Pedersen

Real interest rates and demographic developments: the role of population growth and migration / Lucas Fuhrer, Nils Herger

Stress-Testing Net Trading Income: The Case of European Banks / Carla Giglio, Frances Shaw, Nicolas Syrichas and Giuseppe Cappelletti

A digital euro to meet the expectations of Europeans / Fabio Panetta

Climate risks and collateral: a methodological experiment / Pierre-François Weber, Bünyamin Erkan, Antoine Oustry, Romain Svartzman

Set-up costs and the financing of young firms / François Derrien, Jean-Stéphane Mésonnier, Guillaume Vuillemey

The pandemic year from a consumer behaviour perspective: The Slovak experience / Milan Gylanik, Viera Mrazikova and Roman Vrbovsky

Low Interest Rates and the Distribution of Household Debt / Marina Emiris, François Koulischer

What Caused The Resurgence In FDI Screening? / Simon J. Evenett

How to prevent a too restrictive fiscal policy in Europe? / Wim Boonstra

Monetary and Fiscal Policy: Privileged powers, entwined responsibilities / Claudio Borio and Piti Disyatat

Will consumers save the EU recovery? - Insights from the Commission’s consumer survey / Roberta Friz, Fiona Morice

SPACs (special purpose acquisition companies) / Mario Hübler, Jakob Hanzl, Christoph Prenner

Foreclosures and House Prices / Michele Loberto

Strengthening the international role of the euro / Gergely Hudecz, Gong Cheng, Edmund Moshammer, Alexander Raabe

Banking regulation and the benefits of international cooperation – views from a banking supervisor / Joachim Wuermeling

Europe’s growth gap: reconciling Keynes and Schumpeter / François Villeroy de Galhau

The Bewildering Effects of COVID-19 and Other Recessions on Forecast Accuracy Measurements / Boriss Siliverstovs

Navigating the Digital Transition, Maintaining a Stable Payment System / Denis Beau

Data sharing for better policy making / Claudia Buch

Negative Interest Rate Policy – The Experience So Far / Luis Brandao Marques, Marco Casiraghi, Gaston Gelos, Gunes Kamber, Roland Meeks

Building-back-better after the Covid-19 crisis in Europe: The twin transition and divergence / Marco Buti, István P. Székely

The banking supervisors dilemma: wearing many hats on one head / Sasin Kirakul, Jeffery Yong, Raihan Zamil

Zero Covid: fewer deaths and much less contraction in GDP / Cécile Philippe, Nicolas Marques

How should the COVID restrictions in England be eased? / David K. Miles, Adrian H Heald, Michael Stedman

How the Capital Markets Union can help Europe avoid a liquidity trap / Sylvain Broyer

Fed’s financial stability concerns and monetary policy / Klodiana Istrefi, Florens Odendahl, Giulia Sestieri

A New Measure of Synthetic Leverage / Daniel Fricke

The Macroeconomics of Covid-19 Leverage / Théophile Jégard, Simon Ray

Not all debt is bank debt: Nonbank borrowing in Central, Eastern and Southeastern Europe / Katharina Allinger, Elisabeth Beckmann

Smoke and Mirrors: On cancelling public debts held by the Eurosystem / Jef Boeckx and Xavier Debrun

The Impact of COVID-19 on European Banks / Shekhar Aiyar, Mai Chi Dao, Andreas A. Jobst, Aiko Mineshima, Srobona Mitra, Mahmood Pradhan

Europe: the shock of Covid-19 and the fear of accelerated zombification / Hélène Baudchon, Louis Boisset, Guillaume Derrien, Kenza Charef

The Great Depression, banking crisis, and Keynes’ paradox of thrift / Victor Degorce, Eric Monnet

The Saving and Employment Effects of Higher Job Loss Risk / Ragnar E. Juelsrud, Ella Getz Wold

Uncertainty Is Not an Excuse. Integrating Climate Risks into Monetary Policy Operations and Financial Supervision / Julia Anna Bingler, Chiara Colesanti Senni, Pierre Monnin

CESEE’s Macroprudential Policy Response to Covid-19 / Markus Eller, Reiner Martin, Lukas Vashold

The impact of Covid-19 on global value chains / Heli Simola

Crisis management of credit institutions: Senior unsecured creditors must prepare for bail-in / Christine Sif Larsen, Anne Dyrberg Rommer

Banking union - achievements and challenges / Luis de Guindos

The challenges to the banking sector a year after the outbreak of the COVID-19 pandemic / Pablo Hernández de Cos

How do central banks use big data and machine learning? / Sebastian Doerr, Leonardo Gambacorta, Jose Maria Serena

Unconventional monetary policies and expectations on economic variables / Alessio Anzuini, Luca Rossi

EMU deepening and sovereign debt spreads: using political space to achieve policy space / Iván Kataryniuk, Víctor Mora-Bajén, Javier J. Pérez

Immovable property: where, why and how should it be taxed? / Doris Prammer

Shaken but not deterred: business confidence and Covid-19 in the Euro area / Gene Ambrocio

The role of fiscal policies in the Covid-19 crisis: scope and limitations / Niels Thygesen

The way forward for EU-wide stress tests / Pedro Duarte Neves

A backstop liquidity facility for a greener economy / Eric Jondeau, Benoit Mojon, Cyril Monnet

Shifts in the portfolio holdings of euro area investors in the midst of COVID-19: looking-through investment funds / Daniel Carvalho, Martin Schmitz

EU – US: Towards renewed transatlantic cooperation? / Maartje Wijffelaars, Philip Marey

Whatever it takes to save the planet? Central banks and unconventional green policy / Alessandro Ferrari, Valerio Nispi Landi

Next Generation EU: can we do better? / Lorenzo Codogno, Paul van den Noord

Central bank communication with the general public: effective or not? / Nils Brouwer, Jakob de Haan

On the Origin of Systemic Risk / Mattia Montagna, Giovanni Covi, Gabriele Torri

CBDC: Where is the unique selling proposition? / Peter Bofinger,Thomas Haas

Debt cancellation by the ECB: Does it make a difference? / Paul de Grauwe

Scarring in Europe / Reza Moghadam, Markus Guetschow, Camille White

Are lower bank capital requirements an efficient policy tool for supporting credit to SMEs? / Michel Dietsch, Henri Fraisse, Mathias Lé, Sandrine Lecarpentier

Greening the UK financial system – a fit for purpose approach / Yannis Dafermos, Daniela Gabor, Maria Nikolaidi, Frank van Lerven

Who has purchased euro area debt since the start of the health crisis? / Olivier Sirello

Pandemic Recession, Recovery Plan and Helicopter Money: A Tale from the Serenissima / Charles Goodhart, Donato Masciandaro, Stefano Ugolini

