European Central Bank
ECBPaper
Paris Agreement falls short as climate risks accelerate
A new European Central Bank working paper reviews global climate governance ten years after the 2015 Paris Agreement.
Focus
ECBPaper
Securities losses reduce bank liquidity and tighten corporate credit
A new ECB research bulletin shows that securities losses during the 2022-23 tightening cycle reduced euro area banks' access to secured funding.
ECBDecoder
Oil prices rise 29 percent despite 14 percent supply shock
Despite a 14 percent global oil supply disruption from the Iran conflict, oil prices have risen by only 29 percent by early June 2026.
Latest
ECBPaper
Central bank purchases and debt management shape Bund repo specialness
A new European Central Bank working paper analyzes how debt management office interventions and Eurosystem asset purchases jointly affected German government bond repo specialness between 2015 and 2024.
ECBPaper
Price shock lowers bank credit for energy-intensive firms
A new European Central Bank working paper examines the impact of the 2022 energy price shock on bank lending using Danish firm-level data.
ECBSpeech
Lane outlines euro area outlook and global trade dynamics
ECB Executive Board member Philip R. Lane presented an assessment of the euro area economy at the MacGill Summer School on July 24, 2026.
More Topics
ECBNews
Corporate loan portfolios integrated into euro area collateral framework
The European Central Bank has integrated non-financial corporate loan portfolios into its general collateral framework.
ECBNews
Climate factors extended to corporate credit claims
The European Central Bank will extend climate factors in its collateral framework to non-financial corporate credit claims.
ECBDecoder
Macroprudential policy fosters European productivity growth
An ECB blog post published in July 2026 argues that macroprudential policy supports productivity by preventing crises and curbing unproductive real estate lending.
ECBPaper
Agent-based model shows releasable buffers stabilize credit
A new European Central Bank working paper introduces the DeTail agent-based framework to evaluate state-contingent tail effects of releasable macroprudential capital buffers.
ECBPaper
Import tariffs contract US manufacturing via network linkages
A European Central Bank working paper shows that US import tariffs reduce domestic manufacturing output through backward and forward network linkages.
ECBNews
50 billion euro liquidity line launched for central banks
The European Central Bank has started onboarding non-euro area central banks to its enhanced repo facility.