Economic Bulletin Articles

Monetary and financial
04/08/2016
The layers of the global financial safety net: taking stock
Economic Bulletin Issue 5, 2016
15/06/2016
The role of euro area non-monetary financial institutions in financial intermediation
Economic Bulletin Issue 4, 2016
17/12/2015
New features in monetary and financial statistics
Economic Bulletin Issue 8, 2015
03/11/2015
The transmission of the ECB's recent non-standard monetary policy measures
Economic Bulletin Issue 7, 2015
15/06/2015
The role of the central bank balance sheet in monetary policy
Economic Bulletin Issue 4, 2015
10/07/2014
Euro area risk-free interest rates: measurement issues, recent developments and relevance to monetary policy
Monthly Bulletin Issue 7, 2014
15/05/2014
The determinants of euro area sovereign bond yield spreads during the crisis
Monthly Bulletin Issue 5, 2014
10/04/2014
The ECB's forward guidance
Monthly Bulletin Issue 4, 2014
13/02/2014
Extensions to the models for assessing money and credit
Monthly Bulletin Issue 2, 2014
13/02/2014
Deleveraging patterns in the euro area corporate sector
Monthly Bulletin Issue 2, 2014
16/01/2014
Recent developments in excess liquidity and money market rates
Monthly Bulletin Issue 1, 2014
08/08/2013
Assessing the retail bank interest rate pass-through in the euro area at times of financial fragmentation
Monthly Bulletin Issue 8, 2013
09/05/2013
Target balances and monetary policy operations
Monthly Bulletin Issue 5, 2013
11/04/2013
Liquidity regulation and monetary policy implementation
Monthly Bulletin Issue 4, 2013
11/10/2012
Global liquidity: concepts, measurements and implications from a monetary policy perspective
Monthly Bulletin Issue 10, 2012
09/08/2012
Heterogeneity in euro area financial conditions and policy implications
Monthly Bulletin Issue 8, 2012
09/08/2012
Assessing the financial conditions of the euro area private sector during the sovereign debt crisis
Monthly Bulletin Issue 8, 2012
12/07/2012
Monetary and fiscal policy interactions in a monetary union
Monthly Bulletin Issue 7, 2012
10/05/2012
Comparing the recent financial crisis in the United States and the euro area with the experience of Japan in the 1990s
Monthly Bulletin Issue 5, 2012
16/02/2012
Corporate indebtedness in the euro area
Monthly Bulletin Issue 2, 2012
16/02/2012
Money and credit growth after economic and financial crises - a historical global perspective
Monthly Bulletin Issue 2, 2012
19/01/2012
The interplay of financial intermediaries and its impact on monetary analysis
Monthly Bulletin Issue 1, 2012
10/11/2011
Euro area markets for banks' long-term debt financing instruments: recent developments, state of integration and implications for monetary policy transmission
Monthly Bulletin Issue 11, 2011
13/10/2011
The financial crisis in the light of the euro area accounts: a flow-of-funds pespective
Monthly Bulletin Issue 10, 2011
13/10/2011
The supply of money - bank behaviour and the implications for monetary analysis
Monthly Bulletin Issue 10, 2011
14/07/2011
The ECB's non-standard measures - impact and phasing-out
Monthly Bulletin Issue 7, 2011
10/02/2011
The information content of option prices during the financial crisis
Monthly Bulletin Issue 2, 2011
10/02/2011
Inflation expectations in the euro area: a review of recent developments
Monthly Bulletin Issue 2, 2011
20/01/2011
Recent developments in loans to the private sector
Monthly Bulletin Issue 1, 2011
12/11/2010
Asset price bubbles and monetary policy revisited
Monthly Bulletin Issue 11, 2010
12/11/2010
Enhancing monetary analysis
Monthly Bulletin Issue 11, 2010
18/10/2010
The ECB's response to the financial crisis
Monthly Bulletin Issue 10, 2010
13/05/2010
Monetary policy transmission in the euro area, a decade after the introduction of the euro
Monthly Bulletin Issue 5, 2010
11/02/2010
Euro repo markets and the financial market turmoil
Monthly Bulletin Issue 2, 2010
21/01/2010
The ECB's monetary policy stance during the financial crisis
Monthly Bulletin Issue 1, 2010
12/11/2009
Central bank communication in periods of heightened uncertainty
Monthly Bulletin Issue 11, 2009
12/11/2009
Monetary analysis in an environment of financial turmoil
Monthly Bulletin Issue 11, 2009
15/10/2009
Monetary policy and loan supply in the euro area
Monthly Bulletin Issue 10, 2009
13/08/2009
Recent developments in the retail bank interest rate pass-through in the euro area
Monthly Bulletin Issue 8, 2009
13/08/2009
Housing finance in the euro area
Monthly Bulletin Issue 8, 2009
14/05/2009
Expectations and the conduct of monetary policy
Monthly Bulletin Issue 5, 2009
15/04/2009
The external financing of households and non-financial corporations: a comparison of the euro area and the United States
Monthly Bulletin Issue 4, 2009
22/01/2009
Housing wealth and private consumption in the euro area
Monthly Bulletin Issue 1, 2009
14/08/2008
The role of banks in the monetary policy transmission mechanism
