
SUERF - The European Money and Finance Forum is an independent, non-profit network association of central banks, supervisors, financial institutions, academic institutions, and financial sector practitioners. It provides a unique forum for information, research, networking and debate on financial and monetary issues, financial regulation and supervision, and monetary policy.
Expanding zero-interest minimum reserve requirements: aims, effects, and side-effects / online / 12 Dec, 2023
Equilibrium Real Interest Rates – concepts, current and future drivers: New insights and policy implications / hybrid, Vienna / 07 Dec, 2023
Investment and Competitiveness in a Changing World / in-person, Luxembourg / 29 Nov - 30 Nov, 2023
Key takeaways from the ECB’s new Financial Stability Review / online / 23 Nov, 2023
Safeguarding macro & financial stability in a fragile environment: Transmission channels and policy challenges / online / 16 Nov, 2023
Global trends in climate change litigation: 2023 snapshot / online / 14 Nov, 2023
Executive Programme in Gold Reserves Management / Vienna, Austria / 02 Oct - 05 Oct, 2023
Household Finance and Consumption Survey (HFCS) / online / 28 Sep, 2023
20 years of Macroprudential Policy in Europe – Looking back and looking ahead / hybrid, Bratislava / 21 Sep - 22 Sep, 2023
Robert Triffin’s life and research: Takeaways for the current and future international monetary order / online / 13 Sep, 2023
Financial markets: Systemic risks in plumbing? / online / 04 Sep, 2023
Key findings from the 2023 EBA EU-wide stress tests / online / 31 Aug, 2023
The value added of central bank digital currencies / online / 06 Jul, 2023
The International Role of the Euro: Geopolitical tensions, inflation and rising yields – what impact on international currencies? / online / 21 Jun, 2023
Key takeaways from the ECB’s new Financial Stability Review / online / 01 Jun, 2023
Monetary policy in uncertain times: Towards robustness and resilience / hybrid, Vienna / 22 May - 23 May, 2023
The recent market turmoil: Lessons for market exits of systemically important banks / online / 17 May, 2023
Monetary Policy Normalization and Market Functioning in the Euro Area / hybrid, Milan / 08 May, 2023
The use of surveys for monetary and economic policy / hybrid, Rome / 26 Apr - 27 Apr, 2023
Completing a Genuine Economic and Monetary Union / online / 18 Apr, 2023
Crypto assets and decentralized finance – what way forward? / Vienna, Austria / 30 Mar, 2023
Measuring economic slack or shortages: new methods and ways forward / online / 27 Mar, 2023
Why are central banks reporting losses? Does it matter? / online / 21 Mar, 2023
Gold as International Reserves: A Barbarous Relic No More? / online / 16 Mar, 2023
How the multilateral financial system can preserve global integration / hybrid, Vienna / 22 Feb, 2023
Navigating Monetary Tightening Through Fragile Markets / online / 16 Feb, 2023
Gauging (dis)inflation pressures: Comparing tools and current findings / online / 10 Feb, 2023
Global discord: Values and power in a fractured world order / hybrid, Vienna / 23 Jan, 2023
Assessing the liquidity premium in the Italian bond market / Maria Ludovica Drudi, Giulio Carlo Venturi
Easier said than done: Predicting downside risks to house prices in Croatia / Tihana Škrinjarić, Maja Sabol
Monetary policy transmission below zero: In search of the reversal rate / Zuzana Fungáčová, Eeva Kerola, Olli-Matti Laine
Monetary policy rules: model uncertainty meets design limits / Alexander Dück, Fabio Verona
Lessons from 100 inflation shocks / Anil Ari, Carlos Mulas-Granados, Victor Mylonas, Lev Ratnovski, Wei Zhao
When banks’ shadow fades and shadow banking rises: Securitization and loan performance in China / Di Gong, Jin Wu, Jigao Zhu
The BBVA Research Geopolitics Monitor: Tracking Geopolitical Sentiment and Events using Natural Language Techniques / Alvaro Ortiz, Tomasa Rodrigo, Jorge Sicilia
Central banks’ endgame: a new policy paradigm / Mahmood Pradhan, Lorenzo Portelli, Tristan Perrier
Fiscal sources of inflation risk in EMDEs: the role of the external channel / Ryan Banerjee, Valerie Boctor, Aaron Mehrotra, Fabrizio Zampolli
Impact assessment of high inflation on Greek public finances. Does the type of inflation matter? Evidence from a highly indebted country / Sophia Lazaretou, George Palaiodimos
Foreign economic policy uncertainty shocks and real activity in the Euro area / Filippo Arigoni, Črt Lenarčič
ECB Minimum Reserves - 10% or 10% less Government Bonds? / Gunter Deuber, Franz Zobl
Can the green transition be risky for Slovak banks? / Jozef Kalman, Ján Klacso, Roman Vasiľ, Juraj Zeman
How usable are capital buffers? An empirical analysis of the interaction between capital buffers and the leverage ratio since 2016 / Georg Leitner, Michal Dvořák, Alessandro Magi, Balázs Zsámboki
Transmission of interest rate hikes depends on the level of central bank reserves held by banks / Daniel Fricke, Stefan Greppmair, Karol Paludkiewicz
Underlying Inflation, Regime Shifts and Asymmetric Risks / Hervé Le Bihan, Danilo Leiva-León, Matías Pacce
Banks’ credit forecasts excel at rank ordering but miss the evolution of losses / Martin Birn, Renzo Corrias, Christian Schmieder, Nikola Tarashev
The Road to Paris: stress testing the transition towards a net-zero economy / Tina Emambakhsh, Maximilian Fuchs, Simon Kördel, Charalampos Kouratzoglou, Chiara Lelli, Riccardo Pizzeghello, Carmelo Salleo, Martina Spaggiari
Macroprudential stance assessment: problems of measurement and literature review / Tihana Škrinjarić
Superkurtosis: High-frequency trading and risk management / Stavros Degiannakis, George Filis, Grigorios Siourounis
Quantitative easing, accounting and prudential frameworks, and bank lending / Andrea Orame, Rodney Ramcharan, Roberto Robatto
Monetary policy rules under bounded rationality / Michael Dobrew, Rafael Gerke, Daniel Kienzler, Alexander Schwemmer
Inflation expectations in CESEE are shaped by the sentiment and experiences of individuals / Katharina Allinger, Fabio Rumler
How and why? Monitoring cement production with satellites and neural networks / Alexandre d’Aspremont, Simon Ben Arous, Jean-Charles Bricongne, Benjamin Lietti, Baptiste Meunier
Protect the Safe Core: Restating the Central Bank Mandate / Enrico Perotti
Firm leverage and the low-carbon transition in Europe / Olimpia Carradori, Margherita Giuzio, Sujit Kapadia, Dilyara Salakhova, Katia Vozian
Labour at risk / Vasco Botelho, Claudia Foroni, Andrea Renzetti
How would banks respond to central bank digital currency? / Barbara Meller, Oscar Soons
Do firms listen when the ECB speaks? The impact of monetary policy shocks on firms’ bank loan expectations / Annalisa Ferrando, Caterina Forti Grazzini
Can fossil fuel companies really support a carbon tax? / Alain Naef
Analysis of CBDC Narrative by Central Banks using Large Language Models / Andrés Alonso Robisco, José Manuel Carbó
High Debt Levels Can Impede Monetary Policy / Luis Brandao-Marques, Marco Casiraghi, Gaston Gelos, Olamide Harrison, Gunes Kamber
Shrinking the Eurosystem’s footprint without offshoring the euro / Robert N McCauley
Has the IMF’s 2021 general SDR allocation been useful? For what and for whom? / Isabel Garrido, Irune Solera
Forecasting euro area inflation with machine learning models / Michele Lenza, Inés Moutachaker, Joan Paredes
Should credit lines be regulated? / Jose E. Gutierrez
Policy Insights from ICT Trade: Exploring the Influence of Regulatory Convergence / Mahdi Ghodsi
The role of demand and supply factors during a period of high inflation – the case of Ireland / Thomas Conefrey, Darragh McLaughlin
Who Needs an e-Yuan? / Christian Pfister, Nicolas de Sèze
Is cash losing its role as store of value? / Carl Andreas Claussen, Björn Segendorf, Franz Seitz
