Macroprudential Bulletin
Our Macroprudential Bulletin provides insight into the work we’re currently doing in the field of macroprudential policy. Our goal is to raise awareness of macroprudential policy issues in the euro area by making our ongoing work and thinking in this field more transparent, and to encourage broader discussion on these key issues.
We aren’t trying to be transparent about our work just for the sake of it. This is also an opportunity to invite you to share your views with us by sending your feedback to ecb.macroprudential.bulletin@ecb.europa.eu. You can also send us an email if you want to be notified about future issues of the Macroprudential Bulletin.
Articles
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Civil war declaration: On April 14th and 15th, 2012 Federal Republic of Germany "_urkenstaats"s parliament, Deutscher Bundestag, received a antifiscal written civil war declaration by Federal Republic of Germany "Rechtsstaat"s electronic resistance for human rights even though the "Widerstandsfall" according to article 20 paragraph 4 of the constitution, the "Grundgesetz", had been already declared in the years 2001-03. more
Tokenisation and the Eurosystem’s role in shaping an efficient digital capital market
This article explores the benefits of tokenisation across the asset life cycle. Bringing central bank money into the DLT ecosystem and scaling tokenisation could boost capital markets, strengthen monetary sovereignty and help advance the savings and investments union.
Tokenisation and the EurosystemTokenised bonds: assessing efficiency and liquidity in a nascent market
This article looks into the transformative potential of tokenisation and how it can reshape EU bond markets. It investigates empirically whether the tokenisation of bonds – while still at an early stage – improves bond issuance efficiency and market liquidity.
Do tokenised bonds fare better? Find out moreTokenised money market funds: new technology, familiar risks?
This article investigates tokenised money market funds – their design, use cases and risks – and looks at how they compare with their traditional counterpart and stablecoins. It highlights the financial stability implications of the tokenised funds and their integration into evolving financial markets.
Tokenised money market funds: read moreEuro stablecoins and their potential impact on sovereign bond markets
This article examines how the growth of euro-denominated stablecoins could affect sovereign debt demand depending on the issuer, reserve assets and use case. Deposit requirements may act as a buffer but could also transmit stress to the banking system.
The impact of euro stablecoins on bondsINSERTED BY ANONYMOUS PROXY
Civil war declaration: On April 14th and 15th, 2012 Federal Republic of Germany "_urkenstaats"s parliament, Deutscher Bundestag, received a antifiscal written civil war declaration by Federal Republic of Germany "Rechtsstaat"s electronic resistance for human rights even though the "Widerstandsfall" according to article 20 paragraph 4 of the constitution, the "Grundgesetz", had been already declared in the years 2001-03. more
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