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The ECB After the Crisis : Existing Synergies Among Monetary Policy, Macroprudential Policies and Banking Supervision

Cassola, Nuno - 2019

The prolonged crisis exposed the vulnerability of a monetary union without a banking union. The Single Supervisory Mechanism (SSM), which started operating in November 2014, is an essential step towards restoring banks to health and rebuilding trust in the banking system. The ECB is today...

Persistent link: https://www.econbiz.de/10012858961

Stress-Testing of Liquidity Risk in Target2

Papsdorf, Patrick - 2017

The paper reports the outcome of the stress-testing of liquidity risk in the TARGET2 payment system, with the study having been conducted by an ad-hoc group composed of operators and overseers of TARGET2. The study aims to assess the resilience of the system, defined as the network of its...

Persistent link: https://www.econbiz.de/10012962520

Main Drivers of the ECB Financial Accounts and ECB Financial Strength Over the First 11 Years

Vergote, Olivier - 2014

This paper analyses the main drivers of the ECB's balance sheet and profit and loss account over the first 11 years of the ECB's existence. Furthermore, the paper assesses the financial strength of the ECB. As monetary policy operations are normally conducted by national central banks under the...

Persistent link: https://www.econbiz.de/10013069977

Ensuring Adoption of Central Bank Digital Currencies – an Easy Task or a Gordian Knot?

Zamora-Pérez, Alejandro; Coschignano, Eliana; … - 2022

Central banks have been discussing the introduction of a retail central bank digital currency (rCBDC) for some time. However, potential obstacles to its adoption by consumers and retailers remain largely unexplored in the academic and policy literature. This paper surveys the key elements...

Persistent link: https://www.econbiz.de/10014236685

The Working of the Eurosystem : Monetary Policy Preparations and Decision-Making - Selected Issues

Moutot, Philippe; Jung, Alexander; Mongelli, Francesco Paolo - 2021

The ECB's monetary policy has received considerable attention in recent years. This is less the case, however, for its regular monetary policy preparation and decision-making process. This paper reviews how the factors usually considered as critical for the success of a central banking system...

Persistent link: https://www.econbiz.de/10013316885

A Tale of Three Crises : Synergies between ECB Tasks

Kok, Christoffer; Mongelli, Francesco Paolo; … - 2022

This paper provides a chronology of the main financial events over the last 15 years, spanning three main crises. The first is the global financial crisis in 2008-09, and the second is the euro area sovereign debt crisis in 2010-12. Both events heralded significant reforms of the EU’s...

Persistent link: https://www.econbiz.de/10013491770

Inflation persistence and price-setting behaviour in the euro area – a summary of the IPN evidence

Altissimo, Filippo; Ehrmann, Michael; Smets, Frank - 2006

This paper provides a summary of current knowledge on inflation persistence and price stickiness in the euro area …, based on research findings that have been produced in the context of the Inflation Persistence Network. The main findings … are - i) Under the current monetary policy regime, the estimated degree of inflation persistence in the euro area is …

Persistent link: https://www.econbiz.de/10011606198

Inflation Persistence and Price-Setting Behaviour in the Euro Area - a Summary of the Ipn Evidence

Altissimo, Filippo; Ehrmann, Michael; Smets, Frank - 2021

This paper provides a summary of current knowledge on inflation persistence and price stickiness in the euro area …, based on research findings that have been produced in the context of the Inflation Persistence Network. The main findings … are: i) Under the current monetary policy regime, the estimated degree of inflation persistence in the euro area is …

Persistent link: https://www.econbiz.de/10013318305

Strengthening the role of local currencies in EU candidate and potential candidate countries

Windischbauer, Ulrich - 2016

inflation and macroeconomic imbalances, close economic and financial linkages with the euro area, as well as the perspective of …

Persistent link: https://www.econbiz.de/10011606322

Strengthening the Role of Local Currencies in EU Candidate and Potential Candidate Countries

Windischbauer, Ulrich - 2016

inflation and macroeconomic imbalances, close economic and financial linkages with the euro area, as well as the perspective of …

Persistent link: https://www.econbiz.de/10012993712

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