What drives inflation? Disentangling demand and supply factors / Sandra Eickmeier, Boris Hofmann
The state-dependent impact of changes in bank capital requirements / Jan Hannes Lang, Dominik Menno
The Term Structure of Inflation Forecasts Disagreement and Monetary Policy Transmission / Alessandro Barbera, Dora Xia, Sonya Zhu
Does Innovation Converge? / Bryan Hardy, Can Sever
Energy price shocks and inflation in the euro area / Stefano Neri, Fabio Busetti, Cristina Conflitti, Francesco Corsello, Davide Delle Monache, Alex Tagliabracci
The Mortgage Servicing Channel: Understanding Monetary Policy Transmission through Shadow Banks / Isha Agarwal, Malin Hu, Raluca A. Roman, Keling Zheng
Mortgage borrowing caps: leverage, default, and welfare / João G. Oliveira, Leonor Queiró
The D-model for GDP nowcasting / Stavros Degiannakis
Asset Prices, Collateral and Bank Lending - The Case of Covid-19 and Real Estate / Aoife Horan, Barbara Jarmulska, Ellen Ryan
Global decarbonization from the perspective of fossil fuel dependent economies / Lars Jensen
Is climate policy risk priced in by European stock investors? / Philippe Loyson, Rianne Luijendijk, Sweder van Wijnbergen
Gross bond issuance by Italian banks: key trends in times of crisis and unconventional monetary policy / Donato Ceci, Alessandro Montino, Sara Pinoli, Andrea Silvestrini
A two-tier system of minimum reserve requirements by De Grauwe and Ji (2023): A closer look / Claudia Kwapil
How supply shocks drive disagreement in monetary policy / Carlos Madeira, Joao Madeira, Paulo Santos Monteiro
Mind the gaps: Financial Cycles and Output Gap in the euro area / Justine Guillochon, Julien Le Roux
Asset allocation and risk taking under different interest rate regimes / Lieven Hermans, Thomas Kostka, Danilo Vassallo
E-commerce and Price Setting: Evidence from Europe / Georg Strasser, Elisabeth Wieland, Paweł Macias, Aneta Błażejowska, Karol Szafranek, David Wittekopf
On the Origins of the Federal Reserve System and Its Structure / Owen F. Humpage
The European Commission’s crisis management and deposit insurance (CMDI) proposal increases system-wide liquidity risk and makes more banks systemic / Stefan W. Schmitz, Michaela Posch, Peter Strobl
Money and inflation / Isabel Schnabel
What An Acceleration of Quantitative Tightening Could Mean For Eurozone Banks / Nicolas Charnay, Pierre Hollegien, Sylvain Broyer, Aude Guez
Mental Accounting and the Marginal Propensity to Consume / René Bernard
Including Carbon Taxation Risk in Deutsche Bundesbank’s In-house Credit Assessment System (ICAS): An Empirical Analysis / Justus Grundmann, Laura Auria
The external financial spillovers of CBDCs / Alessandro Moro, Valerio Nispi Landi
Climate risks in Latin America and the Caribbean: are banks ready for the green transition? / Barbara Marchitto, Ricardo Santos, Joana Conde
Innovation, Industry Equilibrium, and Discount Rates / Maria Cecilia Bustamante, Francesca Zucchi
Identifying the security lending channel in a central bank’s asset purchase program: a case of Bank of Japan’s ETF purchases / Mitsuru Katagiri, Junnosuke Shino, Koji Takahashi
Central Banks: Firefighters or Pyromaniacs in Recent Crises? / Marc-Olivier Strauss-Kahn
Gauging price pressures in the euro area with the inflation compass / Nuno Lourenço, João Quelhas, António Rua
An Unconventional FX Tail Risk Story / Carlos Cañon, Eddie Gerba, Alberto Pambira, Evarist Stoja
Bonds at a premium: the impact of insurers on corporate bond issuers / Christian Kubitza
Technological change and the destabilisation of bank deposits: Assessment and policy implications / Ulrich Bindseil, Richard Senner
Fear The Walking Dead? Zombie Firms in the Euro Area and Their Effect on Healthy Firms’ Credit Conditions / Lea Katharina Havemeister, Kristian Horn
The long-term effects of inflation on inflation expectations / Fabio Braggion, Felix von Meyerinck, Nic Schaub, Michael Weber
How does climate change reshape the corporate sector? Evidence from Italian firms / Michele Cascarano, Filippo Natoli, and Andrea Petrella
Fear (no more) of Floating: How emerging market central banks avoided a currency meltdown during the pandemic despite purchasing local-currency assets / Yasin Mimir, Enes Sunel
Leaving the eurozone but staying in the EU. Can it be done? And is it wise? / Wim Boonstra
Can monetary policy ignore financial stability risks? / Sulkhan Chavleishvili, Manfred Kremer, Frederik Lund-Thomsen
How asymmetries of information can amplify house price shocks to the supply of mortgage credit? / Salomón García
To use or not to use? Capital buffers and lending during a crisis / Vítor Oliveira, Diogo Serra
US Monetary Policy Spillovers To Emerging Markets: The Role of Trade Credit / Mélina London, Maéva Silvestrini
Stylised facts on the effectiveness of macroprudential policy / Pedro Duarte Neves
The current Polycrisis versus the Global Financial Crisis / Marc-Olivier Strauss-Kahn
Nowcasting World Trade with Machine Learning: a Three-Step Approach / Menzie Chinn, Baptiste Meunier, Sebastian Stumpner
How does changing pricing behavior affect inflation? Evidence from Euro Area microdata / Juhana Hukkinen, Matti Viren
Cash plays a key role for various groups at risk / Carin van der Cruijsen, Jelmer Reijerink
How producer price changes transmit into final goods prices / Edvin Ahlander, Mikael Carlsson, Mathias Klein
More uncertainty, but no financial compensation: Wage differentials between permanent and flexible jobs in The Netherlands / Cindy Biesenbeek, Maikel Volkerink
Macroeconomic News, the Financial Cycle and the Commodity Cycle: the Chinese Footprint / Flavia Corneli, Fabrizio Ferriani, Andrea Gazzani
Explaining the endurance of price level differences in the euro area / Huw Dixon, Pavlos Petroulas, Theodora Kosma
An Analysis of Business Cycle Fluctuations in Slovenia and the Euro Area / Jan Radovan
How to Design Carbon Pricing Under Financial Constraints? Revisiting Pigouvian Taxation when Borrowers are “Too Levered for Pigou” / Robin Döttling, Magdalena Rola-Janicka
Could Green Growth Be An Oxymoron? / Paul Gruenwald
Fifty Shades of QE Revisited / Martin Weale, Tomasz Wieladek
Fifty shades of QE: Robust evidence / Brian Fabo, Martina Jancokova, Elisabeth Kempf, Lubos Pastor
The Economics of Public Policy Leaks: New Evidence from Central Banking / Michael Ehrmann, Phillipp Gnan, Kilian Rieder
Too Low for Too Long: Could Extended Periods of Ultra-Easy Monetary Policy Have Harmful Effects? / Etibar Jafarov, Enrico Minnella
The drivers of market-based inflation expectations in the euro area and in the US / Christian Höynck and Luca Rossi
Adoption, Fragility and Regulation of Stablecoins / Christoph Bertsch
Forecasting banknote circulation during the COVID-19 pandemic using structural time series models / Nikolaus Bartzsch, Marco Brandi, Lucas Devigne, Raymond de Pastor, Gianluca Maddaloni, Diana Posada Restrepo, Gabriele Sene
Central clearing in turbulent times: frontiers in regulation and oversight / Fabio Panetta
The Quest for Deposit Stability / Fernando Restoy
The European Commission Proposals for Reform of the Stability and Growth Pact: On the right track but not there yet / Jakob de Haan, Fabian Amtenbrink
Rethinking the trade specialisation concept: from products to functions / Aleksandra Kordalska, Magdalena Olczyk
The Spillover Effects of ECB Policies in a Small Open Economy framework / Bledar Hoda
The climate change challenge and fiscal instruments and policies in the EU / Aris Avgousti, Francesco Caprioli, Giacomo Caracciolo, Marion Cochard, Pietro Dallari, Mar Delgado-Téllez, João Domingues, Marien Ferdinandusse, Daniela Filip, Carolin Nerlich, Doris Prammer, Katja Schmidt, Anastasia Theofilakou
Peeling the onion: US bank stress not spreading to Euro area / Ravi Balakrishnan, Marco Protopapa
Should we bother with sovereign sustainability bonds? / Daniel C. Hardy
