We’ve been raising interest rates to bring down inflation. How does that work? Are we already seeing the impact on prices? And is this the end of super-low rates?Our host Katie Ranger puts these questions to Chief Economist Philip R. Lane in the second episode of our Summer School mini-series.The views expressed are those of the speakers and not necessarily those of the European Central Bank.Published on 11 August 2023 and recorded on 27 July 2023.Additional material [pls add this as a headline on soundcloud too]The ECB Podcast Summer School #1: a deep dive into inflation  https://soundcloud.com/europeancentralbank/the-ecb-podcast-summer-school-a-deep-dive-into-inflation  The ECB Podcast: are wages and greedflation really pushing up prices? June 2023  https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod230623_episode62.en.html Our monetary policy statement at a glance – July 2023  https://www.ecb.europa.eu/press/pressconf/visual-mps/2023/html/mopo_statement_explained_july.en.html European Central Bank www.ecb.europa.eu

We’ve been raising interest rates to bring down inflation. How does that work? Are we already seeing the impact on prices? And is this the end of super-low rates? Our host Katie Ranger puts these questions to Chief Economist Philip R. Lane in the second episode of our Summer School mini-series. The views expressed are those of the speakers and not necessarily those of the European Central Bank. Published on 11 August 2023 and recorded on 27 July 2023. Additional material [pls add this as a headline on soundcloud too] The ECB Podcast Summer School #1: a deep dive into inflation <a href="https://soundcloud.com/europeancentralbank/the-ecb-podcast-summer-school-a-deep-dive-into-inflation" rel="nofollow" target="_blank">https://soundcloud.com/europeancentralbank/the-ecb-podcast-summer-school-a-deep-dive-into-inflation</a> The ECB Podcast: are wages and greedflation really pushing up prices? June 2023 <a href="https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod230623_episode62.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod230623_episode62.en.html</a> Our monetary policy statement at a glance – July 2023 <a href="https://www.ecb.europa.eu/press/pressconf/visual-mps/2023/html/mopo_statement_explained_july.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/pressconf/visual-mps/2023/html/mopo_statement_explained_july.en.html</a> European Central Bank <a href="http://www.ecb.europa.eu" rel="nofollow" target="_blank">www.ecb.europa.eu</a>

The ECB Podcast Summer School #2: the nuts and bolts of interest rates

Inflation is falling, but it’s still higher than we want it to be. What’s making it hard to tackle? And what will determine how prices and wages develop?Our host Katie Ranger gets to the bottom of this with our Chief Economist Philip R. Lane in our new Summer School mini-series.The views expressed are those of the speakers and not necessarily those of the European Central Bank.Published on 4 August 2023 and recorded on 27 July 2023.Additional materialConsumer Expectations Survey  https://www.ecb.europa.eu/stats/ecb_surveys/consumer_exp_survey/html/index.en.html Economic Bulletin: Underlying inflation measures: an analytical guide for the euro area https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202305_05~84e89bcb5d.en.htmlThe ECB Podcast: are wages and greedflation really pushing up prices? June 2023  https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod230623_episode62.en.html Our monetary policy statement at a glance – July 2023  https://www.ecb.europa.eu/press/pressconf/visual-mps/2023/html/mopo_statement_explained_july.en.html

Inflation is falling, but it’s still higher than we want it to be. What’s making it hard to tackle? And what will determine how prices and wages develop? Our host Katie Ranger gets to the bottom of this with our Chief Economist Philip R. Lane in our new Summer School mini-series. The views expressed are those of the speakers and not necessarily those of the European Central Bank. Published on 4 August 2023 and recorded on 27 July 2023. Additional material Consumer Expectations Survey <a href="https://www.ecb.europa.eu/stats/ecb_surveys/consumer_exp_survey/html/index.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/stats/ecb_surveys/consumer_exp_survey/html/index.en.html</a> Economic Bulletin: Underlying inflation measures: an analytical guide for the euro area <a href="https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202305_05~84e89bcb5d.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202305_05~84e89bcb5d.en.html</a> The ECB Podcast: are wages and greedflation really pushing up prices? June 2023 <a href="https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod230623_episode62.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod230623_episode62.en.html</a> Our monetary policy statement at a glance – July 2023 <a href="https://www.ecb.europa.eu/press/pressconf/visual-mps/2023/html/mopo_statement_explained_july.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/pressconf/visual-mps/2023/html/mopo_statement_explained_july.en.html</a>