Monthly Bulletin Issue 8, 2008
14/08/2008
The external dimension of monetary analysis
Monthly Bulletin Issue 8, 2008
10/07/2008
One monetary policy and many fiscal policies: ensuring a smooth functioning of EMU
Monthly Bulletin Issue 7, 2008
17/04/2008
Business investment in the euro area and the role of firms' financial positions
Monthly Bulletin Issue 4, 2008
14/02/2008
The new euro area yield curves
Monthly Bulletin Issue 2, 2008
14/02/2008
Securitisation in the euro area
Monthly Bulletin Issue 2, 2008
14/02/2008
The analysis of the euro money market from a monetary policy perspective
Monthly Bulletin Issue 2, 2008
17/01/2008
Productivity developments and monetary policy
Monthly Bulletin Issue 1, 2008
15/11/2007
The stock market’s changing structure and its consolidation: implications for the efficiency of the financial system and monetary policy
Monthly Bulletin Issue 11, 2007
11/10/2007
Long-term developments in MFI loans to households in the euro area: main patterns and determinants
Monthly Bulletin Issue 10, 2007
09/08/2007
Leveraged buyouts and financial stability
Monthly Bulletin Issue 8, 2007
09/08/2007
The financing of small and medium-sized enterprises in the euro area
Monthly Bulletin Issue 8, 2007
12/07/2007
Interpreting monetary developments since mid-2004
Monthly Bulletin Issue 7, 2007
17/05/2007
Share buybacks in the euro area
Monthly Bulletin Issue 5, 2007
19/04/2007
Communicating monetary policy to financial markets
Monthly Bulletin Issue 4, 2007
15/02/2007
The EU arrangements for financial crisis management
Monthly Bulletin Issue 2, 2007
09/11/2006
Monetary policy "activism"
Monthly Bulletin Issue 11, 2006
10/08/2006
Sectoral money holding: determinants and recent developments
Monthly Bulletin Issue 8, 2006
11/05/2006
The contribution of the ECB and the Eurosystem to European financial integration
Monthly Bulletin Issue 5, 2006
11/05/2006
Equity issuance in the euro area
Monthly Bulletin Issue 5, 2006
19/01/2006
The predictability of the ECB's monetary policy
Monthly Bulletin Issue 1, 2006
10/11/2005
Developments in corporate finance in the euro area
Monthly Bulletin Issue 11, 2005
13/10/2005
Assessing the performance of financial systems
Monthly Bulletin Issue 10, 2005
13/10/2005
Money demand and uncertainty
Monthly Bulletin Issue 10, 2005
11/05/2005
Monetary policy and inflation differentials in a heterogeneous currency area
Monthly Bulletin Issue 5, 2005
14/04/2005
Asset price bubbles and monetary policy
Monthly Bulletin Issue 4, 2005
11/11/2004
Extracting information from financial asset prices
Monthly Bulletin Issue 11, 2004
14/10/2004
Monetary analysis in real time
Monthly Bulletin Issue 10, 2004
13/05/2004
The natural real interest rates in the euro area
Monthly Bulletin Issue 5, 2004
12/02/2004
Developments in private sector balance sheets in the euro area and the United States
Monthly Bulletin Issue 2, 2004
13/11/2003
Developments in the debt financing of the euro area private sector
Monthly Bulletin Issue 11, 2003
09/10/2003
The integration of Europe’s financial markets
Monthly Bulletin Issue 10, 2003
09/10/2003
Recent developments in financial structures of the euro area
Monthly Bulletin Issue 10, 2003
07/08/2003
Changes to the Eurosystem's operational framework for monetary policy
Monthly Bulletin Issue 8, 2003
12/06/2003
The outcome of the ECB’s evaluation of its monetary policy strategy
Monthly Bulletin Issue 6, 2003
10/04/2003
A bank lending survey for the euro area
Monthly Bulletin Issue 4, 2003
13/02/2003
The relationship between monetary policy and fiscal policies in the euro area
Monthly Bulletin Issue 2, 2003
23/01/2003
The demand for currency in the euro area and the impact of the euro cash changeover
Monthly Bulletin Issue 1, 2003
14/11/2002
Transparency in the monetary policy of the ECB
Monthly Bulletin Issue 11, 2002
14/11/2002
The accountability of the ECB
Monthly Bulletin Issue 11, 2002
17/10/2002
Recent findings on monetary policy transmission in the euro area
Monthly Bulletin Issue 10, 2002
08/08/2002
Saving, financing and investment in the euro area
Monthly Bulletin Issue 8, 2002
11/04/2002
Enhancements to MFI balance sheet and interest rate statistics
Monthly Bulletin Issue 4, 2002
14/02/2002
The stock market and monetary policy
Monthly Bulletin Issue 2, 2002
18/11/2001
The economic policy framework in EMU
Monthly Bulletin Issue 11, 2001
18/10/2001
Issues related to monetary policy rules
Monthly Bulletin Issue 10, 2001
17/05/2001
Framework and tools of monetary analysis
Monthly Bulletin Issue 5, 2001
17/05/2001
Financing and financial investment of the non-financial sectors in the euro area
Monthly Bulletin Issue 5, 2001
08/02/2001
The external communication of the European Central Bank
Monthly Bulletin Issue 2, 2001
08/02/2001
Characteristics of corporate finance in the euro area
Monthly Bulletin Issue 2, 2001
11/01/2001