Digital technologies: a source of a productivity rebound? / Gilbert Cette, Sandra Nevoux, Loriane Py

Sharing Economy in the Financial Industry: A Platform Approach towards Sharing in Regulatory Reporting using the Shapley Value / Aaron Janowski, Moritz Plenk, Mirko Haselwander

The rise of digital watchers / Till Ebner, Thomas Nellen, Jörn Tenhofen

Should developed economies manage international capital flows? An empirical and welfare analysis / Dennis Bonam, Gavin Goy, Emmanuel de Veirman

Crisis management for medium-sized banks: the case for a European approach / Andrea Enria

Vaccination delay to cost Europe EUR90bn in 2021 / Ludovic Subran, Ana Boata, Patrick Krizan, Katharina Utermöhl

Bank stress tests: their philosophy and their use by prudential authorities during the Covid-19 crisis / Valère Fourel, Julien Idier, Valerio Scalone, Aurore Schilte

The crisis management framework for banks in the EU: what can be done with small and medium-sized banks? / Elke König

Banking Across Borders: Are Chinese Banks Different? / Eugenio Cerutti, Catherine Koch, Swapan-Kumar Pradhan

The crisis management framework for banks in the EU: how Can we deal with small and medium-sized banks? / Ignazio Visco

A pragmatic solution for the liquidity in resolution problem / Matthias Gruber, Stefan W. Schmitz

The evolution of bond and swap trading / Martin Scheicher

The future of data collection & data management: Agile RegOps for digitalizing the regulatory value chain / Martina Drvar, Johannes Turner, Maciej Piechocki, Eric Stiegeler, Daniel Münch

Nowcasting world GDP growth with high-frequency data / Caroline Jardet, Baptiste Meunier

Scars of youth non-employment and labour market conditions / Giulia Martina Tanzi

Is inflation dead or hibernating? / Claudio Borio

Is the 100% Reserve Reform Finally Getting Topical? / Christian Pfister

Buffer usability and potential stigma effects / Stefan W. Schmitz, Viola Nellessen, Michaela Posch, Peter Strobl

Interest rate-growth differentials on government debt: an empirical investigation for the euro area / Cristina Checherita-Westphal and João Domingues Semeano

The post-COVID-19 recovery: what challenges and roadmap for the banking industry? / Jordi Gual

Capital Buffer Assignments to Other Systemically Important Institutions in the Euro area – Is the Country Heterogeneity in the EU caused by Regulatory Capture? / Michael Sigmund

Is NGEU a game changer for the ECB’s role in fighting the fall-out from COVID-19 in the euro area? / Lukas Reiss, Maria Teresa Valderrama

COVID-19 pandemic: Perception, confusion and conspiracies / Stefan Schneider

Could housing booms undermine productivity growth? / Sebastian Doerr

Consequences for banks’ business from COVID-19 and policy responses / Francesco Mazzaferro

Thriving in a post-pandemic world / Debora Revoltella, Pedro de Lima

Monetary policy effects when interest rates are negative / Joost Bats, Massimo Giuliodori, Aerdt Houben

Limits of the Market / Paul De Grauwe

Preparing for a higher inflation regime / Elga Bartsch, Jean Boivin, Philipp Hildebrand

On the risk-adjusted performance of machine learning models in credit default prediction / Andres Alonso, Jose Manuel Carbo

A stronger voice for Europe in global development / Werner Hoyer

In Support of Monetary Policy: Using the Countercyclical Capital Buffer to Avoid a Reversal Interest Rate / Matthieu Darracq Pariès, Christoffer Kok, Matthias Rottner

Are equity markets currently overvalued? The role of the time horizon in earnings expectations / Roberto Blanco and Irene Roibás

The world economy under Covid-19: Can emerging market economies keep the engine running? / Kristel Buysse, Dennis Essers

Surge in corporate insolvencies hitting German banks / Jan Schildbach

Cyber risk in the financial sector / Iñaki Aldasoro, Jon Frost, Leonardo Gambacorta, Thomas Leach, David Whyte

Retail CBDC Remuneration: The Sign Matters / Christian Pfister

Keynes and Schumpeter are what the European economy needs right now / Sylvain Broyer

Lessons from the Swedish anti-corona strategy / Lieven Noppe

Cross-country differences in Europe’s second COVID wave / David Mackie

Tracking Covid: What Worked? / Markus Guetschow

Policy revolution / Elga Bartsch, Jean Boivin, Stanley Fischer, Philipp Hildebrand

Central banks’ response to the “tragedy on the horizon” / François Villeroy de Galhau

Finding the Right “Hall of Mirrors”: The Mixed Blessings of Lessons from the Past for Shaping a Post-COVID Future / Robert Holzmann

Update of the European Fiscal Monitor (September 2020) / Willem-Pieter de Groen, Inna Oliinyk

Macroeconomic stabilisation when nominal interest rates are constrained: A role for household inflation expectations? / Geoff Kenny, Ioana Duca-Radu, Andreas Reuter

More travel warnings are almost like a new lockdown for the hospitality industry / Eric Heymann

The shadow of fiscal dominance: Misconceptions, perceptions and perspectives / Isabel Schnabel

Monitoring economic activity in times of Covid-19: moving up to higher frequency / Barbara Castelletti, Marie Delorme, Pavel Diev, Yannick Kalantzis, Antoine Lalliard, Matteo Mogliani

The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival / C.A.E. Goodhart, Manoj Pradhan

Can we expect the economy to rebound rapidly? / Stéphane Dupraz

The Eurosystem collateral framework in 2018 and 2019 / Marco Corsi, Benjamin Hartung, Viktoriya Gocheva

The EU’s “Northern enlargement” 25 years on – stocktaking and some thoughts for the future / Ernest Gnan and Robert Holzmann

A Journey through the Monetary Cyber World / Christian Pfister

Limits and pitfalls of QE in emerging markets / Daniel Daianu

To each crisis its analogy, to each analogy its critical reflection / Robert Holzmann

Home- and host-country prudential regulation and spillovers in dollar credit / Stefan Avdjiev, Bryan Hardy, Patrick McGuire, Goetz von Peter

Global value chains and the challenge of Covid-19 / Antoine Berthou, Juan Carluccio, Guillaume Gaulier

After Coronavirus: Deflation or Inflation? / C.A.E. Goodhart

A rule-based monetary strategy for the European Central Bank: a call for monetary stability / Juan E. Castañeda

Inclusive payments for the post-pandemic world / Raphael Auer, Jon Frost, Thomas Lammer, Tara Rice, Amber Wadsworth

Are bank capital requirements optimally set? Evidence from researchers’ views / Gene Ambrocio, Iftekhar Hasan, Esa Jokivuolle, Kim Ristolainen