Building Central Bank Credibility: The Role of Forecast Performance / Michael McMahon, Ryan Rholes
The macroeconomic effects from the energy transition will be large and diverse / Alberto Americo, Jesse Johal, Christian Upper
Macroprudential Policy and Bank Systemic Risk: Does Inflation Targeting Matter? / Mohamed Belkhir, Sami Ben Naceur, Bertrand Candelon, Woon Gyu Choi, Farah Mugrabi
Rising energy prices and productivity: short-run pain, long-term gain? / Christophe André, Hélia Costa, Lilas Demmou, Guido Franco
Identifying money and inflation expectation shocks on real oil prices / Szilard Benk, Max Gillman
Leading indicators of financial stress: a regime switching approach / Tihana Škrinjarić
Do non-banks need access to the lender-of-last-resort? Evidence from fund runs / Johannes Breckenfelder, Marie Hoerova
European bank performance – as good as it gets, despite recent wobbles? / Jan Schildbach
Technology to combat climate change: where is investment flowing? / Giulio Cornelli, Jon Frost, Leonardo Gambacorta, Ouarda Merrouche
CBDC and business cycle dynamics in a New Monetarist New Keynesian model / Katrin Assenmacher, Lea Bitter, Annukka Ristiniemi
How to measure inflation volatility. A Note. / Alfredo Garcia-Hiernaux, Maria T. Gonzalez-Perez, David E. Guerrero
Resource Misallocation and TFP Gap Development in Austria / Richard Sellner, Nico Pintar, Norbert Ernst
Consumer Savings Behaviour at Low and Negative Interest Rates / Marco Felici, Geoff Kenny, Roberta Friz
House price expectations and inflation expectations: Evidence from survey data / Vedanta Dhamija, Ricardo Nunes, Roshni Tara
Exploring the informational role of inflated credit ratings / Anna Bayona, Oana Peia, Razvan Vlahu
Solving the enforcement dilemma of the EU fiscal rules / Paul Dermine, Martin Larch
Money growth and consumer price inflation in the euro area / Martin Mandler, Michael Scharnagl
Dirty home, clean abroad: Implications of the “carbon home bias” / Martijn Boermans, Rients Galema
How the central bank collateral framework shapes the outcomes of liquidity stress test models / Angelo Cuzzola, Claudio Barbieri, Ulrich Bindseil
A proposal for the European Green Transition via Significant Risk Transfer Securitisations / Fernando Gonzalez, Giuliano Giovannetti
No time to slack: nowcasting employment in the euro area / Marta Bańbura, Irina Belousova, Katalin Bodnár, Máté Barnabás Tóth
Privatization Effects on Central and Eastern European Enterprises: An Empirical Framework from a Bibliometric Analysis / Margerita Topalli, Silvester Ivanaj
Has monetary policy changed for good? A retrospective on recent history and implications going forward / Stefano Neri
2020s vs 1970s: echoes, not a replay / Monica Defend, Vincent Mortier
Gauging the macroeconomic effects of higher carbon prices / Günter Coenen, Matija Lozej, Romanos Priftis
When Do Credit Booms Become Troublesome? / Eddie Gerba, Danilo Leiva-León, Johannes Poeschl
Impact of fiscal measures in response to the COVID-19 pandemic on small-open economies: lessons from Slovenia / Filippo Arigoni, Miha Breznikar, Črt Lenarčič, Matjaž Maletič
Identifying financial fragmentation in the euro area / Jan Kakes, Jan Willem van den End
Macroprudential policy is a key defense line against global financial shocks / Katharina Bergant, Francesco Grigoli, Niels-Jakob Hansen, Damiano Sandri
Large shock, small adjustment – Evidence from the 2021 energy crisis / Matteo Alpino, Luca Citino, Annalisa Frigo
Thirty Years Of The EU Single Market: Why Cross-Border Capital Flows Remain Sluggish, Despite Positive Developments / Sylvain Broyer, Aude Guez
Macroprudential policy in the high inflation environment: Sailing uncharted waters / Carsten Detken, Ján Klacso, Reiner Martin
Who holds sovereign debt and why it matters / Xiang Fang, Bryan Hardy, Karen K Lewis
CCP initial margin models: A peek under the hood / Ismael Alexander Boudiaf, Martin Scheicher, Francesco Vacirca
Are firms credit constrained? Answers from a Swedish credit registry / Niklas Amberg, Tor Jacobson, Vincenzo Quadrini, Anna Rogantini Picco
Practical Offline Payments Using One-Time Passcodes / Priscilla Huang, Emmanuel Benoist, Christian Grothoff, Sebastian Javier Marchano
Interdependence between assets and liabilities in the banking system: changes in the last two decades / Valentina Michelangeli, Fabio Massimo Piersanti
Insights into Credit Loss Rates: A Global Database / Li Lian Ong, Christian Schmieder, Min Wei
Does Green Transition promote Green Innovation and Technological Acquisitions? / Udichibarna Bose, Wildmer Daniel Gregori, Maria Martinez Cillero
Misallocation and Productivity Growth: a Meta-analysis / Maurice Bun, Theoplasti Kolaiti, Tolga Özden
On the effectiveness of dividend restrictions as supervisory policy tool / Ernest Dautović, Leonardo Gambacorta, Alessio Reghezza
News or Animal Spirits? Consumer Confidence and Economic Activity: Redux / Sangyup Choi, Jaehun Jeong, Dohyeon Park, Donghoon Yoo
Should inequality factor into central banks’ decisions? / Niels-Jakob H. Hansen, Alessandro Lin, Rui C. Mano
After the crypto-winter, the spring of crypto-assets regulation and supervision / Denis Beau
A common tool for a greener future: The case for an EU Climate and Energy Security Fund / Laurent Abraham, Marguerite O’Connell, Iñigo Arruga Oleaga
Digital Euro: An assessment of the first two progress reports / Dirk Niepelt
Sovereign exposures of European banks - revisited / Heike Mai
Climate change risks and the energy and emission allowances market – An analysis based on EMIR data / Merel Vrolijk, Ellen van der Woerd, Elisabeth de Vogel
The effects of negative interest rates on bank market power: implications for euro area banks’ lending channel and stability / Yener Altunbas, Giuseppe Avignone, Christoffer Kok, Cosimo Pancaro
Is the EU Money Market Fund Regulation fit for purpose? Lessons from the COVID-19 turmoil / Laura-Dona Capotă, Michael Grill, Luis Molestina Vivar, Niklas Schmitz, Christian Weistroffer
The use of surveys for monetary and economic policy / Luigi Federico Signorini
Does it matter where and how governments spend? / Ernil Sabaj, Rashid Sbia, Haytem Troug
BigTech Credit and Monetary Policy Transmission / Yiping Huang, Xiang Li, Han Qiu, Changhua Yu
Back to the future: gold in international reserves as a new stabilizer (again!) of exchange rate systems / Aleksandr V. Gevorkyan, Tarron Khemraj
Alexandre Lamfalussy and the origins of instability in capitalist economies / Ivo Maes
Monetary and financial stability – can they be separated? / Isabel Schnabel
Empowering central bank money for a digital future / Martin Diehl, Constantin Drott
Assessing the “Tragedy of the Horizons”: Conceptual underpinnings of the NGFS scenarios and suggestions for improvement / Irene Monasterolo, María J. Nieto, Edo Schets
What are the short-to-medium-term effects of extreme weather on the Croatian economy? / Tihana Škrinjarić
Navigating the Tightrope: Balancing Financial Stability and Inflation in the Age of Persistent Financial Cycles and Crises / Thore Kockerols, Erling Motzfeldt Kravik, Yasin Mimir
Measuring the Temporal Dimension of Text: An Application to Policymaker Speeches / David Byrne, Robert Goodhead, Michael McMahon, Conor Parle
Do hawks sit on stronger branches? Central banks’ equity and policy reactions / Marcel Barmeier, André Casalis
Boosting the Green Transition: Greenhouse gas emissions and bank lending / Koji Takahashi, Junnosuke Shino
Reforming the Monetary System for the Digital Age / Burkhard Drees, Sunil Sharma
Don’t blame the government!? An assessment of debt forecast errors with a view to the Economic Governance Review / Alena Bachleitner, Doris Prammer
Lessons from forecast averaging residential investment / Carlos Cañizares Martínez, Gabe de Bondt, Arne Gieseck