Monetary policy-making under uncertainty
Monthly Bulletin Issue 1, 2001
09/11/2000
Issues arising from the emergence of electronic money
Monthly Bulletin Issue 11, 2000
09/11/2000
The two pillars of the ECB’s monetary policy strategy
Monthly Bulletin Issue 11, 2000
13/07/2000
Monetary policy transmission in the euro area
Monthly Bulletin Issue 7, 2000
18/05/2000
The information content of interest rates and their derivatives for monetary policy
Monthly Bulletin Issue 5, 2000
13/01/2000
The euro area one year after the introduction of the euro: key characteristics and changes in the financial structure
Monthly Bulletin Issue 1, 2000
11/11/1999
Stability-oriented policies and developments in long-term real interest rates in the 1990s
Monthly Bulletin Issue 11, 1999
16/08/1999
The balance sheets of the Monetary Financial Institutions of the euro area in early 1999
Monthly Bulletin Issue 8, 1999
16/02/1999
Euro area monetary aggregates and their role in the Eurosystem's monetary policy strategy
Monthly Bulletin Issue 2, 1999
19/01/1999
The stability-oriented monetary policy strategy of the Eurosystem
Monthly Bulletin Issue 1, 1999
Real economy and price
21/09/2016
The employment-GDP relationship since the crisis
Economic Bulletin Issue 6, 2016
01/08/2016
New evidence on wage adjustment in Europe during the period 2010-13
Economic Bulletin Issue 5, 2016
23/03/2016
Transmission of output shocks - the role of cross-border production chains
Economic Bulletin Issue 2, 2016
14/12/2015
What is behind the recent rebound in euro area employment?
Economic Bulletin Issue 8, 2015
15/09/2015
The state of the house price cycle in the euro area
Economic Bulletin Issue 6, 2015
29/07/2015
Real convergence in the euro area: evidence, theory and policy implications
Economic Bulletin Issue 5, 2015
18/06/2015
Forecasting the price of oil
Economic Bulletin Issue 4, 2015
29/04/2015
Understanding the weakness in world trade
Economic Bulletin Issue 3, 2015
04/02/2015
Grocery prices in the euro area: findings from the analysis of a disaggregated price dataset
Economic Bulletin Issue 1, 2015
11/12/2014
December 2014 Eurosystem staff macroeconomic projections for the euro area
Monthly Bulletin Issue 12, 2014
13/11/2014
The financial vulnerability of euro area households - evidence from the Eurosystem's Household Finance and Consumption Survey
Monthly Bulletin Issue 11, 2014
09/10/2014
The impact of the economic crisis on euro area labour markets
Monthly Bulletin Issue 10, 2014
01/09/2014
September 2014 ECB staff macroeconomic projections for the euro area
Monthly Bulletin Issue 9, 2014
10/07/2014
The Phillips curve relationship in the euro area
Monthly Bulletin Issue 7, 2014
10/07/2014
SME access to finance in the euro area: barriers and potential policy remedies
Monthly Bulletin Issue 7, 2014
12/06/2014
June 2014 Eurosystem staff macroeconomic projections for the euro area
Monthly Bulletin Issue 6, 2014
15/05/2014
Euro area sectoral activity since 2008
Monthly Bulletin Issue 5, 2014
13/03/2014
March 2014 ECB Staff macroeconomic projections for the euro area
Monthly Bulletin Issue 3, 2014
16/01/2014
Fifteen years of the ECB Survey of Professional Forecasters
Monthly Bulletin Issue 1, 2014
12/12/2013
December 2013 Eurosystem staff macroeconomic projections for the euro area
Monthly Bulletin Issue 12, 2013
14/11/2013
Potential output, economic slack and nominal developments since the start of the crisis
Monthly Bulletin Issue 11, 2013
10/10/2013
Commodity prices and their role in assessing euro area growth and inflation
Monthly Bulletin Issue 10, 2013
09/05/2013
Country adjustment in the euro area: where do we stand?
Monthly Bulletin Issue 5, 2013
09/05/2013
An assessment of Eurosystem staff macroeconomic projections
Monthly Bulletin Issue 5, 2013
11/04/2013
The Eurosystem Household Finance and Consumption Survey: description and main results of the first wave
Monthly Bulletin Issue 4, 2013
17/01/2013
Confidence indicators and economic developments
Monthly Bulletin Issue 1, 2013
15/11/2012
Inflation differentials in the euro area during the last decade
Monthly Bulletin Issue 11, 2012
11/10/2012
Euro area labour markets and the crisis
Monthly Bulletin Issue 10, 2012
12/07/2012
Assessing the anchoring of longer-term inflation expectations
Monthly Bulletin Issue 7, 2012
10/05/2012
Comparing the recent financial crisis in the United States and the euro area with the experience of Japan in the 1990s
Monthly Bulletin Issue 5, 2012
12/04/2012
The development of prices and costs during the 2008-09 recession
Monthly Bulletin Issue 4, 2012
10/11/2011
House price developments in the euro area and the United States
Monthly Bulletin Issue 11, 2011
13/10/2011
Structural features of the distributive trades sectors and their impact on euro area price developments
Monthly Bulletin Issue 10, 2011
12/05/2011
Patterns of euro area and US macroeconomic cycles - what has been different this time?
