A robust strategy for a new era
The level of uncertainty is exceptionally high. Christine Lagarde says maintaining stability in a new era will be hard, and will require an ability to react as necessary
Read more
ECB
Understanding the economic losses from climate change
Recent research suggests that the impact of climate change on economic output might have been underestimated. Senne Aerts, Livio Stracca and Agnieszka Trzcinska highlight advances in understanding and measuring the economic impact of climate change and the remaining uncertainties
Read more
Innovation, integration and independence
Innovative, integrated and independent retail payments are crucial components of our monetary system. As payments transition into the digital era, Piero Cipollone discusses taking the Single Euro Payments Area to the next level
Read more
“Know thyself”
Failure to meet the Paris climate goals poses economic challenges that have an impact on central banks’ work, argues Frank Elderson. To avoid mistakes, policymakers must address the resulting structural changes
Read more
Governance at a turning point
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
Read more
Outlook for the euro area economy and financial stability
Luis de Guindos provides an overview of the euro area economy, and argues that it is vital to reform the EU’s economic governance framework in order to anchor expectations and support fiscal discipline
Read more
Paradise lost?
Crypto has failed to deliver on its promises. Fabio Panetta argues that the public sector should establish a comprehensive regulatory framework that addresses the risks with crypto
Read more
Why the digital euro might be dead on arrival
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
Read more
The safe asset potential of EU-issued bonds
The euro area suffers from a relative lack of euro-denominated safe assets. Tilman Bletzinger, William Greif and Bernd Schwaab evaluate the prospects of EU-issued bonds for becoming a supranational euro-denominated safe asset
Read more
Crypto dominoes
Cryptoassets promise radical change in how people pay, save and invest. Fabio Panetta considers the bursting crypto bubbles and the destiny of digital finance
Read more