The ECB Podcast Summer School #1: a deep dive into inflation

Today our Governing Council decided on monetary policy, determining what’s needed to achieve stable prices in the euro area.Listen to President Christine Lagarde present today’s decisions. The statement also covers:-	how the economy is performing -	how we expect prices to develop-	the risks to the economic outlook -	the dynamics behind financial and monetary conditionsPublished and recorded during our press conference on 27 July 2023.European Central Bank https://www.ecb.europa.eu/home/html/index.en.htmlYou can also listen to The ECB Podcast on SoundCloud, Spotify, Deezer, Stitcher, YouTube, Amazon Music and many more pod.link/ecbpodcastAdditional material:Our monetary policy statement at a glance, 27 July 2023 [link to visual monetary policy statement]Christine Lagarde, Luis de Guindos: Monetary policy statement, 27 July 2023 https://www.ecb.europa.eu/press/pressconf/2023/html/ecb.is230727~e0a11feb2e.en.htmlMonetary policy decisions, 27 July 2023 https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.mp230727~da80cfcf24.en.htmlCombined monetary policy decisions and statement, 27 July 2023 https://www.ecb.europa.eu/press/pressconf/shared/pdf/ecb.ds230727~9e147b657d.en.pdf

Today our Governing Council decided on monetary policy, determining what’s needed to achieve stable prices in the euro area. Listen to President Christine Lagarde present today’s decisions. The statement also covers: -	how the economy is performing -	how we expect prices to develop -	the risks to the economic outlook -	the dynamics behind financial and monetary conditions Published and recorded during our press conference on 27 July 2023. European Central Bank <a href="https://www.ecb.europa.eu/home/html/index.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/home/html/index.en.html</a> You can also listen to The ECB Podcast on SoundCloud, Spotify, Deezer, Stitcher, YouTube, Amazon Music and many more pod.link/ecbpodcast Additional material: Our monetary policy statement at a glance, 27 July 2023 [link to visual monetary policy statement] Christine Lagarde, Luis de Guindos: Monetary policy statement, 27 July 2023 <a href="https://www.ecb.europa.eu/press/pressconf/2023/html/ecb.is230727~e0a11feb2e.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/pressconf/2023/html/ecb.is230727~e0a11feb2e.en.html</a> Monetary policy decisions, 27 July 2023 <a href="https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.mp230727~da80cfcf24.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.mp230727~da80cfcf24.en.html</a> Combined monetary policy decisions and statement, 27 July 2023 <a href="https://www.ecb.europa.eu/press/pressconf/shared/pdf/ecb.ds230727~9e147b657d.en.pdf" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/pressconf/shared/pdf/ecb.ds230727~9e147b657d.en.pdf</a>

President Lagarde presents the latest monetary policy decisions – 27 July 2023

How are changes in energy markets affecting people’s daily lives? And how can we make our economies more resilient to these shocks? Our host Katie Ranger discusses recent developments in energy markets and their impact on our economies with Norges Bank Governor Ida Wolden Bache while at the ECB Forum on Central Banking.Published on 29 June 2023 and recorded on 27 June 2023.ECB Forum on Central Banking 2023 – programme https://www.ecb.europa.eu/pub/conferences/html/20230626_ecb_forum_on_central_banking.en.html   European Central Bank www.ecb.europa.eu