Monthly Bulletin Issue 5, 2011
10/02/2011
Inflation expectations in the euro area: a review of recent developments
Monthly Bulletin Issue 2, 2011
20/01/2011
Trends in potential output
Monthly Bulletin Issue 1, 2011
12/08/2010
Oil prices - their determinants and impact on euro area inflation and the macroeconomy
Monthly Bulletin Issue 8, 2010
15/07/2010
Labour market adjustments to the recession in the euro area
Monthly Bulletin Issue 7, 2010
13/05/2010
The "Great Inflation": lessons for monetary policy
Monthly Bulletin Issue 5, 2010
15/04/2010
Tools for preparing short-term projections of the euro area inflation
Monthly Bulletin Issue 4, 2010
11/02/2010
Euro area commercial property markets and their impact on banks
Monthly Bulletin Issue 2, 2010
12/11/2009
The latest euro area recession in a historical context
Monthly Bulletin Issue 11, 2009
15/04/2009
Revisions to GDP estimates in the euro area
Monthly Bulletin Issue 4, 2009
12/02/2009
New survey evidence on wage setting in Europe
Monthly Bulletin Issue 2, 2009
22/01/2009
Housing wealth and private consumption in the euro area
Monthly Bulletin Issue 1, 2009
13/11/2008
Valuing stock markets and the equity risk premium
Monthly Bulletin Issue 11, 2008
13/11/2008
Monitoring labour cost developments across euro area countries
Monthly Bulletin Issue 11, 2008
15/05/2008
Price stability and growth
Monthly Bulletin Issue 5, 2008
17/04/2008
Short-term forecasts of economic activity in the euro area
Monthly Bulletin Issue 4, 2008
17/04/2008
Business investment in the euro area and the role of firms' financial positions
Monthly Bulletin Issue 4, 2008
17/01/2008
Productivity developments and monetary policy
Monthly Bulletin Issue 1, 2008
17/05/2007
Measured inflation and inflation perceptions in the euro area
Monthly Bulletin Issue 5, 2007
17/05/2007
Competition in and economic performance of the euro area services sector
Monthly Bulletin Issue 5, 2007
17/05/2007
Determinants of growth on the EU Member States of central and eastern Europe
Monthly Bulletin Issue 5, 2007
19/04/2007
Output growth differentials in the euro area: sources and implications
Monthly Bulletin Issue 4, 2007
18/01/2007
Developments in the structural features of euro area labour markets over the last decade
Monthly Bulletin Issue 1, 2007
18/01/2007
The enlarged EU and euro area economy
Monthly Bulletin Issue 1, 2007
13/07/2006
Measures of inflation expectations in the euro area
Monthly Bulletin Issue 7, 2006
09/02/2006
Assessing house price developments in the euro area
Monthly Bulletin Issue 2, 2006
10/11/2005
Price-setting behaviour in the euro area
Monthly Bulletin Issue 11, 2005
14/07/2005
The Harmonised Index of Consumer Prices: concept, properties and experience to date
Monthly Bulletin Issue 7, 2005
11/11/2004
Oil prices and the euro area economy
Monthly Bulletin Issue 11, 2004
08/07/2004
Labour productivity developments in the euro area: aggregate trends and sectoral patterns
Monthly Bulletin Issue 7, 2004
13/05/2004
The EU economy following the accession of the new Member States
Monthly Bulletin Issue 5, 2004
22/01/2004
Opinion surveys on activity, prices and labour market developments in the euro area: features and uses
Monthly Bulletin Issue 1, 2004
22/01/2004
Measuring and analysing profit developments in the euro area
Monthly Bulletin Issue 1, 2004
07/08/2003
Developments in the euro area's international cost and price competitiveness
Monthly Bulletin Issue 8, 2003
17/07/2003
Trends in euro area gross fixed capital formation
Monthly Bulletin Issue 7, 2003
15/05/2003
Recent trends in residential property prices in the euro area
Monthly Bulletin Issue 5, 2003
14/11/2002
The composition of employment growth in the euro area in recent years
Monthly Bulletin Issue 11, 2002
08/08/2002
Price level convergence and competition in the euro area
Monthly Bulletin Issue 8, 2002
11/07/2002
Characteristics of the euro area business cycle in the 1990s
Monthly Bulletin Issue 7, 2002
15/11/2001
The information content of composite indicators of the euro area business cycle
Monthly Bulletin Issue 11, 2001
09/08/2001
Product market reforms in the euro area
Monthly Bulletin Issue 8, 2001
12/07/2001
New technologies and productivity in the euro area
Monthly Bulletin Issue 7, 2001
11/07/2001
Measures of underlying inflation in the euro area
Monthly Bulletin Issue 7, 2001
11/01/2001
The euro area after the entry of Greece
Monthly Bulletin Issue 1, 2001
12/10/2000
Potential output growth and output gaps: concept, uses and estimates
Monthly Bulletin Issue 10, 2000
10/08/2000
Price and cost indicators for the euro area: an overview
Monthly Bulletin Issue 8, 2000
18/05/2000
Developments in and structural features of the euro area labour markets
Monthly Bulletin Issue 5, 2000
14/10/1999
Inflation differentials in a monetary union
Monthly Bulletin Issue 10, 1999
13/07/1999
Longer-term developments and cyclical variations in key economic indicators across euro area countries
Monthly Bulletin Issue 7, 1999
20/04/1999
The role of short-term economic indicators in the analysis of price developments in the euro area
Monthly Bulletin Issue 4, 1999
Fiscal
02/08/2016
