Eurozone
ECB paper finds eurozone inflation better anchored than US
Analysis of medium- and longer-term inflation expectations at times of economic shocks finds European inflation expectations more firmly anchored than in the US
Financial markets still fragmented, say ECB and Commission
European Central Bank and European Commission find the eurozone is more economically and financially fragmented now than it was before the crisis
Constancio hails Banking Union's ‘remarkable sharing of sovereignty'
ECB vice-president Vitor Constancio says Banking Union with no common recapitalisation tool requires EU's biggest economies to surrender their advantage
Bonnici says Malta's economy weathering European storm
Central Bank of Malta governor says economy has been performing well despite the difficulties posed by eurozone weakness, with a strong banking sector and above-average profit for the central bank
Praet invokes Minsky to show importance of banking union
Europe's economies cannot converge by allowing 'catch-up' countries to ride a financial cycle upswing - as what goes up must come down, ECB chief economist tells conference
DNB's Knot says EMU countries must stick to macroeconomic rules
Blame for the euro crisis should be shared between surplus and deficit countries, says Dutch central bank chief, who urges a strict adherence to rules governing monetary union
French paper constructs credit risk indicators for eurozone
Working paper published by Banque de France builds credit risk indicators that are ‘highly robust’ leading indicators for economic activity and the growth of bank lending
Lagarde calls for co-ordination to contain ‘spillovers' and ‘spillbacks'
Speech warns advanced economies they can suffer from negative feedback when their policies cause spillovers in emerging markets
Eurozone policy was ‘backward' in the financial crisis, says Draghi
The policy measures brought in by the ECB and other eurozone authorities in 2010–11 were right in isolation but introduced in the wrong sequence, Mario Draghi has said
ECB flags pitfalls for new Estonian supervisory law
Legal opinion on draft law praises intentions but warns of a number of risks, including the potential to undermine the central bank’s independence
Draghi calls for 'good' form of bank deleveraging
By encouraging creative destruction in the banking sector, the ECB facilitates creative destruction in the wider economy, Draghi tells Vienna crowd
Bundesbank stands firm on risks posed by non-standard policy
Annual report reiterates German concerns that non-standard policies pose a threat to central bank independence; Weidmann says wintry economic conditions are beginning to warm
Sovereign credit ratings have asymmetric impact, ECB paper finds
Working paper finds market volatility depends on whether the rating was an upgrade or a downgrade; identifies channels of contagion between countries
Target2 'filled in' balance of payments gaps during euro crisis, NY Fed paper finds
Federal Reserve Bank of New York study finds adjustment to the pullback of private capital during the euro crisis made less harsh by Target2
Lithuania governor woos eurozone counterparts
Vitas Vasiliauskas meets central bank heads across eurozone to present Lithuania’s case for entry; Marek Belka calls for review of Poland’s euro prospects
BoE must balance ‘paradox' of more eurozone integration, says Cunliffe
Deputy governor for financial stability says cost of dysfunctional single currency favours ‘inconvenient' eurozone integration
ECB ‘obliged' to introduce OMT to defend price stability, Draghi tells Bundesbank
ECB president Mario Draghi tells a Bundesbank symposium in Frankfurt that OMTs build on the doctrine adhered to by the German central bank for several decades
IMF praises ‘dramatic’ turnaround in Spanish bank sector
Final report on Spain’s financial sector reform programme says ‘steadfast’ implementation paid dividends, but warns of a number of alarming trends still prevalent in the financial sector
Home repossession rules explain Europe's divergent debt profiles, paper finds
Discussion paper published by the Deutsche Bundesbank says differences in legal processes explain the ‘striking differences’ in debt profiles of each eurozone country
Eurozone crisis countries had to grasp the nettle of reform, says Cœuré
Delaying reforms until countries had emerged from the crisis would have been counterproductive, ECB board member says; effect of zero lower bound has been overstated, too
ECB working paper unpicks household demand for mortgage types
Paper comes to predicted conclusion that greater income volatility reduces demand for variable-rate mortgages; authors also reckon borrowers on variable rates benefited from lower rates
Risk discrimination 'essential', argues Bank of Spain deputy
Fernando Restoy rebuffs 'excessively simplistic approaches that prevent capital requirements being adapted to each bank's business model'
IMF warns recapitalisation of Slovenian banks is a 'stop-gap solution'
Report urges deeper reforms of under-capitalised corporate and banking sectors; says ECB comprehensive risk assessment expected later this year could expose additional capital shortfalls
IMF paper models sovereign restructuring in monetary union
Paper prepared by economists in IMF's fiscal affairs department shows the restructuring country's economy would suffer more if its residents hold most of its sovereign debt