How are changes in energy markets affecting people’s daily lives? And how can we make our economies more resilient to these shocks? Our host Katie Ranger discusses recent developments in energy markets and their impact on our economies with Norges Bank Governor Ida Wolden Bache while at the ECB Forum on Central Banking. Published on 29 June 2023 and recorded on 27 June 2023. ECB Forum on Central Banking 2023 – programme <a href="https://www.ecb.europa.eu/pub/conferences/html/20230626_ecb_forum_on_central_banking.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/pub/conferences/html/20230626_ecb_forum_on_central_banking.en.html</a> European Central Bank <a href="http://www.ecb.europa.eu" rel="nofollow" target="_blank">www.ecb.europa.eu</a>

The changing shape of energy markets with Ida Wolden Bache

How stable is the global economic recovery? And is geoeconomic fragmentation a threat?Gita Gopinath, the IMF’s First Deputy Managing Director, joins our host Katie Ranger on the ECB Podcast to discuss these and other questions while at the ECB Forum on Central Banking in Sintra, Portugal.Published on 27 June 2023 and recorded on 27 June 2023.Further reading:Three Uncomfortable Truths For Monetary Policy - Remarks by Gita Gopinath at the ECB Forum on Central Banking, 26 June 2023https://www.ecb.europa.eu/pub/conferences/ecbforum/shared/pdf/2023/Gopinath_speech.pdfThree Uncomfortable Truths For Monetary Policy - Presentation by Gita Gopinath at the ECB Forum on Central Banking, 26 June 2023https://www.ecb.europa.eu/pub/conferences/ecbforum/shared/pdf/2023/Gopinath_presentation.pdfIMF’s world economic outlook 2023https://www.imf.org/en/Publications/WEO/Issues/2023/04/11/world-economic-outlook-april-2023 IMF’s report on geoeconomic fragmentation and the future of multilateralismhttps://www.imf.org/en/Publications/Staff-Discussion-Notes/Issues/2023/01/11/Geo-Economic-Fragmentation-and-the-Future-of-Multilateralism-527266ECB Forum on Central Banking 2023 – programmehttps://www.ecb.europa.eu/pub/conferences/html/20230626_ecb_forum_on_central_banking.en.html Link to Gita Gopinath's opening speech, 26th of June:https://youtube.com/live/wbIbpItoOT4?feature=shareEuropean Central Bankwww.ecb.europa.eu

How stable is the global economic recovery? And is geoeconomic fragmentation a threat? Gita Gopinath, the IMF’s First Deputy Managing Director, joins our host Katie Ranger on the ECB Podcast to discuss these and other questions while at the ECB Forum on Central Banking in Sintra, Portugal. Published on 27 June 2023 and recorded on 27 June 2023. Further reading: Three Uncomfortable Truths For Monetary Policy - Remarks by Gita Gopinath at the ECB Forum on Central Banking, 26 June 2023 <a href="https://www.ecb.europa.eu/pub/conferences/ecbforum/shared/pdf/2023/Gopinath_speech.pdf" rel="nofollow" target="_blank">https://www.ecb.europa.eu/pub/conferences/ecbforum/shared/pdf/2023/Gopinath_speech.pdf</a> Three Uncomfortable Truths For Monetary Policy - Presentation by Gita Gopinath at the ECB Forum on Central Banking, 26 June 2023 <a href="https://www.ecb.europa.eu/pub/conferences/ecbforum/shared/pdf/2023/Gopinath_presentation.pdf" rel="nofollow" target="_blank">https://www.ecb.europa.eu/pub/conferences/ecbforum/shared/pdf/2023/Gopinath_presentation.pdf</a> IMF’s world economic outlook 2023 <a href="https://www.imf.org/en/Publications/WEO/Issues/2023/04/11/world-economic-outlook-april-2023" rel="nofollow" target="_blank">https://www.imf.org/en/Publications/WEO/Issues/2023/04/11/world-economic-outlook-april-2023</a> IMF’s report on geoeconomic fragmentation and the future of multilateralism <a href="https://www.imf.org/en/Publications/Staff-Discussion-Notes/Issues/2023/01/11/Geo-Economic-Fragmentation-and-the-Future-of-Multilateralism-527266" rel="nofollow" target="_blank">https://www.imf.org/en/Publications/Staff-Discussion-Notes/Issues/2023/01/11/Geo-Economic-Fragmentation-and-the-Future-of-Multilateralism-527266</a> ECB Forum on Central Banking 2023 – programme <a href="https://www.ecb.europa.eu/pub/conferences/html/20230626_ecb_forum_on_central_banking.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/pub/conferences/html/20230626_ecb_forum_on_central_banking.en.html</a> Link to Gita Gopinath's opening speech, 26th of June: <a href="https://youtube.com/live/wbIbpItoOT4?feature=share" rel="nofollow" target="_blank">https://youtube.com/live/wbIbpItoOT4?feature=share</a> European Central Bank <a href="http://www.ecb.europa.eu" rel="nofollow" target="_blank">www.ecb.europa.eu</a>

