ECB - European Central Bank

Stockholding in Europe: Evidence from the Consumer Expectations Survey

about 9 hours ago

We examine recent changes in stock market participation using newly available survey...

Identifying relationship-level effects using covariance restrictions

about 9 hours ago

We propose a new model in which relationship-specific effects or shocks are...

Financial Stability Review, May 2026

about 10 hours ago

From dictionaries to AI: a new era in sentiment analysis for financial stability

about 10 hours ago

Financial stability communication is challenging because its task is not to forecast...

House price booms and policy choices: insights from a meta-regression analysis

about 10 hours ago

This special feature examines policy-assignment dilemmas facing macroprudential authorities when housing markets...

Rising bankruptcies, resilient loan books: unpacking euro area corporate credit risk

about 10 hours ago

Corporate bankruptcies in the euro area have been on the rise, but...

Employment effects of EU-ETS prices

1 day ago

This paper studies the employment effects of carbon pricing under the European...

Sequential solution for DSGE models with deep neural networks

1 day ago

This paper develops a sequential deep learning algorithm for solving dynamic stochastic...

Stress in global private credit markets and its implications for euro area financial stability

1 day ago

Recent stress in parts of the US private credit market − including...

Euro area and national balance of payments and international investment position statistics

5 days ago

Survey on credit terms and conditions in euro-denominated securities financing and OTC derivatives markets (SESFOD)

7 days ago

External finance premium: market finance versus bank finance

8 days ago

This paper is the first to simultaneously examine firms’ market-based and bank-based...