Date published | SUERF | Issue | Title | Author(s) |
Dec 2023 | Policy Note | No 329 | Eurozone Banks: Higher Reserve Requirements Would Dent Profits And Liquidity | Nicolas Charnay, Pierre Hollegien |
Dec 2023 | Policy Brief | No 757 | Have (excess) profits been shaping domestic price pressures in Austria? | Friedrich Fritzer, Doris Prammer, Lukas Reiss, Martin Schneider |
Nov 2023 | Policy Brief | No 747 | Lessons from 100 inflation shocks | Anil Ari, Carlos Mulas-Granados, Victor Mylonas, Lev Ratnovski, Wei Zhao |
Nov 2023 | Policy Note | No 328 | Central banks’ endgame: a new policy paradigm | Mahmood Pradhan, Lorenzo Portelli, Tristan Perrier |
Nov 2023 | Policy Brief | No 741 | ECB Minimum Reserves - 10% or 10% less Government Bonds? | Gunter Deuber, Franz Zobl |
Nov 2023 | Policy Brief | No 738 | Transmission of interest rate hikes depends on the level of central bank reserves held by banks | Daniel Fricke, Stefan Greppmair, Karol Paludkiewicz |
Nov 2023 | Policy Note | No 327 | Protect the Safe Core: Restating the Central Bank Mandate | Enrico Perotti |
Nov 2023 | Policy Brief | No 716 | Who Needs an e-Yuan? | Christian Pfister, Nicolas de Sèze |
Oct 2023 | Policy Brief | No 703 | Gross bond issuance by Italian banks: key trends in times of crisis and unconventional monetary policy | Donato Ceci, Alessandro Montino, Sara Pinoli, Andrea Silvestrini |
Oct 2023 | Policy Brief | No 698 | E-commerce and Price Setting: Evidence from Europe | Georg Strasser, Elisabeth Wieland, Paweł Macias, Aneta Błażejowska, Karol Szafranek, David Wittekopf |
Oct 2023 | Policy Brief | No 697 | On the Origins of the Federal Reserve System and Its Structure | Owen F. Humpage |
Oct 2023 | Policy Note | No 325 | 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 |
Oct 2023 | Policy Note | No 323 | What An Acceleration of Quantitative Tightening Could Mean For Eurozone Banks | Nicolas Charnay, Pierre Hollegien, Sylvain Broyer, Aude Guez |
Oct 2023 | Policy Brief | No 691 | 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 |
Sep 2023 | Policy Brief | No 689 | An Unconventional FX Tail Risk Story | Carlos Cañon, Eddie Gerba, Alberto Pambira, Evarist Stoja |
Sep 2023 | Policy Note | No 321 | Technological change and the destabilisation of bank deposits: Assessment and policy implications | Ulrich Bindseil, Richard Senner |
Sep 2023 | Policy Brief | No 683 | Can monetary policy ignore financial stability risks? | Sulkhan Chavleishvili, Manfred Kremer, Frederik Lund-Thomsen |
Aug 2023 | Policy Brief | No 672 | Explaining the endurance of price level differences in the euro area | Huw Dixon, Pavlos Petroulas, Theodora Kosma |
Aug 2023 | Policy Brief | No 661 | 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 |
Aug 2023 | Policy Brief | No 649 | Do non-banks need access to the lender-of-last-resort? Evidence from fund runs | Johannes Breckenfelder, Marie Hoerova |
Aug 2023 | Policy Brief | No 648 | European bank performance – as good as it gets, despite recent wobbles? | Jan Schildbach |
Jul 2023 | Policy Brief | No 637 | How the central bank collateral framework shapes the outcomes of liquidity stress test models | Angelo Cuzzola, Claudio Barbieri, Ulrich Bindseil |
Jul 2023 | Policy Brief | No 628 | Large shock, small adjustment – Evidence from the 2021 energy crisis | Matteo Alpino, Luca Citino, Annalisa Frigo |
Jun 2023 | Policy Brief | No 622 | Practical Offline Payments Using One-Time Passcodes | Priscilla Huang, Emmanuel Benoist, Christian Grothoff, Sebastian Javier Marchano |
Jun 2023 | Policy Brief | No 620 | Insights into Credit Loss Rates: A Global Database | Li Lian Ong, Christian Schmieder, Min Wei |
May 2023 | Policy Note | No 311 | Getting up from the floor | Claudio Borio |
May 2023 | Policy Brief | No 582 | Critical metals for the low-carbon transition: macro-financial issues | Stéphane Dees, Simon Dikau, Hugh Miller, Romain Svartzman |
Apr 2023 | Policy Note | No 309 | The Digital Euro (CBDC) as a Monetary Anchor of the Financial System | Peter Bofinger, Thomas Haas |