Getting up from the floor / Claudio Borio
How often and how much do food prices change during periods of high inflation – an analysis of online prices in Austria / Christian Beer, Robert Ferstl, Bernhard Graf, Fabio Rumler
Debt-for-nature swaps: a two-fold solution for environmental and debt sustainability in developing countries? / Quentin Paul, Romain Svartzman, Pierre-François Weber
What to expect after “effortless” debt reduction in the euro area? / Matthias Reith
Is digitalisation the gamechanger it promised to be for firms’ productivity growth? / Robert Anderton, Vasco Botelho, Paul Reimers
The environmental goods and services sector is the keystone of net zero: Let’s subsidize it! / Eric Jondeau, Grégory Levieuge, Jean-Guillaume Sahuc, Gauthier Vermandel
The digital euro: a precautionary device, not a deus-ex-machina / Ignazio Angeloni
CBDC Policies in Open Economies / Michael Kumhof, Marco Pinchetti, Phurichai Rungcharoenkitkul, Andrej Sokol
The Big Problem of Small Syndicates / Mingze Gao, Iftekhar Hasan, Buhui Qiu, Eliza Wu
Does IFRS 9 increase banks’ resilience? / Arndt Kund, Daniel Rugilo
Euro Area inflation differentials: the role of fiscal policies revisited / Cristina Checherita-Westphal, Nadine Leiner-Killinger, Teresa Schildmann
Commodity prices and the US dollar / Daniel Rees
Critical metals for the low-carbon transition: macro-financial issues / Stéphane Dees, Simon Dikau, Hugh Miller, Romain Svartzman
On the Macroeconomic Effects of Reinvestments in Asset Purchase Programmes / Rafael Gerke, Daniel Kienzler, Alexander Scheer
Can machine learning help forecasting fiscal crises in emerging and developing countries? / Raffaele De Marchi, Alessandro Moro
Do unrealised bank losses affect loan pricing? / Matjaž Volk
The effectiveness of green collateral policy as an instrument of climate policy / Francesco Giovanardi, Matthias Kaldorf, Lucas Radke, Florian Wicknig
Monetary and fiscal policies as anchors of trust and stability / Agustín Carstens
Will a Green Transition lead to Greenflation? / Conny Olovsson, David Vestin
Monetary policy and the drifting natural rate of interest / Sandra Daudignon, Oreste Tristani
Labour market differences and monetary policy in the euro area / Sandra Gomes, Pascal Jacquinot, Matija Lozej
The effect of extreme temperatures on the US economy and on the conduct of monetary policy / Filippo Natoli
Moving apart – the financial sectors in UK and EU post-Brexit / Thorsten Beck, Christy Ann Petit
House prices and ultra-low interest rates: Exploring the non-linear nexus / Daniel Dieckelmann, Hannah S. Hempell, Barbara Jarmulska, Jan Hannes Lang, Marek Rusnák
Has the euro changeover really caused extra inflation in Croatia? / Matteo Falagiarda, Christine Gartner, Ivan Mužić, Andreja Pufnik
Learning with uncertain inflation target / Stefano Marzioni, Guido Traficante
Window dressing of Regulatory Metrics: Evidence from Repo Markets / Claudio Bassi, Markus Behn, Michael Grill, Martin Waibel
Exploring labour market tightness and its implications: a case study for Slovenia / Mojca Lindič
Catching the green-tech train: technology and climate change mitigation / Claire Alestra, Gilbert Cette, Valérie Chouard, Rémy Lecat
Dump the Hump: How Education Impacts Consumption Smoothing and Macroeconomic Outcomes / Svend E. Hougaard Jensen, Sigurdur P. Olafsson, Thorsteinn S. Sveinsson, Gylfi Zoega
The Digital Euro (CBDC) as a Monetary Anchor of the Financial System / Peter Bofinger, Thomas Haas
Monetary Policy in the Presence of Supply Constraints / Almut Balleer, Marvin Noeller
The Stability and Growth Pact three decades later / Juhana Hukkinen, Matti Viren
Regulators as Risk Managers: Macroprudential Policy through a Risk Management Lens / Daniel Dimitrov, Sweder van Wijnbergen
Supply matters / Andrew Bailey
Back to normal? Balance sheet size and interest rate control / Isabel Schnabel
Loose Monetary Policy and Financial Instability / Maximilian Grimm, Òscar Jordà, Moritz Schularick, Alan M. Taylor
Leaning against the Global Financial Cycle / Andrea Ferrero, Maurizio Michael Habib, Livio Stracca, Fabrizio Venditti
Evaluating the macroprudential stance in a growth-at-risk framework / Dominic Cucic, Ianna Georgieva Yordanova, Niels Framroze Møller, Simon Gade Søndergaard
Will the Green Transition Be Inflationary? Expectations Matter / Alessandro Ferrari, Valerio Nispi Landi
Why there is no need to stray from the original ideas behind the Bank Recovery and Resolution Directive / Jesper Berg, Steffen Ulrik Lind
Unraveling the Structure of Nested Decentralized Finance (DeFi) Protocols / Stefan Kitzler, Friedhelm Victor, Pietro Saggese, Bernhard Haslhofer
A friend in need is a friend indeed? Nonbanks and lending relationships during crises / Iñaki Aldasoro, Sebastian Doerr, Haonan Zhou
How prevalent are investment funds in cross-border investment? / Pınar Yeşin
Technology and Asset Liquidations: Evidence from Real Estate Collateral / Francesco Mazzola
The impact of the war in Ukraine on energy prices: consequences for firms’ financial performance / Fabrizio Ferriani, Andrea Gazzani
Machine Learning Methods in Climate Finance: a Systematic Review / Andrés Alonso-Robisco, José Manuel Carbó, José Manuel Marqués
Climate stress tests: Are banks fit for the green transition? / Ursula Walther
The euro interest rate swap market: Recent trends in trading activity and liquidity / Federico Babbi, Immo Frieden, Martin Scheicher
Who funds zombie firms: banks or non-banks? / Saara Tuuli
Lower for longer under Endogenous Technology Growth / Michaela Elfsbacka Schmöller, Martin Spitzer
CCPs United: the hidden dangers of shared clearing membership / Luitgard A. M. Veraart, Iñaki Aldasoro
The Euro Area Great Inflation Surge / Guido Ascari, Paolo Bonomolo, Marco Hoeberichts, Riccardo Trezzi
Conditional density forecasting: a tempered importance sampling approach / Carlos Montes-Galdón, Joan Paredes, Elias Wolf
Bank lending to small firms: metamorphosis of a financing model / Paolo Finaldi Russo, Valentina Nigro, Sabrina Pastorelli
Is the ECB Monetary Tightening Effective? The Role of Bank Funding and Asset Structure / Matjaž Volk
Using machine learning to measure financial risk in China / Alexander Al-Haschimi, Apostolos Apostolou, Andres Azqueta-Gavaldon, Martino Ricci
How shocks to Chinese supply chains affect US and euro area manufacturing / Makram Khalil, Marc-Daniel Weber
Issuing bonds during the Covid-19 pandemic: is there an ESG premium? / Fabrizio Ferriani
Climate Risks in Albania and their Relevance to the Central Bank / Margerita Topalli, Pierre Monnin
The Determinants of Cash Holdings: The case of France / Franz Seitz, Lucas Devigne, Raymond de Pastor
When policies get in the way of profit shifting to tax havens / Joana Garcia
How does offshoring shape labour market imperfections? A comparative analysis of Belgian and Dutch firms / Sabien Dobbelaere, Catherine Fuss, Mark Vancauteren
Should central banks raise inflation targets? / Ernest Gnan, Robert Holzmann
Energy shocks and corporate performance, the case of Croatia / Ivan Huljak
Navigating the housing channel of monetary policy across euro area regions / Niccolò Battistini, Matteo Falagiarda, Angelina Hackmann, Moreno Roma
Disruptions in global supply chains drive inflation in the euro area / David Finck, Peter Tillmann
The fear of job loss as a driver of households’ labour supply / Wouter Gelade, Maud Nautet, Céline Piton
Modeling Semiconductor Export Restrictions and the US-China Trade Conflict / Michael Funke, Adrian Wende
Macroprudential policy and real estate funds / Manuel A. Muñoz, Frank Smets
Consistent economic policies: a prerequisite for macroeconomic stability / Pablo Hernández de Cos
When food bites back: What quarterly firm-level data reveal about food inflation / André Casalis