A global view on economic developments with Gita Gopinath

What is the risk of a wage-price spiral? How long will we go on raising interest rates? And are companies’ high profits fuelling inflation?Our host Katie Ranger discusses these questions with our Chief Economist Philip R. Lane on The ECB Podcast.The views expressed are those of the speakers and not necessarily those of the European Central Bank.Published on 23 June 2023 and recorded on 20 June 2023.In this episode:1:20 – The ECB’s latest monetary policy decisionsWhy are we raising interest rates again and when will we reach the right rate to bring inflation down to our 2% target?6:56 – Underlying versus headline inflation: what’s the difference?What do we understand by core, headline and underlying inflation, what role do energy prices play, and which way is inflation going?15:02 – The risk of a wage-price spiral What is the risk of a wage-price spiral, why can it be dangerous and how can we avoid it?19:44 – The ‘’greedflation’’ phenomenonAre companies’ widening profit margins driving up inflation – and if so, how will this situation rebalance? 23:47 – Our guest’s hot tipOur guest, Philip R. Lane, recommends that our listeners take a look at the 2023 Young Economist Prize finalists’ papers – and tune in to the ECB Forum on Central Banking to hear the winner being announced.Further reading:The ECB Forum on Central Banking 2023 – Programmehttps://www.ecb.europa.eu/pub/conferences/html/20230626_ecb_forum_on_central_banking.en.html Meet the finalists of the 2023 Young Economist Prizehttps://www.ecb.europa.eu/pub/conferences/ecbforum/YE_competition/html/index.en.htmlOur monetary policy statement at a glance – June 2023https://www.ecb.europa.eu/press/pressconf/visual-mps/2023/html/mopo_statement_explained_june.en.htmlEuropean Central Bankwww.ecb.europa.eu

What is the risk of a wage-price spiral? How long will we go on raising interest rates? And are companies’ high profits fuelling inflation? Our host Katie Ranger discusses these questions with our Chief Economist Philip R. Lane on The ECB Podcast. The views expressed are those of the speakers and not necessarily those of the European Central Bank. Published on 23 June 2023 and recorded on 20 June 2023. In this episode: 1:20 – The ECB’s latest monetary policy decisions Why are we raising interest rates again and when will we reach the right rate to bring inflation down to our 2% target? 6:56 – Underlying versus headline inflation: what’s the difference? What do we understand by core, headline and underlying inflation, what role do energy prices play, and which way is inflation going? 15:02 – The risk of a wage-price spiral What is the risk of a wage-price spiral, why can it be dangerous and how can we avoid it? 19:44 – The ‘’greedflation’’ phenomenon Are companies’ widening profit margins driving up inflation – and if so, how will this situation rebalance? 23:47 – Our guest’s hot tip Our guest, Philip R. Lane, recommends that our listeners take a look at the 2023 Young Economist Prize finalists’ papers – and tune in to the ECB Forum on Central Banking to hear the winner being announced. Further reading: The ECB Forum on Central Banking 2023 – Programme <a href="https://www.ecb.europa.eu/pub/conferences/html/20230626_ecb_forum_on_central_banking.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/pub/conferences/html/20230626_ecb_forum_on_central_banking.en.html</a> Meet the finalists of the 2023 Young Economist Prize <a href="https://www.ecb.europa.eu/pub/conferences/ecbforum/YE_competition/html/index.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/pub/conferences/ecbforum/YE_competition/html/index.en.html</a> Our monetary policy statement at a glance – June 2023 <a href="https://www.ecb.europa.eu/press/pressconf/visual-mps/2023/html/mopo_statement_explained_june.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/pressconf/visual-mps/2023/html/mopo_statement_explained_june.en.html</a> European Central Bank <a href="http://www.ecb.europa.eu" rel="nofollow" target="_blank">www.ecb.europa.eu</a>