Increasing resilience and long-term growth: the importance of sound institutions and economic structures for euro area countries and EMU
Economic Bulletin Issue 5, 2016
16/06/2016
The euro area fiscal stance
Economic Bulletin Issue 4, 2016
04/05/2016
Government debt reduction strategies in the euro area
Economic Bulletin Issue 3, 2016
21/03/2016
Public investment in Europe
Economic Bulletin Issue 2, 2016
02/11/2015
The short-term fiscal implications of structural reforms
Economic Bulletin Issue 7, 2015
16/09/2015
The fiscal impact of financial sector support during the crisis
Economic Bulletin Issue 6, 2015
16/03/2015
Progress with structural reforms across the euro area and their possible impacts
Economic Bulletin Issue 2, 2015
13/11/2014
Early warning indicators for fiscal stress in European budgetary surveillance
Monthly Bulletin Issue 11, 2014
09/10/2014
The assessment of fiscal effort
Monthly Bulletin Issue 10, 2014
10/04/2014
Fiscal multipliers and the timing of consolidation
Monthly Bulletin Issue 4, 2014
13/03/2014
March 2014 ECB Staff macroeconomic projections for the euro area
Monthly Bulletin Issue 3, 2014
14/02/2013
The importance and effectiveness of national fiscal frameworks in the EU
Monthly Bulletin Issue 2, 2013
12/07/2012
Monetary and fiscal policy interactions in a monetary union
Monthly Bulletin Issue 7, 2012
10/05/2012
A fiscal compact for a stronger Economic and Monetary Union
Monthly Bulletin Issue 5, 2012
12/04/2012
Analysing government debt sustainability in the euro area
Monthly Bulletin Issue 4, 2012
14/07/2011
The European stability mechanism
Monthly Bulletin Issue 7, 2011
14/04/2011
Ensuring fiscal sustainability in the euro area
Monthly Bulletin Issue 4, 2011
15/07/2010
The effectiveness of euro area fiscal policies
Monthly Bulletin Issue 7, 2010
15/04/2010
Measures taken by euro area governments in support of the financial sector
Monthly Bulletin Issue 4, 2010
21/01/2010
Entitlements of households under government pension schemes in the euro area – results on the basis of the new system of national accounts
Monthly Bulletin Issue 1, 2010
09/07/2009
The impact of government support to the banking sector on euro area public finances
Monthly Bulletin Issue 7, 2009
15/04/2009
The functional composition of government spending in the European Union
Monthly Bulletin Issue 4, 2009
09/10/2008
Ten years of the stability and growth pact
Monthly Bulletin Issue 10, 2008
19/04/2007
From government deficit to debt: bridging the gap
Monthly Bulletin Issue 4, 2007
15/02/2007
Challenges to fiscal sustainability in the euro area
Monthly Bulletin Issue 2, 2007
12/04/2006
The importance of public expenditure reform for economic growth and stability
Monthly Bulletin Issue 4, 2006
09/02/2006
Fiscal policies and financial markets
Monthly Bulletin Issue 2, 2006
11/08/2005
The reform of the Stability and Growth Pact
Monthly Bulletin Issue 8, 2005
14/07/2005
The Lisbon strategy: five years on
Monthly Bulletin Issue 7, 2005
12/08/2004
Properties and use of general government quarterly accounts
Monthly Bulletin Issue 8, 2004
13/04/2004
Fiscal policy influences on macroeconomic stability and prices
Monthly Bulletin Issue 4, 2004
22/01/2004
EMU and the conduct of fiscal policies
Monthly Bulletin Issue 1, 2004
09/04/2003
The need for comprehensive reforms to cope with population ageing
Monthly Bulletin Issue 4, 2003
11/04/2002
The operation of automatic fiscal stabilisers in the euro area
Monthly Bulletin Issue 4, 2002
09/08/2001
Fiscal policies and economic growth
Monthly Bulletin Issue 8, 2001
13/07/2000
Population ageing and fiscal policy in the euro area
Monthly Bulletin Issue 7, 2000
18/05/1999
The implementation of the Stability and Growth Pact
Monthly Bulletin Issue 5, 1999
Foreign exchange Balance of payments
17/01/2013
Intra-euro area trade linkages and external adjustment
Monthly Bulletin Issue 1, 2013
16/02/2012
Euro area cross-border financial flows
Monthly Bulletin Issue 2, 2012
12/08/2010
Recent developments in global and euro area trade
Monthly Bulletin Issue 8, 2010
10/07/2008
Euro area trade in services: some key stylised facts
Monthly Bulletin Issue 7, 2008
13/07/2006
Competitiveness and the export performance of the euro area
Monthly Bulletin Issue 7, 2006
10/02/2005
Euro area balance of payments and international investment position vis-à-vis main counterparts
Monthly Bulletin Issue 2, 2005
11/07/2002
Developments in the external direct and portfolio investment flows of the euro area
Monthly Bulletin Issue 7, 2002
10/08/2000
The external trade of the euro area economy: stylised facts and recent trends
Monthly Bulletin Issue 8, 2000
International
04/08/2016
The layers of the global financial safety net: taking stock
Economic Bulletin Issue 5, 2016
03/05/2016
The slowdown in emerging market economies and its implications for the global economy
Economic Bulletin Issue 3, 2016
18/06/2015
IMF surveillance of the euro area and its member countries
Economic Bulletin Issue 4, 2015
29/04/2015
Understanding the weakness in world trade
Economic Bulletin Issue 3, 2015
16/01/2014
Medium-term prospects for China’s economy and the internationalisation of the renminbi
Monthly Bulletin Issue 1, 2014
11/07/2013
Is there a risk of a creeping rise in trade protectionism?
