Special feature: Data protection: new technologies to protect privacy. Innovative technologies and solutions to protect data privacy, a new COVID-19 breakthrough and SME-friendly robotics. Welcome to this month’s Research*eu magazine....
Cross-border financial integration has increased the need to make suitable multilateral arrangements for global financial cooperation and oversight – these include more intense and more effective financial sector surveillance by the International Monetary Fund (IMF). The financial sector has a c...
This Occasional Paper reviews how climate change and policies to address it may affect the macro economy in ways that are relevant for central banks’ monetary policy assessment of the inflation outlook. To this end, the paper focuses on the potential channels through which climate change and the...
This paper summarises the outcome of an analysis of stablecoins undertaken by the ECB Crypto-Assets Task Force. At the time of writing, the stablecoin debate lacks a common taxonomy and unambiguous terminology. This paper applies a definition that distinguishes stablecoins from existing forms of...
The paper describes the main transmission channels of the spillovers of national fiscal policies to other countries within the euro area and investigates their magnitude using different models. In the context of Economic and Monetary Union (EMU), fiscal spillovers are relevant for the accurate a...
Mergers and acquisitions (M&A) entail the substantial reallocation of economic activities. When they involve distant acquiring and target companies, they transfer control and diffuse knowledge across locations, which in turn facilitates the process of the integration of business systems. This st...
As a cornerstone of its urban mobility policy, the European Commission has strongly encouraged European towns and cities of all sizes to embrace the concept of Sustainable Urban Mobility Plans (SUMPs). By improving accessibility to, through and within urban areas and promoting the shift towards ...
Facing today’s climate and environmental emergency, the Commission has committed in its Green Deal for the European Union to take action and to reach zero net emissions of greenhouse gases in 2050, while maintaining its economy competitive, thus making the EU “carbon neutral”. The transition to ...
This paper provides a comprehensive overview of the use of the Eurosystem’s monetary policy instruments and the operational framework, from the first quarter of 2018 to the last quarter of 2019. It reviews the context of Eurosystem market operations; the design and operation of the Eurosystem’s ...