Finland and monetary policy through three crises / Tuomas Välimäki and Meri Obstbaum

Financial integration in the Nordic-Baltic region vis-à-vis the EU: A Swedish perspective / David Farelius, Stefan Ingves, Magnus Jonsson

The Growth of Indexing - What is happening, and why? / Craig Lazzara

Measuring Regulatory Complexity / Jean-Edouard Colliard, Co-Pierre Georg

The big debt surge / Ralph Solveen

Eurozone in times of Covid-19: Debt monetisation by stealth / Peter Vanden Houte

European Recovery Fund: Sceptics Q&A / Reza Moghadam, Jacob Nell, Joao Almeida, Bruna Skarica, Markus Guetschow

Radical Uncertainty / John Kay

How effective are bank levies in reducing leverage given the debt bias of corporate income taxation? / Franziska Bremus, Kirsten Schmidt, Lena Tonzer

The Macroeconomic Impact of NPLs in Euro Area Countries / Ivan Huljak, Reiner Martin, Diego Moccero, Cosimo Pancaro

How firms are adapting to the lockdown: insights from text mining / Mathilde Gerardin, Martial Ranvier

Special Update of the European Fiscal Monitor / Willem-Pieter de Groen, Inna Oliinyk, Sander van Veldhuizen

Retail Central Bank Digital Currencies: means of payment vs store of value / Santiago Fernández de Lis, Pablo Urbiola

Europe’s answer to Libra – potential and prerequisites of a programmable euro / Andreas Krautscheid, Tobias Tenner, Siegfried Utzig

Banking between two crises / Karel Lannoo

The liquidity trap, monetary policy and the health crisis / Stéphane Lhuissier

Financial resilience of German households to Corona triggered income shock / Orcun Kaya

A sensible fiscal policy for the sharp rise in government debt / Forrest Capie, Meyrick Chapman, Chris Marsh, Geoffrey Wood

Which factors drive consumers to adopt crypto-assets? Results from an Austrian survey / Helmut Stix

The need for a new financial architecture after CORONA, an opinion / Freddy Van den Spiegel

Covalization: Europe on the Rack Between Globalization and Covid - A Historian’s Perspective on the European Union: Europe and Globalization / Harold James

The EU’s recovery plan is the next generation of fiscal solidarity / Sylvain Broyer

Credit Guarantees in the COVID-19 crisis – Relevance and Economic Impact / Julien Brault, Simone Signore

Assessing the efficacy of COVID-19 tracing regimes / David Mackie

Towards a wider international role for the euro / Francesco Papadia, Konstantinos Efstathiou

A first look at fiscal dynamics in the Euro area after COVID-19: the case for a shift in the fiscal governance system / Marco Protopapa

The international role of the euro / Marco Buti

There is nothing magic in central bank money / Jean Barthélemy, Adrian Penalver

Do contactless cards really change the way we pay? / Martin Brown, Nicole Hentschel, Hannes Mettler, Helmut Stix

Keeping the COVID-19 R number below 1 as mobility rises / David Mackie

An ECB digital currency – a flight of fancy? / Yves Mersch

Does the EU convergence machine still work and how will the Covid-19 crisis impact it? / Patrick Bisciari, Dennis Essers, Evelien Vincent

US dollar funding markets during the Covid-19 crisis – the international dimension / Egemen Eren, Andreas Schrimpf, Vladyslav Sushko

Simulating the distributive effects of the Macron-Merkel Recovery Fund / Friedrich Heinemann

International inflation co-movements / Philip R. Lane

Making banking integration work for better risk sharing in the eurozone: the role of cross-border banking consolidation / Mathias Hoffmann

Cross-border consolidation in the European banking sector: between dreams and reality / Jan Van Hove

Services are the next – and fast approaching – frontier of global trade and financial services is a sector leading the way / Robert Koopman

German Constitutional Court vs ECB: Law, Economics and Politics / Donato Masciandaro

ECB needs to finance Corona budget deficits / Paul De Grauwe

Turning collective savings into private equity investments: The Covid-19 crisis as a catalyst for pan-European efficient resource allocation / Georges Hübner

The currency composition of foreign exchange reserves / Hiro Ito and Robert N McCauley

Monetary policy implications of digital currencies / Katrin Assenmacher

Can we compare the COVID-19 and 2008 crises? / Marc-Olivier Strauss-Kahn

Coronavirus and the world of work / Monika Kiss

How large is the coronavirus macro shock? Putting the near-term record-breaking shock in the long-term context / Elga Bartsch, Jean Boivin, Philipp Hildebrand

Covid-19 policy response and the role of the EIB / Debora Revoltella

An EU Recovery Fund: How to square the circle? / Kajus Hagelstam, Alice Zoppè, Cristina Sofia Dias

Shh, don’t say it! ECB Helicopter Money: Economics and Politics / Donato Masciandaro

Never Let a Good Crisis Go to Waste! / Kai A. Konrad, Marcel Thum

How the economy will recover from the Corona shock / Jörg Krämer and Bernd Weidensteiner

Interlinking Europe’s recovery plan and the next EU budget / Kevin Körner and Barbara Böttcher

Overview of Central Bank Digital Currency - State of Play / Johannes Duong

Embedded supervision: how to build regulation into Libra 2.0 and the token economy / Raphael Auer

What central banks have done to help the economy survive Covid-19 / Florens Odendahl, Adrian Penalver, and Urszula Szczerbowicz

Politics and Economics of Global Currencies / Paul De Grauwe

Navigation tools in the semi-normal corona era / Andy Langenkamp

The search for the right European Financing Instruments in the Corona Pandemic - ESM Liquidity Assistance versus Corona Bonds / Friedrich Heinemann

Regulation, Corporate Culture and Individual Responsibility in Banking / David T Llewellyn

The range of different opinions and moods in Germany on collective ‘corona bonds’ / Ingobert Waltenberger

The Prudent Algorithm Principle: A new paradigm for financial supervision / Jakob Thomä

Passive Funds Actively Affect Prices: Evidence from the Largest ETF Markets / Karamfil Todorov

European banks in the corona crisis / Jan Schildbach

Mother Nature: The gender-climate nexus / Jessica Murray

How deep will it fall? Comparing the euro area recessions of 2020 and 2009 / Andreas Breitenfellner, Paul Ramskogler

A diverse monetary union creates invisible transfers that justify conditional solidarity / Enrico Perotti and Oscar Soons

Reflections on the health and financial crisis / Jacques de Larosière

Does It Fit? Tweeting on Monetary Policy and Central Bank Communication / Donato Masciandaro, Davide Romelli, Gaia Rubera

The European Deposit Insurance Scheme: Economic Rationale, Issues and Policy Solutions / Ettore Panetti