Apr 2023 | Policy Note | No 308 | Supply matters | Andrew Bailey |
Apr 2023 | Policy Note | No 307 | Back to normal? Balance sheet size and interest rate control | Isabel Schnabel |
Mar 2023 | Policy Brief | No 539 | When policies get in the way of profit shifting to tax havens | Joana Garcia |
Mar 2023 | Policy Brief | No 538 | How does offshoring shape labour market imperfections? A comparative analysis of Belgian and Dutch firms | Sabien Dobbelaere, Catherine Fuss, Mark Vancauteren |
Feb 2023 | Policy Brief | No 529 | The effects of monetary policy across fiscal regimes | Roben Kloosterman, Dennis Bonam, Koen van der Veer |
Feb 2023 | Policy Brief | No 527 | Central Bank digital currencies in Africa: catching up | Enrique Alberola, Ilaria Mattei |
Feb 2023 | Policy Brief | No 517 | Stock Return Predictability: Comparing Macro- and Micro-Approaches | Arthur Stalla-Bourdillon |
Jan 2023 | Policy Note | No 296 | Finding the right mix: monetary-fiscal interaction at times of high inflation | Isabel Schnabel |
Jan 2023 | Policy Brief | No 499 | Invest One -- Get Two Extra: Public Investment Crowds In Private Investment | Olegs Matvejevs, Olegs Tkacev |
Dec 2022 | Policy Brief | No 484 | Monetary and macroprudential policy effectiveness and spillovers | Luc Laeven, Angela Maddaloni, Caterina Mendicino |
Dec 2022 | Policy Brief | No 481 | Should central banks be involved in historical research? | Ivo Maes |
Nov 2022 | Policy Brief | No 473 | The Impact of Natural Disasters on Banks’ Impairment Flow – Evidence from Germany | Iliriana Shala, Benno Schumacher |
Nov 2022 | Policy Brief | No 460 | Demystifying wholesale central bank digital currency | Fabio Panetta |
Nov 2022 | Policy Brief | No 458 | Immigrants and the distribution of income and wealth in the euro area | Maarten Dossche, Aleksandra Kolndrekaj, Maximilian Propst, Javier Ramos Perez, Jiri Slacalek |
Oct 2022 | Policy Brief | No 454 | Augmented credit-to-GDP gap as a more reliable indicator for macroprudential policy decision-making | Tihana Škrinjarić |
Oct 2022 | Policy Brief | No 451 | Towards the holy grail of cross-border payments; the interlinking solution | Ulrich Bindseil, George Pantelopoulos |
Oct 2022 | Policy Brief | No 444 | How do central bank lending operations interact with equity offering announcements? | Massimo Giuliodori, Jan Kakes, Dimitris Mokas |
Oct 2022 | Policy Brief | No 439 | The potential of central bank digital currencies for cross-border payments | Anneke Kosse, Ilaria Mattei |
Sep 2022 | Policy Brief | No 426 | Privacy and Central Bank Digital Currency in the Digital Economy | Toni Ahnert, Peter Hoffmann, Cyril Monnet |
Sep 2022 | Policy Brief | No 416 | The rise of cross-border financial centres | Pamela Pogliani, Philip Wooldridge |
Sep 2022 | Policy Brief | No 411 | Subjective Expectations and Uncertainty | Andrzej Kocięcki, Tomasz Łyziak, Ewa Stanisławska |
Sep 2022 | Policy Brief | No 408 | 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 |
Aug 2022 | Policy Note | No 285 | From SEPA to the digital euro: payments past, present and future | Johannes Asel, Simone Mingione, Petia Niederlaender, Georg Nitsche |
Aug 2022 | Policy Brief | No 406 | 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 |
Aug 2022 | Policy Brief | No 393 | Stagflation in the 1970s: lessons for the current situation | Almira Enders, Sebastian Giesen, Dominic Quint |
Aug 2022 | Policy Brief | No 389 | Digital Endowments and Comparative Advantage | Dario Guarascio, Roman Stöllinger |
Jul 2022 | Policy Brief | No 366 | Firm-level expectations and macroeconomic conditions: underpinnings and disagreement | Monique Reid, Pierre Siklos |
Jun 2022 | Policy Brief | No 354 | A Coasian Bargain: Climate Financing to Phase Out Coal | Tobias Adrian, Patrick Bolton, Alissa M. Kleinnijenhuis |
Jun 2022 | Policy Brief | No 353 | How Bad Can Financial Crises Be? A GDP Tail Risk Assessment for Portugal | Ivan De Lorenzo Buratta, Marina Feliciano, Duarte Maia |
