Isabel Schnabel emphasises the euro area’s strengths in social protection and environmental initiatives, and advocates measure to close the euro area’s technology gap
From laggard to leader? Closing the euro area’s technology gap Read More »
The ECB’s Governing Council has decided to proceed with the ‘preparation phase’. Ulrich Bindseil, Piero Cipollone and Jürgen Schaaf focus on the debate around the impact of a digital euro on bank funding
Demystifying fears about bank disintermediation Read More »
A two-tier system of reserve requirements is needed to reduce the size of transfers to banks. Paul De Grauwe and Yuemei Ji answer their critics
Fighting inflation fairly and effectively Read More »
The payments system is being transformed. Piero Cipollone argues that central banks need to be at the vanguard of digital transformation to ensure financial stability
Modernising finance: the role of central bank money Read More »
Unremunerated reserves in the Eurosystem. Robert McCauley and Julien Pinter argue that imposing unremunerated reserves on euro area banks would likely push bank intermediation offshore out of the euro area
Tax incidence and deposit relocation risks Read More »
Unremunerated reserves in the Eurosystem. Robert McCauley and Julien Pinter argue that turning huge remunerated excess bank reserves into zero-yielding required reserves is a tax on banks
Unremunerated reserves in the Eurosystem: heads I win, tails you lose Read More »
Luis de Guindos provides an overview of the latest economic developments and discusses the outlook for the euro area economy for the coming months
The economic outlook and monetary policy in the euro area Read More »
Monetary policy in the climate and nature crises. Frank Elderson considers more frequent climate and nature events and their greater impact on the economy
Preserving a ‘Stabilitätskultur’ objective Read More »
International governance has brough indisputable benefits, but mistrust has grown. Christine Lagarde calls for policymakers to focus on citizens’ priorities whilst being courageous and accountable
International governance at a turning point Read More »
Cyril Monnet and Dirk Niepelt argue that in protecting the current banking model the ECB could be sacrificing the digital euro on the altar of banking as we know it
Why the digital euro might be dead on arrival Read More »