Monthly Bulletin Issue 7, 2013
17/01/2013
Intra-euro area trade linkages and external adjustment
Monthly Bulletin Issue 1, 2013
10/05/2012
Comparing the recent financial crisis in the United States and the euro area with the experience of Japan in the 1990s
Monthly Bulletin Issue 5, 2012
12/05/2011
The external representation of the EU and EMU
Monthly Bulletin Issue 5, 2011
20/01/2011
The financial crisis and the strengthening of global policy cooperation
Monthly Bulletin Issue 1, 2011
15/07/2010
The impact of the financial crisis on the central and eastern European countries
Monthly Bulletin Issue 7, 2010
15/04/2010
Prospects for real and financial imbalances and a global rebalancing
Monthly Bulletin Issue 4, 2010
21/01/2010
The ECB's relations with European Union institutions and bodies - trends and prospects
Monthly Bulletin Issue 1, 2010
15/10/2009
Financial development in emerging economies - stock-taking and policy implications
Monthly Bulletin Issue 10, 2009
14/05/2009
Five years of EU membership
Monthly Bulletin Issue 5, 2009
12/02/2009
Assessing global trends in protectionism
Monthly Bulletin Issue 2, 2009
22/01/2009
Foreign asset accumulation by authorities in emerging markets
Monthly Bulletin Issue 1, 2009
17/01/2008
Globalisation, trade and the euro area macroeconomy
Monthly Bulletin Issue 1, 2008
09/08/2007
Adjustment of global imbalances in a financially integrating world
Monthly Bulletin Issue 8, 2007
12/07/2007
Oil-exporting countries: key structural features, economic developments and oil revenue recycling
Monthly Bulletin Issue 7, 2007
18/01/2007
Putting China's economic expansion in perspective
Monthly Bulletin Issue 1, 2007
09/11/2006
Financial development in central, eastern and south-eastern Europe
Monthly Bulletin Issue 11, 2006
10/11/2005
Economic and financial relations between the euro area and Russia
Monthly Bulletin Issue 11, 2005
11/08/2005
The role of "emerging Asia" in the global economy
Monthly Bulletin Issue 8, 2005
20/01/2005
Financial flows to emerging market economies: Changing patterns and recent developments
Monthly Bulletin Issue 1, 2005
14/10/2004
Economic integration in selected regions outside the European Union
Monthly Bulletin Issue 10, 2004
12/08/2004
The European Constitution and the ECB
Monthly Bulletin Issue 8, 2004
13/04/2004
The Barcelona partner countries and their relations with the euro area
Monthly Bulletin Issue 4, 2004
13/11/2003
Crisis resolution in emerging market economies - challenges for the international community
Monthly Bulletin Issue 11, 2003
09/05/2002
International supervisory co-operation
Monthly Bulletin Issue 5, 2002
14/02/2002
Recent developments in international co-operation
Monthly Bulletin Issue 2, 2002
11/01/2001
The ECB's relations with international organisations and fora
Monthly Bulletin Issue 1, 2001
12/10/2000
The ECB’s relations with institutions and bodies of the European Community
Monthly Bulletin Issue 10, 2000
Payment systems
09/05/2013
Target balances and monetary policy operations
Monthly Bulletin Issue 5, 2013
19/01/2012
Towards an integrated European card payments market
Monthly Bulletin Issue 1, 2012
13/11/2008
Ten years of TARGET and the launch of TARGET2
Monthly Bulletin Issue 11, 2008
10/08/2006
The evolution of large-value payment systems in the euro area
Monthly Bulletin Issue 8, 2006
14/04/2005
The ESCB-CESR standards for securities clearing and settlement in the European Union
Monthly Bulletin Issue 4, 2005
13/04/2004
Future developments in the TARGET system
Monthly Bulletin Issue 4, 2004
15/05/2003
Electronification of payments in Europe
Monthly Bulletin Issue 5, 2003
23/01/2003
CLS - purpose, concept and implications
Monthly Bulletin Issue 1, 2003
11/04/2002
The role of the Eurosystem in payment and clearing systems
Monthly Bulletin Issue 4, 2002
09/08/2001
Consolidation in central counterparty clearing in the euro area
Monthly Bulletin Issue 8, 2001
08/02/2001
Towards a uniform service level for retail payments in the euro area
Monthly Bulletin Issue 2, 2001
10/02/2000
Consolidation in the securities settlement industry
Monthly Bulletin Issue 2, 2000
11/11/1999
TARGET and payments in euro
Monthly Bulletin Issue 11, 1999
Market operations
14/08/2014
Experience with foreign currency liquidity-providing central bank swaps
Monthly Bulletin Issue 8, 2014
16/01/2014
Recent developments in excess liquidity and money market rates
Monthly Bulletin Issue 1, 2014
10/10/2013
Reference interest rates: role, challenges and outlook
Monthly Bulletin Issue 10, 2013
11/07/2013
The Eurosystem collateral framework throughout the crisis
Monthly Bulletin Issue 7, 2013
09/05/2013
Target balances and monetary policy operations
Monthly Bulletin Issue 5, 2013
11/04/2013
Liquidity regulation and monetary policy implementation