A New EU Economic Governance and Fiscal Framework: what role for the national independent fiscal institutions (IFIs)? / Daniel Daianu
Austerity benefits the extremes / Ricardo Duque Gabriel, Mathias Klein, Ana Sofia Pessoa
Deep contractions cause economic scars that never heal / David Aikman, Mathias Drehmann, Mikael Juselius, Xiaochuan Xing
The effects of monetary policy across fiscal regimes / Roben Kloosterman, Dennis Bonam, Koen van der Veer
Federal Reserve Speeches Meet Transformer Models / Christoph Bertsch, Isaiah Hull, Robin L. Lumsdaine, Xin Zhang
Central Bank digital currencies in Africa: catching up / Enrique Alberola, Ilaria Mattei
Consumption Inequality in the Digital Age / Kai Arvai, Katja Mann
FX intervention to stabilize or manipulate the exchange rate? Inference from profitability / Damiano Sandri
Highly Dispersed inflation rates challenge the ECB’s monetary policy strategy / Thomas Url
Into the Universe of Unconventional Monetary Policy: State-dependence, Interaction and Complementarities / Andrejs Zlobins
Macroprudential FX Regulations: Sacrificing Small Firms for Stability? / María Alejandra Amado
Geopolitical scenarios for 2023 and beyond / Franz Eder
Can Machine Learning Methods Help Nowcast GDP? / Andreas Pick, Jasper de Winter
Measuring the Optimum Currency Area properties of the euro area over its 20 years’ history / Davor Kunovac, Diego Rodriguez Palenzuela, Yiqiao Sun
Borrower-based regulations push housing demand towards the suburbs / Rikke Rhode Nissen, Alessandro Tang-Andersen Martinello, Simon Juul Hviid, Christian Sinding Bentzen
ECB Significant-Bank Risk Profile and COVID-19 Crisis Containment Phase: What Approach in the Transitioning Phase? / Bozena Gulija, Costanza Russo, Dalvinder Singh
Stock Return Predictability: Comparing Macro- and Micro-Approaches / Arthur Stalla-Bourdillon
Convergence in GDP per capita in the euro area and the EU at the time of COVID-19 / Mirko Licchetta, Giovanni Mattozz
European Housing Prices: A Sticky, Gradual Decline / Sylvain Broyer, Marion Amiot, Boris S Glass, Aude Guez
Risk reduction vs risk sharing: A sticking point in the ongoing review of the EU fiscal framework? / Martin Larch, Matthias Busse, Mateja Gabrijelcic, Laszlo Jankovics, Janis Malzubris
A scientific illusion in risk management? / José María Roldán
Green Policies and Transition Risk Propagation in Production Networks / Pablo Aguilar, Beatriz González, Samuel Hurtado
Fund Flow Externalities Under the Microscope / Daniel Fricke, Stephan Jank, Hannes Wilke
Gender diversity in bank boardrooms helps to combat climate change / Leonardo Gambacorta, Livia Pancotto, Alessio Reghezza, Martina Spaggiari
Price Setting Before and During the Pandemic: Evidence from Swiss Consumer Prices / Barbara Rudolf, Pascal Seiler
Eurozone Government Bond Spreads: A Tale of Different ECB Policy Regimes / Sylvester C W Eijffinger, Mary Pieterse-Bloem
Bank and non-bank balance sheet responses to monetary policy shocks / Fédéric Holm-Hadulla, Falk Mazelis, Sebastian Rast
EU fiscal rules 2.0, more carrot than stick plus greenwashing? / Matthias Reith, Gunter Deuber
Bank Competition and Bargaining over Refinancing / Marina Emiris, François Koulischer, Christophe Spaenjers
Joint Ownership of Production Projects as a Commitment Device against Interest Groups / Nicoletta Berardi, Paul Seabright
Is it easy to hide money in the crypto economy? The case of Russia / Armin Ahari, Johannes Duong, Jakob Hanzl, Elsa Maria Lichtenegger, Lukas Lobnik, Andreas Timel
Adjusted regulation can improve capital buffer usability / Ianna Georgieva Yordanova
Introduction of the composite indicator of cyclical systemic risk in Croatia: possibilities and limitations / Tihana Škrinjarić
An international map of gender gaps / Ines Buono, Annalivia Polselli
Latent Fragility: Conditioning Banks’ Joint Probability of Default on the Financial Cycle / Paul Bochmann, Paul Hiebert, Yves Schüler, Miguel Segoviano
Finding the right mix: monetary-fiscal interaction at times of high inflation / Isabel Schnabel
The interplay between too big to fail policies and why it matters / André Ebner, Christiane Westhoff
Going native? How crypto technology may help regulators / Claudia Biancotti
The use of the Eurosystem’s monetary policy instruments and its monetary policy implementation framework in 2020 and 2021 / Marco Corsi, Yvo Mudde
Invest One -- Get Two Extra: Public Investment Crowds In Private Investment / Olegs Matvejevs, Olegs Tkacev
Get your bearings: guidelines for newspaper based economic indicators / Erik Andres-Escayola, Corinna Ghirelli, Luis Molina, Javier Perez, Elena Vidal
A modern credit guidance regime for the green transition / Katie Kedward, Daniela Gabor, Josh Ryan-Collins
The EU macroprudential review should prioritize removing regulatory overlaps and increasing the flexibility of the CCyB / Stefan W. Schmitz, Michaela Posch, Peter Strobl
European Small Business Finance Outlook: SMEs in between crises / Helmut Kraemer-Eis, Antonia Botsari, Salome Gvetadze, Frank Lang, Wouter Torfs
New Frontiers in Monetary Policy Communication: Discovering Central Bank Tweeting / Donato Masciandaro, Oana Peia, Davide Romelli
Asset Purchases and Sovereign Risk Premia in the Euro Area during the Pandemic / Robert Blotevogel, Gergely Hudecz, Elisabetta Vangelista
Introducing Green Bank Equity to fund the low-carbon transition / Aaron Janowski
Financial exposure and bank mergers - Micro and macro evidence from the EU / Laura Lebastard
Euro area’s persistent current account surplus – a reason behind a decade of low interest rates? / Tobias Schuler, Yiqiao Sun
Risk sharing and monetary policy transmission / Sebastian Hauptmeier, Fédéric Holm-Hadulla, Théodore Renault
Systemic Bank Runs: How a Misallocation of Liquidity May Trigger a Solvency Crisis / Lukas Altermatt, Hugo van Buggenum, Lukas Voellmy
The impact of portfolio-based green monetary policy / Raphael Abiry, Marien Ferdinandusse, Alexander Ludwig, Carolin Nerlich
Can we have a sudden stop for inflation? / Juhana Hukkinen, Matti Viren
Pricing of green bonds – drivers and dynamics of the greenium / Allegra Pietsch, Dilyara Salakhova
How do borrowers adjust in a household foreign currency debt crisis? / Győző Gyöngyösi, Judit Rariga, Emil Verner
Dynamic Macroeconomic Implications of Immigration / Conny Olovsson, Karl Walentin, Andreas Westermark
Monetary and macroprudential policy effectiveness and spillovers / Luc Laeven, Angela Maddaloni, Caterina Mendicino
The Links Between Emerging Market Bond Flows, Exchange Rates and Future Financial Conditions / Peter Hördahl, Giorgio Valente
Shipping freight rates and inflation in the Euro Area / Nektarios A. Michail, Konstantinos D. Melas, Lena T. Cleanthous
Should central banks be involved in historical research? / Ivo Maes
Quantitative forward guidance through interest rate projections / Boris Hofmann, Dora Xia
Strategic behaviours and the policy response to commodity price shocks / Massimo Ferrari Minesso, Maria Sole Pagliari
The surprisingly untapped potential of reallocation of economic activity to reduce carbon emissions / Gert Bijnens, Carine Swartenbroekx
Foreign demand shocks to production networks: Firm responses and worker impacts / Emmanuel Dhyne, Ken Kikkawa, Toshiaki Komatsu, Magne Mogstad, Felix Tintelnot
Finance in Africa 2022: Navigating the financial landscape in turbulent times / Colin Bermingham, Barbara Marchitto, Debora Revoltella
Do stablecoins alter the monetary policy transmission mechanism? / Pietro Cova, Alessandro Notarpietro, Patrizio Pagano, Massimiliano Pisani
Cost efficiency in the euro area banking sector and the negative interest rate environment / Giuseppe Avignone, Claudia Girardone, Cosimo Pancaro, Livia Pancotto, Alessio Reghezza
The Impact of Natural Disasters on Banks’ Impairment Flow – Evidence from Germany / Iliriana Shala, Benno Schumacher