Are wages and greedflation really pushing up prices?

Today our Governing Council decided on monetary policy, determining what’s needed to achieve stable prices in the euro area. Listen to President Christine Lagarde present today’s decisions. The statement also covers:-	how the economy is performing -	how we expect prices to develop-	the risks to the economic outlook -	the dynamics behind financial and monetary conditionsPublished and recorded during our press conference on 15 June 2023.Additional material:Our monetary policy statement at a glance, 15 June 2023 https://www.ecb.europa.eu/press/pressconf/visual-mps/2023/html/mopo_statement_explained_june.en.htmlChristine Lagarde, Luis de Guindos: Monetary policy statement (with Q&amp;A), 15 June 2023 https://www.ecb.europa.eu/press/pressconf/2023/html/ecb.is230615~3de9d68335.en.htmlMonetary policy decisions, 15 June 2023 https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.mp230615~d34cddb4c6.en.htmlCombined monetary policy decisions and statement, 15 June 2023 https://www.ecb.europa.eu/press/pressconf/shared/pdf/ecb.ds230615~19be62590b.en.pdfMacroeconomic projections, 15 June 2023 https://www.ecb.europa.eu/pub/projections/html/index.en.htmlEuropean Central Bank https://www.ecb.europa.eu/home/html/index.en.htmlYou can also listen to The ECB Podcast on SoundCloud, Spotify, Deezer, Stitcher, YouTube, Amazon Music and many more pod.link/ecbpodcast

Today our Governing Council decided on monetary policy, determining what’s needed to achieve stable prices in the euro area. Listen to President Christine Lagarde present today’s decisions. The statement also covers: -	how the economy is performing -	how we expect prices to develop -	the risks to the economic outlook -	the dynamics behind financial and monetary conditions Published and recorded during our press conference on 15 June 2023. Additional material: Our monetary policy statement at a glance, 15 June 2023 <a href="https://www.ecb.europa.eu/press/pressconf/visual-mps/2023/html/mopo_statement_explained_june.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/pressconf/visual-mps/2023/html/mopo_statement_explained_june.en.html</a> Christine Lagarde, Luis de Guindos: Monetary policy statement (with Q&amp;A), 15 June 2023 <a href="https://www.ecb.europa.eu/press/pressconf/2023/html/ecb.is230615~3de9d68335.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/pressconf/2023/html/ecb.is230615~3de9d68335.en.html</a> Monetary policy decisions, 15 June 2023 <a href="https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.mp230615~d34cddb4c6.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.mp230615~d34cddb4c6.en.html</a> Combined monetary policy decisions and statement, 15 June 2023 <a href="https://www.ecb.europa.eu/press/pressconf/shared/pdf/ecb.ds230615~19be62590b.en.pdf" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/pressconf/shared/pdf/ecb.ds230615~19be62590b.en.pdf</a> Macroeconomic projections, 15 June 2023 <a href="https://www.ecb.europa.eu/pub/projections/html/index.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/pub/projections/html/index.en.html</a> European Central Bank <a href="https://www.ecb.europa.eu/home/html/index.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/home/html/index.en.html</a> You can also listen to The ECB Podcast on SoundCloud, Spotify, Deezer, Stitcher, YouTube, Amazon Music and many more pod.link/ecbpodcast