May 2022 | Policy Brief | No 340 | Optimal Timing of Policy Interventions in Troubled Banks | Philipp König, Paul Mayer, David Pothier |
May 2022 | Policy Brief | No 339 | Does own wealth and wealth of others matter for life satisfaction? | Antje Jantsch, Julia Le Blanc,Tobias Schmidt |
May 2022 | Policy Note | No 277 | What business model for the Digital Euro? Lessons from Brazil and Switzerland | Peter Bofinger, Thomas Haas |
May 2022 | Policy Brief | No 329 | Digital payment behaviour differs significantly across countries | Jakob Mølgaard Heisel, Marcus Clausen Brock |
Apr 2022 | Policy Brief | No 321 | Would a retail CBDC achieve its intended purpose? | Romain Baeriswyl, Samuel Reynard, Alexandre Swoboda |
Apr 2022 | Policy Note | No 275 | Balancing public and private interests: Crypto, stablecoin and central bank digital currency | Wilko Bolt, Vera Lubbersen, Peter Wierts |
Apr 2022 | Policy Brief | No 316 | Robert Triffin and the search for Asian Monetary Union | Ivo Maes, Ilaria Pasotti |
Apr 2022 | Policy Note | No 273 | The return of inflation | Agustín Carstens |
Mar 2022 | Policy Brief | No 305 | Is There Financial Exclusion when Official Lenders Are Considered? | María Bru Muñoz |
Mar 2022 | Policy Note | No 271 | Financial stability and crypto-assets | Pablo Hernández de Cos |
Mar 2022 | Policy Brief | No 291 | The Political Economy of Currency Unions | Kai Arvai |
Feb 2022 | Policy Note | No 265 | Austrian conceptions of money and the rise of digital currency | Michael Peneder |
Feb 2022 | Policy Brief | No 270 | Population ageing and the digital divide | Sebastian Doerr, Jon Frost, Leonardo Gambacorta, Han Qiu |
Jan 2022 | Policy Brief | No 267 | Pledge or pretext? Lessons from the Fiscal Compact | Martin Larch, Matthias Busse, László Jankovics |
Jan 2022 | Policy Brief | No 262 | Choosing the European fiscal rule | Ginters Bušs, Patrick Grüning, Oļegs Tkačevs |
Jan 2022 | Policy Brief | No 257 | Why do households save? | Sami Oinonen, Matti Viren |
Jan 2022 | Policy Note | No 262 | The encrypted threat: Bitcoin’s social cost and regulatory responses | Ulrich Bindseil, Patrick Papsdorf, Jürgen Schaaf |
Dec 2021 | Policy Brief | No 248 | 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 |
Nov 2021 | Policy Brief | No 230 | Temporary panic or fundamental change in payment habits in Europe? Lesson from COVID-19 pandemic shift towards cashless payments | Michal Polasik, Radoslaw Kotkowski |
Nov 2021 | Policy Brief | No 225 | Population aging and the persistence of three key global trends | Andrea Papetti |
Nov 2021 | Policy Brief | No 215 | Monetary policy strategies in the New Normal: A model-based analysis for the euro area | Fabio Busetti, Stefano Neri, Alessandro Notarpietro, Massimiliano Pisani |
Sep 2021 | Policy Brief | No 189 | How do real and monetary integrations affect inflation dynamics in Turkey? | Hülya Saygılı |
Sep 2021 | Policy Brief | No 183 | Central bank’s financial result and inter-sectoral transfers of benefits | Krzysztof Kruszewski, Mikołaj Szadkowski |
Sep 2021 | Policy Brief | No 182 | The FX Global Code | Guy Debelle |
Sep 2021 | Policy Brief | No 181 | A liquidity risk early warning indicator for Italian banks: a machine learning approach | Maria Ludovica Drudi, Stefano Nobili |
Sep 2021 | Policy Note | No 252 | Forging the Future of Monetary Union – taking stock and looking forward | Markus Rodlauer, Rolf Strauch |
Sep 2021 | Policy Brief | No 176 | Does the ECB’s monetary policy react to the balance of risks? | Philippine Cour-Thimann, Alexander Jung |
Sep 2021 | Policy Brief | No 174 | Low-for-ultra-long policy will not be enough for Japan | Hiroshi Ugai |
Sep 2021 | Policy Brief | No 173 | An export supply channel of exchange rates | Erik Frohm |
Aug 2021 | Policy Brief | No 168 | Monetary Gold and Central Bank Capital | Kenneth Sullivan |
Aug 2021 | Policy Brief | No 166 | Record global FX reserves after COVID shock | Michael S Hanson |