A “European Capitalization and Development Fund” (ECDF) to facilitate Europe’s post-corona recovery / Ernest Gnan

Euro Area Economics: Putting the OOH into HICP / Jacob Nell, Bruna Skarica, Joao Almeida, Markus Guetschow

Central Bank Digital Currency: A Primer / Christian Pfister

Are Standard Macro and Credit Policies Enough to Deal with the Economic Fallout from a Global Pandemic? A Proposal for a Negative SME Tax / Thomas Drechsel, Şebnem Kalemli-Özcan

Reforms, Reversals and the Road Ahead: Lessons from Three Decades of Transition in Central and Eastern Europe / Beata Javorcik

The Paradox of Endogenous Nationalism and the Role of Quantitative Easing / Massimo Morelli

Capital Regulations and the Management of Credit Commitments during Crisis Times / Paul Pelzl, María Teresa Valderrama

Euro Area Economics: Greenflation? / Jacob Nell, Joao Almeida, Markus Guetschow

R-star decline and monetary hysteresis / Phurichai Rungcharoenkitkul

Mortgage Lending and Macroprudential Policy in the UK and US / Alan Brener

Cost-Efficiency and Productivity of euro area banks / Ivan Huljak, Reiner Martin, Diego Moccero

Regulating fintech: what is going on, and where are the challenges? / Fernando Restoy

Making sure your bot colleague is less biased than you! / Frank De Jonghe

The European Banking Union / Margarita Delgado

Populism, Economic Policies and Central Banking: an Overview / Ernest Gnan, Donato Masciandaro

European Banking Consolidation: Can a view to the past inform current policy efforts? / Peter Hahn

How Could Central Bank Digital Currencies Be Designed? / Itai Agur, Anil Ari, Giovanni Dell’Ariccia

Interests and alliances / Klaas Knot

Europe’s role in the global financial system / Luis de Guindos

Bank resolution, the need to recognize reality in order to prepare for the next crisis / Jesper Berg, Henrik Bjerre-Nielsen

Should central banks also be supervisors: a political economy perspective / Donato Masciandaro

Economic policy in EMU: What role for fiscal and monetary policy? Which has more scope left? How to combine them? / Marco Buti

DLT-Based Regulatory Reporting - A game changer for the regulatory regime? / Daniel Münch, Noah Bellon

TCFD: strengthening the foundations of sustainable finance / Mark Carney

The quest for policy scope: Implications for monetary policy strategies / Klaas Knot

Investing in Europe’s Competitiveness and Sustainability / Werner Hoyer

Central bank independence and inflation / Ryszard Kokoszczyński, Joanna Mackiewicz-Łyziak

Deposit facility rate, bank reserves, and portfolio reallocation incentives / Manuel Buchholz, Kirsten Schmidt, Lena Tonzer

Euro Area Fiscal Policy: The Factual, the Possible and the Surprising / Daniele Antonucci

Following “Libra” German banks say: The economy needs a programmable digital euro / Andreas Krautscheid, Tobias Tenner, Siegfried Utzig

Putting macroprudential policy to work: a case study on the Dutch housing market / Paul Hilbers, Marco van Hengel

Central Banking in challenging times / Claudio Borio

Ten years after Lehman, is the financial system safer? / Denis Beau

Inflation In The Eurozone Is Dead. Long Live (The Right Kind Of) Inflation / Sylvain Broyer

Reforming the Stability and Growth Pact: Striving for sustainability while offering room for manoeuvre / Karsten Wendorff

Towards a European Governance Framework for Cryptoassets / Jason Grant Allen, Rosa María Lastra

The rise of central banks as sovereign debt holders: Implications for investor bases / Alvise Lennkh, Bernhard Bartels, Thibault Vasse

Libra – a view from Europe / Heike Mai

Tackling non-performing loans in Europe / Peter Grasmann, Markus Aspegren, Nicolas Willems

Banks’ behavioral reactions to Basel III: mostly as intended / Stefan W. Schmitz

Dealing with the next downturn: From unconventional monetary policy to unprecedented policy coordination / Elga Bartsch, Jean Boivin, Stanley Fischer, Philipp Hildebrand

On Crypto Assets / Andrei Kirilenko

Non-banks in the EU: ensuring a smooth transition to a Capital Markets Union / Fatima Pires

How to improve crisis management in the banking union: a European FDIC? / Fernando Restoy

Central bank digital currency: institutional issues / Wim Boonstra

Integration and convergence in the EMU: a complex dynamic / Bruno Cabrillac

The euro’s global role: past, present and future / Arnaud Mehl

Making the most of the EMU: Challenges and opportunities for structural reforms / Luiz de Mello

Strengthened EU fiscal framework: fiscal discipline versus economic stabilization / Bernhard Grossmann, Gottfried Haber

Reconciling risk sharing with market discipline: A constructive approach to euro area reform / Isabel Schnabel

Controlling CBDC through tiered remuneration / Ulrich Bindseil

Escaping the Trap: Secular Stagnation, Monetary Policy and Financial Fragility / Martin Wolf

European Economic and Monetary Union: from the Past into the Future / Jean-Claude Trichet

Beliefs and Portfolios: New Measurement and Facts / Stefano Giglio, Matteo Maggiori, Johannes Stroebel, Stephen Utkus

How to Make Capitalism Work for All? / Anita Angelovska Bezhoska

Restricting or Abolishing Cash: An Effective Instrument for Eliminating the Shadow Economy, Corruption and Terrorism? / Friedrich Schneider

Central banks still run money creation / Daniel Daianu

Mitigating Fiscal Risks from the Financial Sector / Ludger Schuknecht

Loan portfolio diversification in the euro area, capital requirements, and the European Banking Union / Esa Jokivuolle, Matti Virén

Regulatory complexity and the quest for robust regulation / Prasanna Gai, Malcolm Kemp, Antonio Sánchez Serrano, Isabel Schnabel

Libra: A new competitor among international currencies? / Beat Weber

Main findings from a survey on the long-term impact of Brexit on the UK and EU economies / Patrick Bisciari

Global economic governance at a crossroads / Carlo Monticelli

Rethinking Capital Regulation: The Case for a Dividend Prudential Target in the Euro Area / Manuel Muñoz

Bilateral Trade Balances Under Focus / Florence Jaumotte

A products and activities approach to managing risk in asset management / Barbara Novick

Financial aspects of Brexit / Thomas Url

Central banks are too risk averse as investors / Massimiliano Castelli, Stefan Gerlach

Thoughts for a third EU Referendum: Revoke Article 50 OR Leave with “a” deal / Graham Bishop

Chinese foreign investment: a dangerous obsession or a new normal? Get ready for the latter! / Peter Havlik