(R-)Star gazing: Macro drivers suggest real neutral rate may have risen / Matthew Luzzetti, Brett Ryan, Justin Weidner, Amy Yang
Environmental and Social Preferences and Investments in Crypto-Assets / Pavel Ciaian, Andrej Cupak, Pirmin Fessler, d’Artis Kancs
What micro price data teach us about the inflation process: web-scraping in PRISMA / Chiara Osbat
The safe asset potential of EU-issued bonds / Tilman Bletzinger, William Greif, Bernd Schwaab
The reform of the EU fiscal framework: an enhanced surveillance role for independent fiscal councils? / Christos Chrysanthakopoulos, Athanasios Tagkalakis
A tale of three crises: synergies between ECB tasks / Karin Hobelsberger, Christoffer Kok, Francesco Paolo Mongelli
Price-at-risk: systemic risk from price-impact induced contagion / Gábor Fukker, Michiel Kaijser, Luca Mingarelli, Matthias Sydow
Did COVID-19 induce a reallocation wave? / Agostino Consolo, Filippos Petroulakis
Less Bank Failures Before Presidential Elections in Russia / Zuzana Fungáčová, Alexei Karas, Laura Solanko, Laurent Weill
Country Characteristics and Institutions as Significant Factor in Global Value Chain Integration / Mojca Lindič
Disclosure of climate change risks in credit ratings / Miriam Breitenstein, Stefania Ciummo, Florian Walch
Dual interest rates and the transmission of monetary policy / Francesca Barbiero, Lorenzo Burlon, Maria Dimou, Jan Toczynski
The complex task of reforming the EU’s electricity market - Intervention options proposed by the European Commission / Cristian Stet, Pablo Ruiz, Susan Hansen
Demystifying wholesale central bank digital currency / Fabio Panetta
Central Bank Communication with the General Public: Challenging, Yet Worthwhile / Alan S. Blinder, Michael Ehrmann, Jakob de Haan, David-Jan Jansen
Immigrants and the distribution of income and wealth in the euro area / Maarten Dossche, Aleksandra Kolndrekaj, Maximilian Propst, Javier Ramos Perez, Jiri Slacalek
The Certification Role of the EU-Wide Stress Testing Exercises in the Stock Market. What Can We Learn from the Stress Tests (2014-2021)? / Agha Durrani, Steven Ongena, Aurea Ponte Marques
Digital players vs. traditional banks: Fierce competition, higher concentration or a trend towards platformization? / Laurent Clerc, Timothée Dufour, Pierre Harguindeguy, Stefano Ungaro
Forecasting and Understanding US Inflation with Artificial Intelligence / Philippe Goulet Coulombe
Augmented credit-to-GDP gap as a more reliable indicator for macroprudential policy decision-making / Tihana Škrinjarić
Under-researched areas of CBDC / Shalva Mkhatrishvili, Wim Boonstra
Are governments inflating their economic forecasts ahead of elections? / Davide Cipullo, André Reslow
Towards the holy grail of cross-border payments; the interlinking solution / Ulrich Bindseil, George Pantelopoulos
Are Liability Driven Investors (LDIs) a liability for policymakers? / Giacomo Carboni, Martin Ellison
Natural Language Processing and Financial Markets: Semi-supervised Modelling of Coronavirus and Economic News / Carlos Moreno Pérez, Marco Minozzo
Inequality and the real economy / Sebastian Doerr, Thomas Drechsel, Donggyu Lee
Does the European Central Bank speak differently when in parliament? A comparative textual analysis of the European Central Bank’s speeches in the European Parliament and in press conferences / Nicolò Fraccaroli, Alessandro Giovannini, Jean-François Jamet, Eric Persson
Forecasting digital technologies diffusion: A question of method / Charles Hoffreumon, Vincent Labhard
Fiscal deficits and inflation risks: the role of fiscal and monetary policy regimes / Ryan Banerjee, Valerie Boctor, Aaron Mehrotra, Fabrizio Zampolli
How do central bank lending operations interact with equity offering announcements? / Massimo Giuliodori, Jan Kakes, Dimitris Mokas
Transition Versus Physical Climate Risk Pricing in European Financial Markets: A Text-Based Approach / Giovanna Bua, Daniel Kapp, Federico Ramella, Lavinia Rognone
New insights into inequality and wealth in the euro area / Janina Engel, Pau Gayà Riera, Joseph Grilli, Pierre Sola
The digital revolution in banking: The old, the new and the ugly / José María Roldán
Forced migration and food crises / Federico Carril-Caccia, Jordi Paniagua, Marta Suárez-Varela
The potential of central bank digital currencies for cross-border payments / Anneke Kosse, Ilaria Mattei
Monetary policy and inflation: recent developments / Ignazio Visco
Instinctive and reflective trust in the European Central Bank / Siria Angino, Stefania Secola
Is a global factor driving bond yields lately? / Mattia Girotti, Guillaume Horny, Adrian Penalver, Anna Petronevich
The double materiality of climate physical and transition risks in the euro area / Regis Gourdel, Irene Monasterolo, Nepo Dunz, Andrea Mazzocchetti, Laura Parisi
Using household-level data to guide borrower-based macro-prudential policy / Gastón Andrés Giordana, Michael Heinrich Ziegelmeyer
Growth Expectations and the Dynamics of Entry / Enisse Kharroubi
From macro to micro: large exporters more responsive to common shocks / Jean-Charles Bricongne, Juan Carluccio, Lionel Fontagné, Guillaume Gaulier, Sebastian Stumpner
Seven Trends That Will Shape European Power Purchase Agreements’ Path To Growth / Cristian Stet
Objectified Housing Sales and Rent Prices in Representative Household Surveys: the Impact on Macroeconomic Statistics / M. Denisa Naidin, Sofie R. Waltl, Michael H. Ziegelmeyer
Consumer Inflation Expectations and Regional Price Changes / Tomasz Łyziak, Michael Pedersen, Ewa Stanisławska
Central bank capital / Paul Wessels, Dirk Broeders
Liquidity Coverage Ratios and Monetary Policy Credit in the time of Corona / Viktoriya Gocheva, Yvo Mudde, Jens Tapking
Natural Gas – An Unexpected Macro and Market Driver / Samantha Azzarello, Gabrielle Jabre
Integrating the carbon footprint into the construction of corporate bond portfolios / Mario Bajo, Emilio Rodríguez
Privacy and Central Bank Digital Currency in the Digital Economy / Toni Ahnert, Peter Hoffmann, Cyril Monnet
What Moves Markets? / Mark Kerssenfischer, Maik Schmeling
Information Transmission between Banks and the Market for Corporate Control / Christian Bittner, Falko Fecht, Melissa Pala, Farzad Saidi
Monetary policy in the euro area: the next phase / Philip R. Lane
Country biases in equity portfolios are less pronounced and less irrational than one might think / Martijn Boermans, Ian Cooper, Piet Sercu, Rosanne Vanpée
Job polarisation decreases the access to credit in Europe / Michele Cantarella, Ilja Kristian Kavonius
Nothing spreads like technology: Digitalisation and its Interaction with Institutions and Governance / Claudio Baccianti, Vincent Labhard, Jonne Lehtimäki
Smart or Smash? The Effect of Financial Sanctions on Trade in Goods and Services / Tibor Besedeš, Stefan Goldbach, Volker Nitsch
Was globalization just a little thing in the process of inflation? / Juhana Hukkinen, Matti Viren
The Kiel Trade Indicator – A real-time indicator for trade flows / Wolfgang Lechthaler, Vincent Stamer
Product level greenhouse gas contents – how to get there? / Ulf von Kalckreuth
Friendshoring: Who will benefit? / Michael Every, Erik-Jan van Harn
The rise of cross-border financial centres / Pamela Pogliani, Philip Wooldridge
How much foreign currency must a central bank buy to implement a minimum exchange rate? Estimation using the Swiss National Bank as an example / Markus Hertrich
The effects of Monetary Policy on Capital Flows: A Meta-Analysis / Mauricio Villamizar-Villegas, Lucía Arango-Lozano, Geraldine Castelblanco-Arias, Nicolás Fajardo-Baquero, María A. Ruiz-Sánchez
The EU gas savings plan ahead of a long winter / Marco Protopapa
Monetary policy and the Great Volatility / Isabel Schnabel