Aug 2021 | Policy Brief | No 160 | Have scale effects on cost margins of pension fund investment portfolios disappeared? | Jacob A. Bikker, Jeroen J. Meringa |
Aug 2021 | Policy Brief | No 158 | Bank pricing of corporate loans | Márcio Mateus, Tiago Pinheiro |
Aug 2021 | Policy Brief | No 156 | More aware societies suffered less from Covid-19 | Alejandro Buesa, Javier J. Pérez, Daniel Santabárbara |
Aug 2021 | Policy Brief | No 149 | Regulation of crypto-assets is a must for governments and central banks | Daniel Daianu |
Aug 2021 | Policy Brief | No 146 | Digital payments and European sovereignty | Burkhard Balz |
Aug 2021 | Policy Note | No 250 | Roads for the future: Central Bank Digital Currency (CBDC) and Innovative Payments | François Villeroy de Galhau |
Aug 2021 | Policy Brief | No 142 | Consumption patterns in Italy during COVID-19 | Elisa Guglielminetti and Concetta Rondinelli |
Jul 2021 | Policy Note | No 248 | The Future of Bitcoin | Wim Boonstra |
Jun 2021 | Policy Brief | No 109 | 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 |
Jun 2021 | Policy Note | No 243 | What does research say about the effects of central bank balance sheet policies? | Paola Di Casola |
May 2021 | Policy Note | No 242 | Does the upturn in Eurozone money growth imply 5% inflation? | Tim Congdon |
May 2021 | Policy Note | No 241 | Digital Disruption: The Inevitable Rise of CBDC | Chetan Ahya, Derrick Kam, Julian Richers |
Apr 2021 | Policy Brief | No 77 | Smoke and Mirrors: On cancelling public debts held by the Eurosystem | Jef Boeckx and Xavier Debrun |
Apr 2021 | Policy Brief | No 75 | Europe: the shock of Covid-19 and the fear of accelerated zombification | Hélène Baudchon, Louis Boisset, Guillaume Derrien, Kenza Charef |
Apr 2021 | Policy Brief | No 74 | The Great Depression, banking crisis, and Keynes’ paradox of thrift | Victor Degorce, Eric Monnet |
Apr 2021 | Policy Note | No 231 | The challenges to the banking sector a year after the outbreak of the COVID-19 pandemic | Pablo Hernández de Cos |
Apr 2021 | Policy Brief | No 62 | The way forward for EU-wide stress tests | Pedro Duarte Neves |
Mar 2021 | Policy Note | No 228 | CBDC: Where is the unique selling proposition? | Peter Bofinger,Thomas Haas |
Mar 2021 | Policy Brief | No 55 | Debt cancellation by the ECB: Does it make a difference? | Paul de Grauwe |
Jan 2021 | Policy Note | No 217 | The post-COVID-19 recovery: what challenges and roadmap for the banking industry? | Jordi Gual |
Nov 2020 | Policy Note | No 207 | Surge in corporate insolvencies hitting German banks | Jan Schildbach |
Nov 2020 | Policy Note | No 204 | Lessons from the Swedish anti-corona strategy | Lieven Noppe |
Oct 2020 | Policy Note | No 198 | The shadow of fiscal dominance: Misconceptions, perceptions and perspectives | Isabel Schnabel |
Sep 2020 | Policy Note | No 193 | Inclusive payments for the post-pandemic world | Raphael Auer, Jon Frost, Thomas Lammer, Tara Rice, Amber Wadsworth |
Aug 2020 | Policy Brief | No 23 | Eurozone in times of Covid-19: Debt monetisation by stealth | Peter Vanden Houte |
Jul 2020 | Policy Brief | No 21 | How effective are bank levies in reducing leverage given the debt bias of corporate income taxation? | Franziska Bremus, Kirsten Schmidt, Lena Tonzer |
Jul 2020 | Policy Note | No 183 | Retail Central Bank Digital Currencies: means of payment vs store of value | Santiago Fernández de Lis, Pablo Urbiola |
Jul 2020 | Policy Note | No 182 | Europe’s answer to Libra – potential and prerequisites of a programmable euro | Andreas Krautscheid, Tobias Tenner, Siegfried Utzig |
Jul 2020 | Policy Brief | No 19 | Banking between two crises | Karel Lannoo |
Jun 2020 | Policy Note | No 174 | The international role of the euro | Marco Buti |
Jun 2020 | Policy Brief | No 15 | There is nothing magic in central bank money | Jean Barthélemy, Adrian Penalver |
May 2020 | Policy Note | No 171 | US dollar funding markets during the Covid-19 crisis – the international dimension | Egemen Eren, Andreas Schrimpf, Vladyslav Sushko |