The future of financial stability: Maintaining effectiveness while reducing complexity / Andreas Ittner

The future of the UK services trade post-Brexit: unlikely to be bright / Olga Pindyuk

Monetary and financial stability: the implications for prudential supervision / Ed Sibley

Analysing the Economics of BREXIT and World Trade / David T. Llewellyn

Rethinking the Trade-offs for Monetary Policy in an Era of Globalization / Enrique Martínez-García

The impact of Brexit on growth and the public finances / Iain Begg

The post-crisis Phillips Curve and its policy implications: cumulative wage gap matters for inflation / Liviu Voinea

How to assess the adequacy of capital requirements based on internal models? / Susanne Roehrig

What is „Modern Money Theory“ (MMT)? / Beat Weber

The future of money and payments / Agustín Carstens

A New Horizon / Mark Carney

The Euro Area: Staying the Course through Uncertainties / François Villeroy de Galhau

The Euro Area: Creating a Stronger Economic Ecosystem / Christine Lagarde

Market power: a complex reality / Peter Praet

Beyond voluntary disclosure: why a ‘market-shaping’ approach to financial regulation is needed to meet the challenge of climate change / Josh Ryan-Collins

Fiscal Rules / Vitor Gaspar, David Amaglobeli

New Frontiers in the Euro Debate in Iceland / Thorsteinn Thorgeirsson

Disintermediation and re-intermediation effects of the CSPP / Óscar Arce, Ricardo Gimeno, Sergio Mayordomo

Creating an enabling environment for innovation and digitalisation / Debora Revoltella, Tim Bending, Christoph Weiss, Philipp-Bastian Brutscher

What lies in store for the eurozone? An assessment of the Greek bailout programmes: Has the EU become wiser? / Yannis Stournaras

Europe needs reforms for inclusive growth. Do Europeans agree? / Pier Carlo Padoan

Big tech in finance and new challenges for public policy / Agustín Carstens

The output cost of the global financial crisis: A reappraisal after ten years / David Turner, Patrice Ollivaud

Monetary Policy beyond normalization / Maria Demertzis

Africa needs investments beyond its pockets of growth / Olivier de Boysson, Clément Gillet

Business models in prudential policies / Isabelle Vaillant, Marina Cernov

Bank business models: time to act / Rudi Vander Vennet

Trends and Cycles in Financial Intermediation / Philip R. Lane

Regtech meets financial supervision: how climate scenario analysis by supervisors is ushering in a new regulatory paradigm / Jakob Thomä

Global financial vulnerabilities: Get ready for a bumpy ride / Claudio Borio

A plea for a paradigm shift in financial decision-making in the age of climate change and disruptive technologies / Angela Köppl, Sigrid Stagl

A Financial Union for the Euro Area / Poul M. Thomsen

A Green Supporting Factor — The Right Policy? / Jacob Dankert, Lars van Doorn, Henk Jan Reinders, Olaf Sleijpen

Preserving regulatory certainty: The review of insurers’ capital requirements / Gabriel Bernardino

Central banks should reflect climate risks in monetary policy operations / Pierre Monnin

21st century cash: Central banking, technological innovation and digital currencies / Fabio Panetta

Green bond finance and certification / Torsten Ehlers, Frank Packer

The future for central bank balance sheets and their potential use as a macroprudential tool / Paul Fisher

A solid common landing ground for EMU / Jeroen Dijsselbloem

Temporary Eurobill Fund (TEF): 30 FAQs / Graham Bishop

Strengthening the euro area Architecture: A proposal for Purple bonds / Lorenzo Bini Smaghi, Michala Marcussen

Modern financial repression in the euro area crisis: making high public debt sustainable? / Ad van Riet

Populism and Central Bank Independence / Donato Masciandaro, Francesco Passarelli

Central Bank Accountability and Judicial Review / Charles Goodhart, Rosa Lastra

Opportunities and challenges for banking regulation and supervision in the digital age / José Manuel González-Páramo

In the euro area, discipline is of the essence, but risk-sharing is no less important / Daniel Daianu

European Monetary Union reform preferences of French and German parliamentarians / Sebastian Blesse, Pierre C. Boyer, Friedrich Heinemann, Eckhard Janeba, Anasuya Raj

Credit conditions and corporate investment in Europe / Laurent Maurin, Rozalia Pal, Philipp-Bastian Brutscher

Euro area quantitative easing: Large volumes, small impact? / Daniel Gros

Comparability of Basel risk weights in the EU banking sector / Zsofia Döme, Stefan Kerbl

The New Silk Road: Implications for Europe / Stephan Barisitz, Alice Radzyner

Fairness and Support for the Reforms: Lessons from the Transition Economies / Sergei Guriev

The occasional importance of the current account in an era of a global savings glut / Jesper Berg, Steffen Lind

Deepening the Economic and Monetary Union: the EU priorities by 2025 and beyond / Marco Buti

Risk sharing in EMU: key insights from a literature review / Demosthenes Ioannou, David Schäfer

Recent developments in Chinese shadow banking / Michael Chui, Christian Upper

Is cash back? Assessing the recent increase in cash demand / Clemens Jobst, Helmut Stix

Is there a risk of snapback in long-dated yields? / Hyun Song Shin

Gaming the rules or ruling the game? – How to deal with regulatory arbitrage / Danièle Nouy

International financial crises: new understandings, new data / Jaime Caruana

Technological Change and the Future of Cash / François R. Velde

Banks or platforms: The digital future / Patricia Jackson

The political economy of central banking in the digital age / Sir Paul Tucker

(No) worries about the new shape of international capital flows / Matthieu Bussiére, Julia Schmidt, Natacha Valla

Completing the architecture of the Euro / Lorenzo Bini Smaghi

Bail-ins: Issues of Credibility and Contagion / Clas Wihlborg

Two turbulent centuries: Lessons from Austria’s monetary policy, 1816-2016 / Ernest Gnan, Clemens Jobst

Doves, Hawks and Pigeons: Behavioral Monetary Policy Making / Donato Masciandaro

Ten Myths in the Brexit Debate / David T. Llewellyn

Bank secrecy in offshore centres, capital flows and blacklisting: It takes two to tango / Donato Masciandaro

Some seeming paradoxes or interesting points of Russia’s economy and banking sector / Stephan Barisitz

Gender diversity and monetary policy / Donato Masciandaro, Paola Profeta, Davide Romelli

Cash without future? Future without cash? A wider view / Christian Beer, Urs W. Birchler, Ernest Gnan

Modigliani–Miller, Basel 3 and CRD 4 / Morten Balling

What is money and who says so? / Peter R. Fisher

The Return of Inflation / hybrid, Vienna / 23 May - 24 May, 2022

Global conflict, growth & inflation, monetary policy, and implications for banks’ business / SUERF ChiefEcon Forum / 05 May, 2022

