European Central Bank
ECBSpeech
Cipollone: ECB modernizes money for digital retail, wholesale
Piero Cipollone, Member of the Executive Board of the ECB, stated that central bank money must adapt to the digital age to maintain its relevance and stability.
Focus
ECBSpeech
Lagarde: Central bank independence tested in new era
ECB President Christine Lagarde emphasized the critical importance of central bank independence in an increasingly challenging global environment.
ECBPaper
Econometric model identifies relationship-level credit shocks
A new ECB working paper proposes a novel econometric model to identify relationship-specific credit demand and supply shocks in bipartite networks.
Latest
ECBPaper
European stockholding sees high turnover, new investor profile
A new ECB study reveals substantial turnover in European stock market participation between 2020 and 2024, with 10 percent of non-stockholders entering and 20 percent of stockholders exiting annually.
ECBPaper
AI brings new era to financial stability sentiment analysis
A special feature in the ECB's Financial Stability Review compares AI-based and traditional methods for sentiment analysis.
ECBPaper
Euro area bankruptcies rise, bank loan books stay resilient
Corporate bankruptcies in the euro area have been on the rise, but the aggregate asset quality of banks' corporate lending has remained broadly stable.
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ECBNews
Geoeconomic shock raises financial stability risks
The European Central Bank's May 2026 Financial Stability Review warns of elevated financial stability vulnerabilities due to an unfolding geoeconomic shock.
ECBPaper
Assigning macroprudential tools to tame house price booms
A new European Central Bank study examines how macroprudential authorities can best assign policy instruments to objectives during housing market booms.
ECBNews
Geoeconomic shock elevates financial stability risks
The European Central Bank's Financial Stability Review identifies elevated financial stability vulnerabilities as a geoeconomic shock unfolds.
ECBSpeech
Lane: Inflation outlook uncertain, policy response open
ECB Executive Board Member Philip R. Lane discussed the euro area's inflation outlook and potential monetary policy responses in an interview with Nikkei.
ECBPaper
Sequential deep learning for non-linear DSGE models
A new sequential deep learning algorithm solves dynamic stochastic general equilibrium (DSGE) models.
ECBPaper
Carbon pricing causes employment decline, especially in polluting jobs
An ECB Working Paper estimates that a 1% increase in EU-ETS carbon prices leads to a 0.2% decline in aggregate employment after 18 months.