May 2020 | Policy Note | No 168 | Cross-border consolidation in the European banking sector: between dreams and reality | Jan Van Hove |
May 2020 | Policy Note | No 162 | 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 |
Apr 2020 | Policy Note | No 159 | Embedded supervision: how to build regulation into Libra 2.0 and the token economy | Raphael Auer |
Apr 2020 | Policy Brief | No 2 | Politics and Economics of Global Currencies | Paul De Grauwe |
Apr 2020 | Policy Note | No 152 | European banks in the corona crisis | Jan Schildbach |
Apr 2020 | Policy Note | No 147 | Does It Fit? Tweeting on Monetary Policy and Central Bank Communication | Donato Masciandaro, Davide Romelli, Gaia Rubera |
Mar 2020 | Policy Note | No 144 | Euro Area Economics: Putting the OOH into HICP | Jacob Nell, Bruna Skarica, Joao Almeida, Markus Guetschow |
Mar 2020 | Policy Note | No 138 | Euro Area Economics: Greenflation? | Jacob Nell, Joao Almeida, Markus Guetschow |
Mar 2020 | Policy Note | No 136 | Mortgage Lending and Macroprudential Policy in the UK and US | Alan Brener |
Nov 2019 | Policy Note | No 111 | Reforming the Stability and Growth Pact: Striving for sustainability while offering room for manoeuvre | Karsten Wendorff |
Nov 2019 | Policy Note | No 110 | Towards a European Governance Framework for Cryptoassets | Jason Grant Allen, Rosa María Lastra |
Oct 2019 | Policy Note | No 108 | Libra – a view from Europe | Heike Mai |
Sep 2019 | Policy Note | No 99 | The euro’s global role: past, present and future | Arnaud Mehl |
Sep 2019 | Policy Note | No 95 | Controlling CBDC through tiered remuneration | Ulrich Bindseil |
Jun 2019 | Policy Note | No 81 | Bilateral Trade Balances Under Focus | Florence Jaumotte |
Jun 2019 | Policy Note | No 79 | Financial aspects of Brexit | Thomas Url |
May 2019 | Policy Note | No 71 | Rethinking the Trade-offs for Monetary Policy in an Era of Globalization | Enrique Martínez-García |
May 2019 | Policy Note | No 70 | The impact of Brexit on growth and the public finances | Iain Begg |
Mar 2019 | Policy Note | No 59 | New Frontiers in the Euro Debate in Iceland | Thorsteinn Thorgeirsson |
Aug 2018 | Policy Note | No 40 | 21st century cash: Central banking, technological innovation and digital currencies | Fabio Panetta |
Jun 2018 | Policy Note | No 38 | The future for central bank balance sheets and their potential use as a macroprudential tool | Paul Fisher |
Mar 2018 | Policy Note | No 29 | European Monetary Union reform preferences of French and German parliamentarians | Sebastian Blesse, Pierre C. Boyer, Friedrich Heinemann, Eckhard Janeba, Anasuya Raj |
Mar 2018 | Policy Note | No 28 | Credit conditions and corporate investment in Europe | Laurent Maurin, Rozalia Pal, Philipp-Bastian Brutscher |
Feb 2018 | Policy Note | No 27 | Euro area quantitative easing: Large volumes, small impact? | Daniel Gros |
Jan 2018 | Policy Note | No 24 | Fairness and Support for the Reforms: Lessons from the Transition Economies | Sergei Guriev |
Jan 2018 | Policy Note | No 23 | The occasional importance of the current account in an era of a global savings glut | Jesper Berg, Steffen Lind |
Oct 2017 | Policy Note | No 19 | Is cash back? Assessing the recent increase in cash demand | Clemens Jobst, Helmut Stix |
Jun 2017 | Policy Note | No 13 | The political economy of central banking in the digital age | Sir Paul Tucker |
May 2017 | Policy Note | No 12 | (No) worries about the new shape of international capital flows | Matthieu Bussiére, Julia Schmidt, Natacha Valla |
May 2016 | Policy Note | No 7 | Ten Myths in the Brexit Debate | David T. Llewellyn |
Apr 2016 | Policy Note | No 5 | Some seeming paradoxes or interesting points of Russia’s economy and banking sector | Stephan Barisitz |
Dec 2015 | Policy Note | No 3 | Cash without future? Future without cash? A wider view | Christian Beer, Urs W. Birchler, Ernest Gnan |
Oct 2015 | Policy Note | No 2 | Modigliani–Miller, Basel 3 and CRD 4 | Morten Balling |