Post-COVID Non-Performing Loans: Effectiveness and efficiency of government intervention, implications for banks / Online Workshop / 23 Mar, 2022

Gender, the Economy and Digitalization / Online conference / 08 Mar, 2022

Macroeconomic models for monetary policy: State of play and way forward / Online workshop / 03 Feb, 2022

Accelerating transformation / hybrid I online / 12 Jan - 13 Jan, 2022

Trainees for a 6 month internship (Application deadline: 9 June 2022) / EIB

Monetary unions in history - 1 July 2022 - Sofia, Bulgaria / Bulgarian National Bank (BNB)

Business resilience in the pandemic and beyond from Eastern Europe to Central Asia - A new EIB-EBRD-IMF report - 18 May 2022 | 16:00 - 17:30 CET / EIB

BOFIT Visiting Researchers Programme Autumn/Winter 2022 (Deadline 15 May 2022) / Bank of Finland

4th Summer School on Sustainable Finance (Submission deadline: April 30) / L. Alessi (EC – Joint Research Centre)

Does safe DeFi require CBDCs? - 4 April 2022 / BIS & Swiss National Bank

BOFIT Forecast for Russia 2022–2023 / Bank of Finland

2nd International Conference on Payments and Settlement (Submission deadline 31 March) / Deutsche Bundesbank

BIS Innovation Summit, 22-23 March 2022 / Bank for International Settlements

European Fiscal Monitor - January 2022 / CEPS (EU IFI Network)

Cryptocurrencies: Money, Trust and Regulation / Oonagh McDonald

Monetary policy after the pandemic (Submission deadline 21 March 2022) / Swiss National Bank

2022 Annual Meeting of the Central Bank Research Association (Submission deadline: 1 April 2022) / CEBRA

EIB Investment Report 2021/2022 / EIB

Evaluating the monetary-policy toolkit: lessons for the future (Submission deadline: 15 March 2022) / Sveriges Riksbank

How to deepen Europe’s Economic and Monetary Union Further? 24 January 2022, 14:00 – 17:00 CET / ESM

Young Economist Prize 2022 (Submission deadline: 13 February 2022) / European Central Bank

Cryptoassets and Financial Innovation (Submission deadline: 31 January 2022) / Swiss National Bank

"Social media and its challenges for economic policy" - Annual Congress of the Swiss Society for Economics and Statistics I Submission deadline: January 31, 2022 / Swiss National Bank

May 25, 2022 - Key takeaways from the ECB’s new Financial Stability Review

May 24, 2022 - The Return of Inflation

May 24, 2022 - The Return of Inflation

May 24, 2022 - The Return of Inflation

May 24, 2022 - The Return of Inflation

May 23, 2022 - The Return of Inflation

May 23, 2022 - The Return of Inflation

May 23, 2022 - The Return of Inflation

Mar 30, 2022 - Conceptions of Money in the Digital Age

Mar 23, 2022 - Post-COVID Non-Performing Loans: Effectiveness and efficiency of government intervention, implications for banks

Mar 08, 2022 - Gender, the Economy and Digitalization

Mar 03, 2022 - Fixed Income Market Liquidity: Where do we stand?

Feb 23, 2022 - Sovereign Domestic Debt Restructuring: Handle with Care

Feb 16, 2022 - The digital euro: policy implications and perspectives

Feb 15, 2022 - Climate-related risks: A financial stability angle for Europe

Feb 03, 2022 - Macroeconomic models for monetary policy: State of play and way forward

Dec 09, 2021 - SME Financing: Key findings from the EIF’s new "European Small Business Finance Outlook 2021"

Nov 26, 2021 - “Monetary Policy in Times of Crisis – A Tale of Two Decades of the European Central Bank”

Nov 17, 2021 - Key takeaways from the ECB’s new Financial Stability Review

Nov 15, 2021 - The Resilient Society: European Perspectives

Nov 12, 2021 - Corporate governance, executive compensation and ESG goals

Nov 12, 2021 - Corporate governance, executive compensation and ESG goals

Nov 11, 2021 - Corporate governance, executive compensation and ESG goals

Nov 11, 2021 - Corporate governance, executive compensation and ESG goals

Oct 12, 2021 - EU and US Perspectives: Changing climates

Oct 12, 2021 - EU and US Perspectives: Changing climates

Oct 12, 2021 - EU and US Perspectives: Changing climates

Oct 12, 2021 - EU and US Perspectives: Changing climates

Oct 12, 2021 - EU and US Perspectives: Changing climates

Oct 12, 2021 - EU and US Perspectives: Changing climates

Oct 12, 2021 - EU and US Perspectives: Changing climates

Oct 07, 2021 - Climate protection: State of play, division of labor, steps forward

Oct 07, 2021 - Climate protection: State of play, division of labor, steps forward

Oct 07, 2021 - Climate protection: State of play, division of labor, steps forward

Sep 15, 2021 - How to raise r*?

Sep 15, 2021 - How to raise r*?

Sep 07, 2021 - Covid-19 and Climate Transition: The role of creative destruction

Sep 03, 2021 - SSM/EBA Banking Stress Test: Key findings and the way forward

Jun 28, 2021 - Brick by Brick: Building Better Housing Policies

Jun 28, 2021 - The Corona Effect: Structural Shifts and International Trade

Jun 14, 2021 - The international role of the euro – state of play, drivers, prospects

May 26, 2021 - Fiscal and Monetary Policy Interactions

May 21, 2021 - Gender, Money and Finance - 1st Vienna Economic Dialogue

May 21, 2021 - Gender, Money and Finance - 1st Vienna Economic Dialogue

May 20, 2021 - Gender, Money and Finance - 1st Vienna Economic Dialogue

May 20, 2021 - Gender, Money and Finance - 1st Vienna Economic Dialogue

May 19, 2021 - Key takeaways from the ECB’s new Financial Stability Review

May 06, 2021 - Negative Interest Rates: Effectiveness and Side Effects – Taking Stock

Apr 30, 2021 - The fight against COVID-19: Effectiveness, efficiency, and trade-offs – Stock-taking and lessons for the final spurt

Apr 30, 2021 - The fight against COVID-19: Effectiveness, efficiency, and trade-offs – Stock-taking and lessons for the final spurt

Apr 22, 2021 - Savings behaviour in crisis and post-crisis times

Apr 22, 2021 - Savings behaviour in crisis and post-crisis times

Dec 11, 2020 - Bank’s funding and revenue prospects in the low for long era

Dec 11, 2020 - Bank’s funding and revenue prospects in the low for long era

Dec 11, 2020 - Bank’s funding and revenue prospects in the low for long era

Dec 04, 2020 - CBDC: State of play, challenges, open issues

Nov 25, 2020 - Key takeaways from the ECB’s new Financial Stability Review

Nov 18, 2020 - The effectiveness of monetary policy in a low interest rate environment

Oct 14, 2020 - How to spend it? How to pay it back? EU and US Perspectives

Oct 14, 2020 - How to spend it? How to pay it back? EU and US Perspectives

Oct 14, 2020 - How to spend it? How to pay it back? EU and US Perspectives

Oct 14, 2020 - How to spend it? How to pay it back? EU and US Perspectives

Oct 01, 2020 - The surge of gold

Sep 21, 2020 - 25 years of EU Northern Enlargement

Sep 14, 2020 - Fireside chat: Economic outlook, the ECB’s monetary policy, and financial market implications

Aug 31, 2020 - Libra 2.0 – What does it mean for monetary policy and financial stability?

