Narrow search
Showing 1 - 10 of 182
Cover Image
The impact of the euro area economy and banks on biodiversity
Ceglar, Andrej; Boldrini, Simone; Lelli, Chiara; … - 2023
more than 2,500 unique consolidated euro area banks. Considering two primary drivers of biodiversity loss (land-use change …Biodiversity - the variety of life on Earth - is essential for sustaining the healthy ecosystems that our economy and … immense pressure on nature and biodiversity. Economic activities that rely on healthy nature are often responsible for …
Persistent link: https://www.econbiz.de/10014439044
Cover Image
The climate change challenge and fiscal instruments and policies in the EU
Avgousti, Aris; Caprioli, Francesco; Caracciolo, Giacomo; … - 2023
Fiscal policy plays a prominent role in climate change mitigation and adaptation. An optimal combination of revenue policies, in particular taxes, and expenditure policies, such as subsidies and investment, is essential in order to achieve greenhouse gas emissions targets. This paper analyses...
Persistent link: https://www.econbiz.de/10014248742
Cover Image
Living in a world of disappearing nature : physical risk and the implications for financial stability
Boldrini, Simone; Ceglar, Andrej; Lelli, Chiara; … - 2023
The loss of biodiversity and the degradation of natural ecosystems pose a significant threat to the broader economy and …
Persistent link: https://www.econbiz.de/10014429815
Cover Image
Climate change and monetary policy in the euro are
2021
This paper analyses the implications of climate change for the conduct of monetary policy in the euro area. It first investigates macroeconomic and financial risks stemming from climate change and from policies aimed at climate mitigation and adaptation, as well as the regulatory and fiscal...
Persistent link: https://www.econbiz.de/10012650745
Cover Image
To be or not to be "green" : how can monetary policy react to climate change?
Boneva, Lena; Ferrucci, Gianluigi; Mongelli, Francesco Paolo - 2021
Climate change has profound effects not only for societies and economies, but also for central banks’ ability to deliver price stability in the future. This paper starts by documenting why climate change matters for monetary policy: it impacts the economic variables relevant to setting the...
Persistent link: https://www.econbiz.de/10012672320
Cover Image
The ECB after the crisis : existing synergies among monetary policy, macroprudential policies and banking supervision
Cassola, Nuno; Kok Sørensen, Christoffer; Mongelli, … - 2019
The prolonged crisis exposed the vulnerability of a monetary union without a banking union. The Single Supervisory Mechanism (SSM), which started operating in November 2014, is an essential step towards restoring banks to health and rebuilding trust in the banking system. The ECB is today...
Persistent link: https://www.econbiz.de/10012132851
Cover Image
Availability of high-quality liquid assets and monetary policy operations : an analysis for the euro area
Grandia, Roel (ed.); Hänling, Petra (ed.);  … - Europäische Zentralbank - 2019
This paper provides an overview of supply and demand factors influencing the availability of euro-denominated debt instruments that qualify as high-quality liquid assets (HQLA) in the euro area. The paper estimates the supply of HQLA issued by the public and private sectors as well as the...
Persistent link: https://www.econbiz.de/10011976095
Cover Image
The impact of global value chains onthe euro area economy
Dorrucci, Ettore (contributor);  … - Europäische Zentralbank / Working Group on Global … - 2019
The studies summarised in this paper focus on the economic implications of euro area firms’ participation in global value chains (GVCs). They show how, and to what extent, a large set of economic variables and inter-linkages have been affected by international production sharing. The core...
Persistent link: https://www.econbiz.de/10012014067
Cover Image
Economic structures 20 years into the euro
Consolo, Agostino; Gunnella, Vanessa; Koester, Gerrit; … - 2019
strengthened national economic structures were supported by a reformed EU crisis and economic governance framework. However …
Persistent link: https://www.econbiz.de/10012020340
Cover Image
Taking stock of the functioning of the EU fiscal rules and options for reform
Kamps, Christophe; Leiner-Killinger, Nadine - 2019
This paper reviews developments in fiscal rules in the European Union (EU) from the entering into force of the Treaty … that fiscal positions in the EU and the euro area are now more favourable than they would have been in the absence of the …
Persistent link: https://www.econbiz.de/10012063785