Monthly Bulletin Issue 4, 2013
09/07/2009
The implementation of monetary policy since August 2007
Monthly Bulletin Issue 7, 2009
15/05/2008
The Eurosystem's open market operations during the recent period of financial market volatility
Monthly Bulletin Issue 5, 2008
17/01/2008
The Eurosystem’s experience with forecasting autonomous factors and excess reserves
Monthly Bulletin Issue 1, 2008
11/10/2007
The collateral frameworks of the Federal Reserve System, the Bank of Japan and the Eurosystem
Monthly Bulletin Issue 10, 2007
09/11/2006
The Eurosystem's experience with fine-tuning operations at the end of the reserve maintenance period
Monthly Bulletin Issue 11, 2006
11/05/2006
The single list in the collateral framework of the Eurosystem
Monthly Bulletin Issue 5, 2006
12/04/2006
Portfolio management at the ECB
Monthly Bulletin Issue 4, 2006
13/05/2004
Risk mitigation methods in Eurosystem credit operations
Monthly Bulletin Issue 5, 2004
17/10/2002
Main features of the repo market in the euro area
Monthly Bulletin Issue 10, 2002
09/05/2002
The liquidity management of the ECB
Monthly Bulletin Issue 5, 2002
18/10/2001
Bidding behaviour of counterparties in the Eurosystem’s regular open market operations
Monthly Bulletin Issue 10, 2001
19/04/2001
The collateral framework of the Eurosystem
Monthly Bulletin Issue 4, 2001
13/07/2000
The switch to variable rate tenders in the main refinancing operations
Monthly Bulletin Issue 7, 2000
13/01/2000
Foreign exchange reserves and operations of the Eurosystem
Monthly Bulletin Issue 1, 2000
18/05/1999
The operational framework of the Eurosystem: description and first assessment
Monthly Bulletin Issue 5, 1999
Banking
02/02/2016
Recent developments in the composition and cost of bank funding in the euro area
Economic Bulletin Issue 1, 2016
08/08/2013
A macro stress-testing framework for bank solvency analysis
Monthly Bulletin Issue 8, 2013
08/08/2013
Assessing the retail bank interest rate pass-through in the euro area at times of financial fragmentation
Monthly Bulletin Issue 8, 2013
14/02/2013
Enhancing the monitoring of shadow banking
Monthly Bulletin Issue 2, 2013
09/08/2012
Assessing the financial conditions of the euro area private sector during the sovereign debt crisis
Monthly Bulletin Issue 8, 2012
09/08/2012
Heterogeneity in euro area financial conditions and policy implications
Monthly Bulletin Issue 8, 2012
15/04/2010
Measures taken by euro area governments in support of the financial sector
Monthly Bulletin Issue 4, 2010
11/02/2010
Euro area commercial property markets and their impact on banks
Monthly Bulletin Issue 2, 2010
09/10/2008
Cross-border bank mergers & aquisitions and institutional investors
Monthly Bulletin Issue 10, 2008
17/04/2008
Developments in the EU arrangements for financial stability
Monthly Bulletin Issue 4, 2008
19/01/2006
Hedge funds: developments and policy implications
Monthly Bulletin Issue 1, 2006
12/05/2005
Consolidation and diversification in the euro area banking sector
Monthly Bulletin Issue 5, 2005
10/02/2005
Bank market discipline
Monthly Bulletin Issue 2, 2005
20/01/2005
The new Basel capital accord: main features and implications
Monthly Bulletin Issue 1, 2005
11/11/2004
Developments in the EU framework for financial regulation, supervision and stability
Monthly Bulletin Issue 11, 2004
08/07/2004
Accounting for the resilience of the EU banking sector since 2000
Monthly Bulletin Issue 7, 2004
12/02/2004
The impact of fair value accounting on the European banking sector - a financial stability perspective
Monthly Bulletin Issue 2, 2004
07/08/2003
Recent developments in the euro area banking sector
Monthly Bulletin Issue 8, 2003
08/08/2002
Recent developments and risks in the euro area banking sector
Monthly Bulletin Issue 8, 2002
17/05/2001
The new capital adequacy regime the ECB perspective
Monthly Bulletin Issue 5, 2001
22/04/2000
EMU and banking supervision
Monthly Bulletin Issue 4, 2000
20/04/1999
Banking in the euro area: structural features and trends
Monthly Bulletin Issue 4, 1999
Banknote Statistical
17/12/2015
New features in monetary and financial statistics
Economic Bulletin Issue 8, 2015
05/11/2015
European statistics: cooperation between the European System of Central Banks and the European Statistical System
Economic Bulletin Issue 7, 2015
19/03/2015
Who holds what? New information on securities holdings
Economic Bulletin Issue 2, 2015
14/08/2014
New international standards in statistics - enhancements to methodology and data availability
Monthly Bulletin Issue 8, 2014
11/04/2013
The Eurosystem Household Finance and Consumption Survey: description and main results of the first wave
Monthly Bulletin Issue 4, 2013
11/08/2011
Keeping the ECB's monetary and financial statistics fit for use
