This article reviews the impact of the ECB’s corporate sector purchase programme (CSPP)
on corporate bond markets and the financing of euro area non-financial corporations (NFCs). …

This paper sheds light on the impact of global macroeconomic uncertainty on the euro area
economy. We build on the methodology proposed by Jurado et al.(2015) and estimate global …

Over the past year the global economy has transitioned from a robust and synchronised
expansion to a widespread slowdown. Global growth has weakened on the back of soft …

Commodity prices play an important role in economic developments in most of the 24 Western
and Central African (WCA) countries covered in this paper. It is confirmed that in the light …

This paper reviews and assesses financial stability challenges in countries preparing for EU
membership, ie Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, …

Soaring real estate prices and valuations despite the economic downturn brought by the
pandemic have focussed the attention of Dutch policymakers on potential macro-financial and …

Equity capital is among the main sources of funding for euro area non-financial corporations
(NFCs), making it an important factor in the transmission of monetary policy. From a central …

This paper first presents a comprehensive analysis of the significance of different transmission
channels of the global economic and financial crisis to Sub-Saharan African countries. It …

This paper analyses the main features of the market for euro-denominated bonds issued by
non-euro area residents on the basis of a new database. It shows that large private …

This paper reviews financial stability challenges in the EU candidate countries Croatia,
Turkey and the former Yugoslav Republic of Macedonia. It examines the financial sectors in …