Jul 10, 2020 - In the face of an unexpected adversary: The crucial role for central banks

Jul 02, 2020 - Radical Uncertainty: Decision-making for an unknowable future - Book presentation and discussion

Jun 29, 2020 - A New Vision for Europe’s Capital Markets - Presentation and Discussion of the Final Report of the High Level Forum on the CMU

Jun 16, 2020 - The International Role of the Euro: has COVID-19 affected the outlook?

Jun 03, 2020 - The Karlsruhe ruling: implications and the way forward?

May 28, 2020 - Key takeaways from the ECB’s new Financial Stability Review

Nov 08, 2019 - Populism, Economic Policies and Central Banking

May 20, 2019 - Cash on Trial

May 20, 2019 - Cash on Trial

Gender, Money and Finance / Oesterreichische Nationalbank I SUERF

25 years of “Northern” EU enlargement / Oesterreichische Nationalbank I SUERF

Populism, Economic, Policies and Central Banking / by Ernest Gnan and Donato Masciandaro

European Economic and Monetary Union: The first and the next 20 years / Oesterreichische Nationalbank

Cash on Trial, mk II - Economics, Technology and Institutions / by Urs Birchler, Ernest Gnan, Carl-Christoph Hedrich and Jens Ulbrich

Do We Need Central Bank Digital Currency? Economics, Technology and Institutions / by Ernest Gnan and Donato Masciandaro

Shadow Banking: Financial Intermediation beyond Banks / by Esa Jokivuolle

The Financial System of the Future / Oesterreichische Nationalbank

New Challenges in Central Banking: Monetary Policy Governance and Macroprudential Issues / by Ernest Gnan and Donato Masciandaro

Brexit and the implications for financial services / by Patricia Jackson

Central Banking and Monetary Policy: what will be the post-crisis new normal? / by Ernest Gnan and Donato Masciandaro

The SSM at 1 / by Jens Ulbrich, Carl-Christoph Hedrich and Morten Balling

Banking Reform / by Patricia Jackson

The state as an intermediary to foster long-term investments: the case of the targeted European savings account / Hans-Peter Burghof, Carola Müller

Cash on Trial / by Christian Beer, Ernest Gnan and Urs W. Birchler

Liquidity and Market Efficiency – Alive and well? / by Esa Jokivuolle and Jouko Vilmunen

Asset-Liability Management with Ultra-low Interest Rates / by Ernest Gnan and Christian Beer

Challenges in Securities Markets Regulation: Investor Protection and Corporate Governance / by Pablo Gasós, Ernest Gnan and Morten Balling

Money, Regulation and Growth: Financing New Growth in Europe / by Marc Quintyn, Donato Masciandaro, Frank Lierman and Morten Balling

Banking After Regulatory Reforms - Business as Usual? / by Esa Jokivuolle and Jouko Vilmunen

The Value of Banks and Their Business Models to Society / by Allard Bruinshoofd and Jakob de Haan

The Effectiveness of Capital Adequacy Measures in Predicting Bank Distress / by David Mayes and Hanno Stremmel

The Future of Sovereign Borrowing in Europe / by Morten Balling, Ernest Gnan and Johannes Holler

Property Prices and Real Estate Financing in a Turbulent World / by Morten Balling and Jesper Berg

States, Banks and the Financing of the Economy: Monetary Policy and Regulatory Perspectives / by Morten Balling, Ernest Gnan & Patricia Jackson

States, Banks, and the Financing of the Economy: Fiscal Policy and Sovereign Risk Perspectives / by Morten Balling, Peter Egger & Ernest Gnan

The Interaction of Political, Fiscal and Financial Stability: Lessons from the Crisis / by Ernest Gnan

Developing Distress Resolution Procedures for Financial Institutions / by Clas Wihlborg

The ESRB at 1 / by Stefan Gerlach, Ernest Gnan and Jens Ulbrich

Future Risks and Fragilities for Financial Stability / by David T. Llewellyn and Richard Reid

New Paradigms in Banking, Financial Markets and Regulation? / by Morten Balling, Frank Lierman, Freddy Van den Spiegel, Rym Ayadi and David T. Llewellyn

New Paradigms in Monetary Theory and Policy? / by Morten Balling and David T. Llewellyn

Roles, Missions and Business Models of Public Financial Institutions in Europe / by Mathias Schmit, Laurent Gheeraert, Tierry Denuit, Cédric Warny

Divergence of Risk Indicators and the Conditions for Market Discipline in Banking / by Jens Forssbaeck

Monetary Policy After the Crisis / by Ernest Gnan, Ryszard Kokoszczynski, Tomasz Łyziak & Robert McCauley

Regulation and Banking After the Crisis / by Frank Browne, David T. Llewellyn and Philip Molyneux

The Future of Banking in CESEE after the Financial Crisis / by Attila Csajbók and Ernest Gnan

Contagion and Spillovers: New Insights from the Crisis / by Peter Backé, Ernest Gnan and Philipp Hartmann

The Quest for Stability: The Financial Stability View / by Morten Balling, Jan Marc Berk and Marc-Olivier Strauss-Kahn

The Quest for Stability: The View of Financial Institutions / by Morten Balling, Jan Marc Berk and Marc-Olivier Strauss-Kahn

The Quest for Stability: The Macro View / by Morten Balling, Jan Marc Berk and Marc-Olivier Strauss-Kahn

Crisis Management at Cross-Roads - Challenges facing cross-border financial institutions at the EU level / by Rym Ayadi, Morten Balling and Frank Lierman

Design, Structure and Implementation of a Modern Deposit Insurance Scheme / by Beat Bernet and Susanna Walter

Productivity in the Financial Services Sector / by Morten Balling, Ernest Gnan, Frank Lierman and Jean-Pierre Schoder