Monthly Bulletin Issue 8, 2011
12/08/2010
Harmonised ECB statistics on euro area investment funds and their analytical use for monetary policy purposes
Monthly Bulletin Issue 8, 2010
11/02/2010
Update on developments in general economic statistics for the euro area
Monthly Bulletin Issue 2, 2010
14/02/2008
The new euro area yield curves
Monthly Bulletin Issue 2, 2008
15/11/2007
The introduction of quarterly sectoral accounts statistics for the euro area
Monthly Bulletin Issue 11, 2007
12/10/2006
Integrated financial and non-financial accounts for the institutional sectors in the euro area
Monthly Bulletin Issue 10, 2006
14/07/2005
The use of harmonised MFI interest rate statistics
Monthly Bulletin Issue 7, 2005
14/04/2005
Comparability of statistics for the euro area, the United States and Japan
Monthly Bulletin Issue 4, 2005
10/04/2003
Developments in general economic statistics for the euro area
Monthly Bulletin Issue 4, 2003
19/04/2001
Assessment of general economic statistics for the euro area
Monthly Bulletin Issue 4, 2001
Eurosystem
02/08/2016
Increasing resilience and long-term growth: the importance of sound institutions and economic structures for euro area countries and EMU
Economic Bulletin Issue 5, 2016
11/07/2013
The Eurosystem collateral framework throughout the crisis
Monthly Bulletin Issue 7, 2013
09/05/2013
An assessment of Eurosystem staff macroeconomic projections
Monthly Bulletin Issue 5, 2013
09/05/2013
Country adjustment in the euro area: where do we stand?
Monthly Bulletin Issue 5, 2013
15/11/2012
Recent economic and financial developments in EU candidate countries
Monthly Bulletin Issue 11, 2012
09/08/2012
Heterogeneity in euro area financial conditions and policy implications
Monthly Bulletin Issue 8, 2012
12/04/2012
Financial reporting in the Eurosystem
Monthly Bulletin Issue 4, 2012
15/10/2009
Recent developments in the balance sheets of the euro system, the federal reserve system and the Bank of Japan
Monthly Bulletin Issue 10, 2009
09/07/2009
Rotation of voting rights in the governing council of the ECB
Monthly Bulletin Issue 7, 2009
14/05/2009
Five years of EU membership
Monthly Bulletin Issue 5, 2009
10/07/2008
The Eurosystem as a provider of technical assistance to EU neighbouring regions
Monthly Bulletin Issue 7, 2008
10/02/2005
Initial experience with the changes to the Eurosystem's operational framework for monetary policy implementation
Monthly Bulletin Issue 2, 2005
12/02/2004
The acceding countries' economies on the threshold of the European Union
Monthly Bulletin Issue 2, 2004
07/08/2003
Changes to the Eurosystem's operational framework for monetary policy
Monthly Bulletin Issue 8, 2003
15/05/2003
The adjustment of voting modalities in the Governing Council
Monthly Bulletin Issue 5, 2003
11/07/2002
The Eurosystem’s dialogue with EU accession countries
Monthly Bulletin Issue 7, 2002
10/02/2000
The Eurosystem and the EU enlargement process
Monthly Bulletin Issue 2, 2000
13/01/2000
Foreign exchange reserves and operations of the Eurosystem
Monthly Bulletin Issue 1, 2000
14/10/1999
ESCB preparations for the year 2000
Monthly Bulletin Issue 10, 1999
13/07/1999
The institutional framework of the European System of Central Banks
Monthly Bulletin Issue 7, 1999
18/05/1999
The operational framework of the Eurosystem: description and first assessment
Monthly Bulletin Issue 5, 1999
19/01/1999
The euro area at the start of Stage Three
Monthly Bulletin Issue 1, 1999
Other
14/07/2011
The new EU framework for financial crisis management and resolution
Monthly Bulletin Issue 7, 2011
14/07/2011
The European stability mechanism
Monthly Bulletin Issue 7, 2011
12/05/2011
The external representation of the EU and EMU
Monthly Bulletin Issue 5, 2011
10/03/2011
The reform of economic governance in the euro area - essential elements
Monthly Bulletin Issue 3, 2011
15/07/2010
The impact of the financial crisis on the central and eastern European countries
Monthly Bulletin Issue 7, 2010
21/01/2010
The ECB's relations with European Union institutions and bodies - trends and prospects
Monthly Bulletin Issue 1, 2010
12/11/2009
Central bank communication in periods of heightened uncertainty
Monthly Bulletin Issue 11, 2009
14/05/2009
Credit rating agencies: developments and policy issues
Monthly Bulletin Issue 5, 2009
15/02/2007
Migrant remittances to regions neighbouring the EU
Monthly Bulletin Issue 2, 2007
12/10/2006
Demographic change in the euro area: projections and consequences
Monthly Bulletin Issue 10, 2006
12/05/2005
The evolving framework for corporate governance
Monthly Bulletin Issue 5, 2005
08/02/2001
The external communication of the European Central Bank
Monthly Bulletin Issue 2, 2001
11/11/1999
Legal instruments of the European Central Bank
Monthly Bulletin Issue 11, 1999