President Lagarde presents the latest monetary policy decisions – 15 June 2023

How stable is our financial system? And what risks do we see for banks and property markets? Our host Katie Ranger delves into this topic with financial stability expert John Fell on The ECB Podcast.The views expressed are those of the speakers and not necessarily those of the European Central Bank.Published on 7 June 2023 and recorded on 2 June 2023.In this episode:01:45 – Looking back at the last six monthsWhat is a positive thing that has happened during the last six months in the financial sector, and what events are worrying?04:58 – How the bank failures and takeovers in the United States and Switzerland have affected euro area banksWhy were some of these events a surprise, and how much impact have they had on euro area banks?10:20 – Lessons learnt from the banking turmoilWhat issues has the turmoil raised, what lessons can be learnt from these events, and why did the speed and scale of bank runs stand out?14:13 – Real estate marketsWhich way are housing markets going after the long boom cycle?19:52 – Our guest’s hot tipOur guest, John Fell, shares two film recommendations with our listeners.Additional material:Financial Stability Review, May 2023https://www.ecb.europa.eu/pub/financial-stability/fsr/html/index.en.html The ECB Podcast: Hacktivists, ransoms and cyberwar – threats for the financial system? December 2022https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod221206_episode46.en.html The ECB Podcast: Is financial stability at risk in these stormy times? November 2022https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod221124_episode45.en.html European Central Bankwww.ecb.europa.euYou can also listen to The ECB Podcast on SoundCloud, Spotify, Deezer, Stitcher, YouTube, Amazon Music and many more pod.link/ecbpodcast

How stable is our financial system? And what risks do we see for banks and property markets? Our host Katie Ranger delves into this topic with financial stability expert John Fell on The ECB Podcast. The views expressed are those of the speakers and not necessarily those of the European Central Bank. Published on 7 June 2023 and recorded on 2 June 2023. In this episode: 01:45 – Looking back at the last six months What is a positive thing that has happened during the last six months in the financial sector, and what events are worrying? 04:58 – How the bank failures and takeovers in the United States and Switzerland have affected euro area banks Why were some of these events a surprise, and how much impact have they had on euro area banks? 10:20 – Lessons learnt from the banking turmoil What issues has the turmoil raised, what lessons can be learnt from these events, and why did the speed and scale of bank runs stand out? 14:13 – Real estate markets Which way are housing markets going after the long boom cycle? 19:52 – Our guest’s hot tip Our guest, John Fell, shares two film recommendations with our listeners. Additional material: Financial Stability Review, May 2023 <a href="https://www.ecb.europa.eu/pub/financial-stability/fsr/html/index.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/pub/financial-stability/fsr/html/index.en.html</a> The ECB Podcast: Hacktivists, ransoms and cyberwar – threats for the financial system? December 2022 <a href="https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod221206_episode46.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod221206_episode46.en.html</a> The ECB Podcast: Is financial stability at risk in these stormy times? November 2022 <a href="https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod221124_episode45.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod221124_episode45.en.html</a> European Central Bank <a href="http://www.ecb.europa.eu" rel="nofollow" target="_blank">www.ecb.europa.eu</a> You can also listen to The ECB Podcast on SoundCloud, Spotify, Deezer, Stitcher, YouTube, Amazon Music and many more pod.link/ecbpodcast