Natural Gas in Europe: The Potential Impact of Disruptions to Supply / Gabriel Di Bella, Mark Flanagan, Karim Foda, Andrea Pescatori, Alex Pienkowski, Martin Stuermer, Frederik Toscani
Subjective Expectations and Uncertainty / Andrzej Kocięcki, Tomasz Łyziak, Ewa Stanisławska
Should we trust the credit decisions provided by machine learning models? / Andrés Alonso, José Manuel Carbó
A model of system-wide stress simulation: market-based finance and the COVID-19 event / Giovanni di Iasio, Giulio Nicoletti, Nicholas Vause
What can CBDC designers learn from asking potential users? Results from a survey of Austrian residents / Svetlana Abramova, Rainer Böhme, Helmut Elsinger, Helmut Stix, Martin Summer
Household inflation expectations react to high euro area inflation / Gabriele Galati, Richhild Moessner, Maarten van Rooij
The optimal quantity of CBDC in the euro area / Lorenzo Burlon, Carlos Montes-Galdón, Manuel A. Muñoz, Frank Smets
From SEPA to the digital euro: payments past, present and future / Johannes Asel, Simone Mingione, Petia Niederlaender, Georg Nitsche
Sustainable finance data for central banks: a new Irving Fisher Committee survey / Merve Artman, Pierre Bui Quang, Nadia Esham, Nur Izzati, Leah Kling, David Nefzi, Romana Peronaci, Christine Schlitzer, Christian Schmieder, Ömer Kayhan Seyhun, Bruno Tissot, Elena Triebskorn, Huiming Yang
Forgetting Approaches to Improve Forecasting: Executive Summary / Robert Hill, Paulo Rodrigues
Entity-based vs activity-based regulation: a framework and applications to traditional financial firms and big techs / Claudio Borio, Stijn Claessens, Nikola Tarashev
What Can We Learn from 60 Years of PCE Inflation Data? / Raphael Schoenle, Dominic Smith
To Announce or Not To Announce: Basic Trade-offs in Public Debt Management / Alexander Dentler, Enzo Rossi
Allocation is key? Analysis of ECB public sector bond purchases’ divergence from the capital key / Carlo Birkholz, Friedrich Heinemann
Regulatory complexity, uncertainty, and systemic risk / Maurizio Trapanese
The effects of internationally coordinated carbon pricing on the economy and welfare / Anne Ernst, Natascha Hinterlang, Alexander Mahle, Nikolai Stähler
Central Banking and Climate Change Policies: It is not Always a Positive Sum Game / Donato Masciandaro, Riccardo Russo
The design of a data governance system / Siddharth Tiwari, Sharad Sharma, Siddharth Shetty, Frank Packer
Unbalanced macroeconomic risks over the business cycle / Martin Iseringhausen, Ivan Petrella, Konstantinos Theodoridis
The pass-through from inflation perceptions to inflation expectations / Stefanie J. Huber, Daria Minina, Tobias Schmidt
Liquidity in bond markets - navigating in troubled waters / Martin Scheicher, Andreas Schrimpf
Flexibility in Asset Purchases: A Structural Analysis / James Costain, Galo Nuño, Carlos Thomas
Stagflation in the 1970s: lessons for the current situation / Almira Enders, Sebastian Giesen, Dominic Quint
Consumption-led expansions lead to lower growth / Matti Viren
Why is Swiss inflation low? / GianLuigi Mandruzzato
Dissent in the ECB’s Governing Council Increases Households’ Inflation Uncertainty / Moritz Grebe, Peter Tillmann
Digital Endowments and Comparative Advantage / Dario Guarascio, Roman Stöllinger
Technology Standardization matters for Competition and Growth / Antonin Bergeaud, Julia Schmidt, Riccardo Zago
Climate Change-Related Regulatory Risks and Bank Lending / Isabella Mueller, Eleonora Sfrappini
Application of machine learning models and interpretability techniques to identify the determinants of the price of bitcoin / Sergio Gorjón, Jose Manuel Carbó
Wake-Up Call Contagion / Toni Ahnert, Christoph Bertsch
Aim High, Shoot Low? The Impact of Product Characteristics on Product Survival in Latvia’s Export Markets / Konstantīns Beņkovskis, Peter Jarret, Ze’ev Krill, Oļegs Tkačevs, Naomitsu Yashiro
Measuring the engagement in climate-related financial policymaking: the climate-related financial policy index / Paola D’Orazio
What Should the Inflation Target Be? Views from 600 Economists / Gene Ambrocio, Andrea Ferrero, Esa Jokivuolle, Kim Ristolainen
Wage Effects of Labor Market Tightness / Christian Philip Hoeck
Old age takes its toll: long-run projections of health-related public expenditure in Luxembourg / Gastón Andrés Giordana, María Noel Pi Alperin
Firms’ Inflation Expectations: New Evidence from France / Olivier Coibion, Erwan Gautier, Yuriy Gorodnichenko, Frédérique Savignac
Estimating Growth-at-Risk: Insights from a Structural Nonlinear Model / Matthias Rottner
What lessons can we learn from the heterogeneity in inflation expectations among economic agents? / Camille Cornand, Paul Hubert
Climate change and inflation in the euro area / Christiane Nickel
A shot in the arm: stimulus packages and firm performance during COVID-19 / Deniz Igan, Ali Mirzaei, Tomoe Moore
When Are “Inflation Expectations” Inflation Expectations? New Evidence From Business Surveys / Brent H. Meyer, Xuguang Simon Sheng
Minibonds and intangibles / Gabriele Beccari, Francesco Marchionne, Beniamino Pisicoli
Toward a green economy: the role of central bank’s asset purchases / Alessandro Ferrari, Valerio Nispi Landi
How household savings in CESEE are related to the past and the future / Melanie Koch, Thomas Scheiber
Too little too late: ECB’s normalisation path was model- rather than data-driven / Daniel Gros, Farzaneh Shamsfakhr
The impact of energy efficiency on Belgian house prices / Peter Reusens, Frank Vastmans, Sven Damen
Inflation Expectations and Climate Concern / Christoph Meinerding, Andrea Poinelli, Yves Schüler
The Eurosystem’s bond market share at an all-time high: what does it mean for repo markets? / Tomás Carrera de Souza, Tom Hudepohl
Firm-level expectations and macroeconomic conditions: underpinnings and disagreement / Monique Reid, Pierre Siklos
Subjective inflation expectations of households and firms / Michael Weber
Uncertainty, non-linear contagion and the credit quality channel: an application to the Spanish interbank market / Adrian Carro, Patricia Stupariu
Sanctions in the context of Russia’s invasion of Ukraine / Cristina Sofia Dias, Kristina Grigaitė, Marcel Magnus
Stablecoins - DeFi, Libra and beyond / Heike Mai
On Implementing Macroprudential Policy / Itai Agur, Sunil Sharma
The influence of financial corporations on IMF lending: Has it changed with the global financial crisis? / Lena Lee Andresen
On the psychology of inflation and its implications / Pascal Blanqué
Scarring effects of major economic downturns: The role of fiscal policy and government investment / Martin Larch, Peter Claeys, Wouter van der Wielen
Forecasting Inflation in France: an update of the model used at Banque de France / Youssef Ulgazi, Paul Vertier
What tax data can tell us about consumption and saving patterns / Alain Galli, Rina Rosenblatt-Wisch
How much is too much? Assessing the non-linear relationship between debt and sovereign creditworthiness / Sanne Zwart
Japan’s Sovereign Rating in the Post-Pandemic Era: Quo Vadis? / Jinho Choi, Alexander den Ruijter, Kimi Xu Jiang, Edmund Moshammer
A Coasian Bargain: Climate Financing to Phase Out Coal / Tobias Adrian, Patrick Bolton, Alissa M. Kleinnijenhuis
Trade and Climate – The Disrupted Nexus / Stefan P. Schleicher
How Bad Can Financial Crises Be? A GDP Tail Risk Assessment for Portugal / Ivan De Lorenzo Buratta, Marina Feliciano, Duarte Maia
An innovative new measure of human capital to better assess the link between education policies and productivity / Balázs Égert, Christine de la Maisonneuve, David Turner
Currency demand at negative interest rates / Edoardo Rainone
The currency channel of global bank leverage: a boost to fund-raising capacity / Justine Pedrono
CBDC and Bank Intermediation in the Euro Area / Ramón Adalid, Álvaro Álvarez-Blázquez, Katrin Assenmacher, et al.