Financing SMEs in Europe / by Morten Balling, Beat Bernet and Ernest Gnan

Current Trends in the Russian Financial System / by Morten Balling

The Failure of Northern Rock: A multi-dimensional Case Study / by Franco Bruni and David T. Llewellyn

Asset Management in Volatile Markets / by Morten Balling, Ernest Gnan and Catherine Lubochinsky

Monetary Policy, Regulation and Volatile Markets / by Morten Balling, Ernest Gnan and Catherine Lubochinsky

Macroeconomic Differentials and Adjustment in the Euro Area / by Iulia Siedschlag

Commodities, Energy and Finance / by Ernest Gnan and Már Gudmundsson

Monetary Policy Transmission in Poland: A Study of the Importance of Interest Rate and Credit Channels / by Tomasz Łyziak, Jan Przystupa and Ewa Wróbel

Governance of Financial Supervisors and its Effects – a Stocktaking Exercise / by Marc Quintyn

Corporate Governance in Financial Institutions / by Spyros G. Stavrinakis; Christian Harm; David T. Llewellyn; Bridget Gandy, Peter Shaw, Peter Tebbutt and Mark Young

Economic Convergence in South-Eastern Europe: Will the Financial Sector deliver? / by Valerie Herzberg and Max Watson

Information and Uncertainty in the Theory of Monetary Policy / by Helmut Wagner

The Adoption of the Euro, Choice of Currency Regime and Integration of Payment Systems / by Michael C. Bonello, George M. von Furstenberg, Kari Kemppainen/Sinikka Salo

Macroeconomic Adjustment in the New EU Member States / by Jürgen von Hagen and Iulia Traistaru-Siedschlag

Measuring Scale Economies in a Heterogeneous Industry: The Case of European Settlement Institutions / by Patrick van Cayseele and Christophe Wuyts

Visions about the Future of Banking / by Hans J. Blommestein

Fiscal Issues in the New EU Member Countries: Prospects and Challenges / by Helmut Wagner

Inflation Targeting and its Effects on Macroeconomic / by Thórarinn G. Pétursson

Internationalization of Banks: Strategic Patterns and Performance / by Alfred Slager

Banking Mergers and Acquisitions in the EU: Overview, Assessment and Prospects / by Rym Ayadi and Georges Pujals

Trends in Competition and Profitability in the Banking Industry: A Basic Framework / by Jacob A. Bikker and Jaap S.B. Bos

Will the Adoption of Basel II Encourage Increased Bank Merger Acticity? Evidence from the United States / by Timothy H. Hannan and Steven J. Pilloff

Two new measures of banking efficiency / Riccardo Brogi and Paolo Santella

From floating to monetary union: The economic distance between exchange rate regimes / Eduard H. Hochreiter and Pierre L. Siklos

Electronic purses in Euroland: Why do penetration and usage rates differ? / by Leo van Hove

Northern and Eastern Enlargement of EMU: Do Structural Reforms Matter? / by Andrew Hughes Hallett, Svend E. Hougaard Jensen and Christian Richter

European Monetary and Financial Integration: Evolution and Prospects / by Jean-Paul Abraham, Franco Bruni, Alexandre Lamfalussy, Roert Raymond, Jean-Claude Trichet

Supervisory Systems, Fiscal Soundness and International Capital Movement, More Challenges for New EU Members / by Andreas Grünbichler and Patrick Darlap, Sinikka Salo, Leslie Lipschitz, Timothy Lane and Alex Mourmouras

Russia’s Financial Markets Boom, Crisis and Recovery 1995-2001 Lessons for Emerging Markets Investors / by Ralph Süppel

Securing Financial Stability: Problems and Prospects for New EU Members / by Michael C. Bonello, Fabrizio Saccomanni, Claudia M. Buch, Jörn Kleinert and Peter Zajc

Monetary and Financial Thinking in Europe: Evidence from Four Decades of SUERF / by Jean-Paul Abraham

The EU Experience in Financial Services Liberalization: A Model for GATS Negotiations? / by Paola Bongini

The Theory of Financial Intermediation, An Essay on What it Does (Not) Explain / by Bert Scholtens and Dick van Wensveen

European Financial Cross-Border Consolidation: At the crossroads in Europe? By exception, evolution or revolution? / by Jean-Paul Abraham & Peter Van Dijcke

Bank Management between Shareholders and Regulators / by Christian Harm

Ongoing Changes in the Business Cycle - Evidence and Causes / by Thomas Dalsgaard, Jørgen Elmeskov, Cyn-Young Park

Is there a Future for Regional Banks and Regional Exchanges? The Strategies of Selected Austrian Finance Institutions / by David T. Llewlleyn, R. Ortner, H. Stepic, St.K. Zapotocky

Banking Internationalisation and the Expansion Strategies of European Banks to Brazil during the 1990s / by Luiz Fernando de Paula

Implications of Globalisation for Monetary Policy / by Helmut Wagner

Financial System Transition in Central Europe: The First Decade / by Thomas Reininger, Franz Schardax and Martin Summer

Italian Mutual Banks: Performance, Efficiency and Mergers and Acquisitions / by Juan Sergio Lopez, Alessandra Appennini, and Stefania P.R. Rossi & Roberto Di Salvo, Maria Carmela Mazzilis,and Andrea Guidi

Reflections on the Regulation of European Securities Markets / by Alexandre Lamfalussy

Investments in Painting: The interaction of monetary return and psychic income / by M.M.G. Fase

Company Financing, Capital Structure, and Ownership: A Survey, and Implications for Developing Economies / by Sanjiva Prasad, Christopher J. Green and Victor Murinde

Central Banking and the Choice of Currency Regime in Accession Countries / by Willem H. Buiter and Clemens Grafe

The Federal Reserve System Discussed: A Comparative Analysis / by M.M.G. Fase and W.F.V. Vanthoor

The Spanish Bank’s Strategy in Latin America / by Miguel Sebastian and Carmen Hernansanz

The New Capital Adequacy Framework - Institutional Constraints and Incentive Structures / by Cem Karacadag and Michael W. Taylor

Strengthening Financial Infrastructure Deposit Insurance and Lending of Last Resort / by Richard Dale; Franco Bruni and Christian de Boissieu

Emerging Stock Markets after the Crises / by Sarah Hewin, John Calverley and Kevin Grice

The New Economics of Banking / by David T. Llewellyn

Towards an Understanding of the Changing Structure of Financial Intermediation: An Evolutionary Theory of Institutional Survival / by Joseph Bisignano

Corporate Governance in Central and Eastern Europe: Transition management is a tough job / by Debora Revoltella and Peter R. Haiss & Gerhard Fink

Does Sweden Need a Mandatory Bid Rule? A Critical Analysis / by Rolf Skog

Governance of stakeholder relationships: The German and Dutch experience / by George M.M. Gelauff and Corina den Broeder