This paper explores inflation determinants within the EU and implications for new members'' euro adoption plans. Factor …

The three-month Eurepo interest rate, the euro component of the SDR interest rate basket, will be discontinued as of … representative interest rate instrument of the euro area in the SDR interest rate basket since 2006. However, faced with a … European Central Bank (ECB), which recommends to replace the Eurepo rate with a three-month spot rate derived from the …

point to a smaller reaction to monetary policy in France than in other large euro-area economies …

This Selected Issues paper analyzes euro area policies and discusses the implications of the 2007–08 financial sector … turbulence for real economic activity. It examines the linkages between the financial and real sectors in the euro area. The … paper discusses the European Central Bank’s (ECB) monetary analysis and the role of monetary aggregates in central banking …

To reduce the negative effects of a bank-lending crunch on economic activity, adequate credit provision should be … ensured. Further bank recapitalization, restructuring and consolidation of the banking sector, and regulatory reform decisions … will reduce uncertainty. A long-lasting configuration of the euro-area’s fiscal architecture can be achieved by tightly …