How does financial openness affect inequality? / Stefan Avdjiev, Tsvetana Spasova
9 stylized facts on productivity / Andreas Breitenfellner, Robert Holzmann, Richard Sellner, Maria Silgoner, Thomas Zörner
Sectoral exchange rate pass-through in the euro area / Chiara Osbat, Yiqiao Sun, Martin Wagner
How do firms respond to demand and supply shocks? / Michał Gradzewicz
Can banks weather the green transition? The financial risks of increasingly stringent climate policies / Marco Belloni, Friderike Kuik, Luca Mingarelli
Elections Hinder Firms’ Access to Credit / Florian Léon, Laurent Weill
Cybersecurity and financial stability / Kartik Anand, Chanelle Duley, Prasanna Gai
Making Subsidies Work: Rules vs. Discretion / Federico Cingano, Filippo Palomba, Paolo Pinotti, Enrico Rettore
Economic adjustment in the euro area and the United States during the COVID-19 crisis / Mirko Licchetta, Giovanni Mattozzi, Rafal Raciborski, Rupert Willis
Should the ECB consider issuing its own securities? / Wim Boonstra, Bas van Geffen
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
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
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
Past webinars
Key takeaways from the ECB’s new Financial Stability Review / 16 Nov, 2022 15:00 - 16:00 CET (UTC+01:00) /
Digital Money and Finance: What’s New? / 06 Oct, 2022 16:00 - 17:00 CET (UTC+01:00) /
The Macroprudential Challenge of Climate Change / 27 Sep, 2022 15:30 - 16:45 CET (UTC+01:00) /
The Illusion of Control: Why Financial Crises Happen, and What We Can (and Can’t) Do About It / 09 Sep, 2022 15:00 - 16:15 CET (UTC+01:00) /
NGFS Report: Enhancing market transparency in green and transition finance / 11 Jul, 2022 10:00 - 11:30 CET (UTC+01:00) /
Sovereign Borrowing Outlook 2022 and Beyond: Navigating shocks and uncertainty with high debt / 27 Jun, 2022 15:00 - 16:30 CET (UTC+01:00) /
CBDC and Bank Intermediation / 21 Jun, 2022 15:30 - 17:00 CET (UTC+01:00) /
The International Role of the euro: Tectonic Shifts in the Global Financial System? / 14 Jun, 2022 15:30 - 17:00 CET (UTC+01:00) /
Central bank independence, inflation and crises: what interactions? / 13 Jun, 2022 15:00 - 16:30 CET (UTC+01:00) /
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) /
The Safety Net: Central Bank Balance Sheets and Financial Crises, 1587-2020 (Moritz Schularick) / ESM
The Cambridge Handbook of European Monetary, Economic and Financial Integration / Jakob de Haan, SUERF President
Macroeconomic and Financial Implications of Commodity Market Fluctuations - submission deadline 29 Sep. / Banque de France
Job Opening: Head of Function - Macroprudential Policy and Head of Function – Research and Analysis (2023-359) / Central Bank of Ireland
Special Issue on ‘Central Bank Digital Currency’ - submission deadline 8 January 2024 / Journal of Economics and Statistics
Visiting Researcher application for spring/summer 2024 is open! / Bank of Finland
(Associate) Economist / EIB
Getting Disinflation Right (with keynote speech by Fabio Panetta), 03 August 2023 / Università Bocconi - BAFFI Centre on Economics, Finance and Regulation
17th South-Eastern European Economic Research Workshop, 4-5 December 2023 / Bank of Albania
Annual Report 2022/23 / BIS
The international role of the euro, June 2023 / ECB
12th ECB Conference on Forecasting Techniques Forecasting @ Risk , 12-13 June 2023 / ECB
Banks in a Deglobalizing World: Delivering for Economy and Society - 1 June 2023 / EBF
EIB Trainee - Secretariat General - Economics Department / EIB
Economics of Central Bank Digital Currency (CBDC) - submission deadline: June 15, 2023 / Sveriges Riksbank
5th BIS workshop on Research on global financial stability - submission deadline 31 July 2023 / BIS
SNB-FRB-BIS Third High-Level Conference on "Global Risk, Uncertainty, and Volatility" - deadline May 31, 2023 / Swiss National Bank
The Measurement of Augmented Wealth: Concepts, Methods and Results - 3 March 2023 / OeNB
Annual Meeting 2023 / CEBRA
BOFIT Visiting Researchers Programme – autumn/winter 2023 is open until 1 May 2023 / Bank of Finland
Cash and the future of money - submission deadline 31 March 2023 / Deutsche Bundesbank
Fourth Conference on Financial Stability - submission deadline 15 February 2023 / Banco de España
SNB Research Conference 2023: Challenges in an era of monetary policy normalisation / Swiss National Bank
Lamfalussy Lectures Conference - “New dimensions of central banking in the post-covid era” - February 6, 2023 / Central Bank of Hungary
Gold Outlook 2023: The global economy at a crossroads / World Gold Council
Call for Papers: 7th European Workshop on Political Macroeconomics (Deadline: 22 February 2023) / Bank of Finland
ECB Forum on Central Banking - Young Economist Prize 2023 (Deadline: 13 February 2023) / ECB
Swiss Society of Economics and Statistics (SSES) Annual Meeting - “International Spillovers” (Submission deadline: 31 January 2023) / Swiss National Bank
“SNB-CIF Conference on Cryptoassets and Financial Innovation”? deadline: 31 January 2023 / Swiss National Bank
Nov 23, 2023 - Key takeaways from the ECB’s new Financial Stability Review
Nov 16, 2023 - Safeguarding macro & financial stability in a fragile environment: Transmission channels and policy challenges
Nov 14, 2023 - Global trends in climate change litigation: 2023 snapshot
Sep 28, 2023 - Household Finance and Consumption Survey (HFCS)
Sep 22, 2023 - 20 years of Macroprudential Policy in Europe – Looking back and looking ahead
Sep 21, 2023 - 20 years of Macroprudential Policy in Europe – Looking back and looking ahead
Sep 13, 2023 - Robert Triffin’s life and research: Takeaways for the current and future international monetary order
Sep 04, 2023 - Financial markets: Systemic risks in plumbing?
Aug 31, 2023 - Key findings from the 2023 EBA EU-wide stress tests
Jul 06, 2023 - The value added of central bank digital currencies
Jun 21, 2023 - The International Role of the Euro: Geopolitical tensions, inflation and rising yields – what impact on international currencies?
Jun 01, 2023 - Key takeaways from the ECB’s new Financial Stability Review
May 23, 2023 - Monetary policy in uncertain times: Towards robustness and resilience
May 22, 2023 - Monetary policy in uncertain times: Towards robustness and resilience
May 17, 2023 - The recent market turmoil: Lessons for market exits of systemically important banks
May 08, 2023 - Monetary Policy Normalization and Market Functioning in the Euro Area
Apr 18, 2023 - Completing a Genuine Economic and Monetary Union
Mar 27, 2023 - Measuring economic slack or shortages: new methods and ways forward
Mar 21, 2023 - Why are central banks reporting losses? Does it matter?
Mar 16, 2023 - Gold as International Reserves: A Barbarous Relic No More?
Feb 16, 2023 - Navigating Monetary Tightening Through Fragile Markets
Feb 10, 2023 - Gauging (dis)inflation pressures: Comparing tools and current findings
Jan 23, 2023 - Global discord: Values and power in a fractured world order
Nov 28, 2022 - Challenges and recent advances in modelling and forecasting inflation
Nov 16, 2022 - Key takeaways from the ECB’s new Financial Stability Review
Nov 09, 2022 - Burst of inflation: How and why did we get there? And, how to get inflation back to target?
Oct 06, 2022 - Digital Money and Finance: What’s New?
Oct 05, 2022 - Macroprudential Policy and the End of the Zero-Interest-Rate Environment
Sep 27, 2022 - The Macroprudential Challenge of Climate Change
Sep 21, 2022 - Housing Markets in the 2020s: Valuation, drivers, risks and policies
Sep 09, 2022 - The Illusion of Control: Why Financial Crises Happen, and What We Can (and Can’t) Do About It
Jul 11, 2022 - NGFS Report: Enhancing market transparency in green and transition finance
Jun 27, 2022 - Sovereign Borrowing Outlook 2022 and Beyond: Navigating shocks and uncertainty with high debt
Jun 24, 2022 - Reglobalisation: Changing patterns
Jun 21, 2022 - CBDC and Bank Intermediation
Jun 14, 2022 - The International Role of the euro: Tectonic Shifts in the Global Financial System?
Jun 13, 2022 - Central bank independence, inflation and crises: what interactions?
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
The Return of Inflation / Oesterreichische Nationalbank I SUERF
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
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SUERF is a non-profit association, designed to create an active network between professional economists, financial practitioners, central bankers and academics for the analysis and mutual understanding of monetary and financial issues.
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Governor, Oesterreichische Nationalbank (2008-2019)
„The Oesterreichische Nationalbank has hosted SUERF’s Secretariat at our premises in Vienna since 2000. Our long-standing co-operation with SUERF has been both a pleasure and of mutual benefit. During this time, we have jointly organised nine workshops, conferences and colloquia. These events have been of consistently high scientific quality and have always addressed topics of immediate interest to central bankers, supervisors, financial firms and academic economists. SUERF successfully creates a joint communication and networking platform among quite distinct groups. SUERF smoothly bridges the gaps in language, concepts, and interests among them, thus creating new perspectives, insights and solutions. What I particularly like about SUERF is the Association’s non-profit, non-partisan attitude: people there seek to facilitate dialogue and new thinking, not to push an agenda or make a profit. We will gladly continue our co-operation, and I warmly recommend membership and support for SUERF.“
more »»»Economic Adviser and Head of Research, Monetary and Economic Department, BIS
”SUERF provides a rare setting where economists from academia, central banks and the private sector can debate cutting edge issues and reach insights that are much more than the sum of the individual contributions. Academic studies benefit from the richer institutional setting from practitioners and policymakers, while applied work benefits from the eye on detail and rigour that academics provide. I applaud SUERF’s efforts and expect it to contribute further to the development of the subject.”
more »»»President of the Center for Financial Studies; former board member and Chairman of the board of UBS Group AG,
"SUERF does a great job in identifying the burning issues in central banking, money and finance. SUERF’s mission to bring together academics, policy makers and financial practitioners has become all the more important in the post-crisis environment. SUERF’s highly focused events and publications really add value. It is a network worth supporting and being part of."
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