Financial stability and bank runs

Christine Lagarde

As part of the celebrations for the ECB’s 25th anniversary, ECB President Christine Lagarde looks back at a quarter of a century of commitment to price stability and working for a better Europe, and explores what might lie ahead.Published on 24 May 2023.Speech of President Lagarde https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230524~4e026cefbc.en.html 25 years of euro united – The ECB Blog by President Christine Lagardehttps://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog.230524~ed0f2638c1.en.html  Explainer: What the European Central Bank does and what it means for youhttps://www.ecb.europa.eu/ecb/educational/explainers/tell-me-more/html/anniversary.en.html  Explainer: Five things you need to know about the ECBhttps://www.ecb.europa.eu/ecb/educational/explainers/tell-me-more/html/five_things.en.html Everyone needs stability – Introducing the ECBhttps://www.ecb.europa.eu/ecb/educational/everyone-needs-stability/html/index.en.html  European Central Bankwww.ecb.europa.euYou can also listen to The ECB Podcast on SoundCloud, Spotify, Deezer, Stitcher, YouTube, Amazon Music and many more pod.link/ecbpodcast

As part of the celebrations for the ECB’s 25th anniversary, ECB President Christine Lagarde looks back at a quarter of a century of commitment to price stability and working for a better Europe, and explores what might lie ahead. Published on 24 May 2023. Speech of President Lagarde <a href="https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230524~4e026cefbc.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230524~4e026cefbc.en.html</a> 25 years of euro united – The ECB Blog by President Christine Lagarde <a href="https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog.230524~ed0f2638c1.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog.230524~ed0f2638c1.en.html</a> Explainer: What the European Central Bank does and what it means for you <a href="https://www.ecb.europa.eu/ecb/educational/explainers/tell-me-more/html/anniversary.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/ecb/educational/explainers/tell-me-more/html/anniversary.en.html</a> Explainer: Five things you need to know about the ECB <a href="https://www.ecb.europa.eu/ecb/educational/explainers/tell-me-more/html/five_things.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/ecb/educational/explainers/tell-me-more/html/five_things.en.html</a> Everyone needs stability – Introducing the ECB <a href="https://www.ecb.europa.eu/ecb/educational/everyone-needs-stability/html/index.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/ecb/educational/everyone-needs-stability/html/index.en.html</a> European Central Bank <a href="http://www.ecb.europa.eu" rel="nofollow" target="_blank">www.ecb.europa.eu</a> You can also listen to The ECB Podcast on SoundCloud, Spotify, Deezer, Stitcher, YouTube, Amazon Music and many more pod.link/ecbpodcast

Christine Lagarde on 25 years of the ECB

How transparent do organisations need to be about climate risks, and why does it matter? Where do banks and the ECB stand on sharing this information?Our host Katie Ranger speaks with Executive Board member and Supervisory Board Vice-Chair Frank Elderson in this episode of The ECB Podcast.The views expressed are those of the speakers and not necessarily those of the European Central Bank.Published on 13 May 2023 and recorded on 8 May 2023.In this episode:01:27 – What are climate disclosures and why do they matter?What information organisations should share about their climate-related risks, the forms these disclosures can take, and why they’re important for people, companies, investors and institutions.05:52 – Greenwashing and making sure disclosures aren’t misleadingHow we can make sure organisations are acting – and not just sounding – green, and how to know if the climate information can be trusted.13:32 – How well are banks disclosing their climate risks?What our latest report reveals about the progress banks have made in becoming more transparent when it comes to climate risks, and what we expect from them as their supervisor.17:50 – The ECB’s own climate disclosuresWhat our first set of climate disclosures shows about the carbon footprint of corporate bonds we bought as part of our monetary policy and other investments.22:38 – Our guest’s hot tipAdditional material:Press release: Banks must continue improving climate risk disclosures as new EU rules take effect, ECB report showshttps://www.bankingsupervision.europa.eu/press/pr/date/2023/html/ssm.pr230421~213bf10fbe.en.html Press release: ECB starts disclosing climate impact of portfolios on road to Paris-alignmenthttps://www.ecb.europa.eu/press/pr/date/2023/html/ecb.pr230323~05efc3cf49.en.html Explainer: What are climate disclosures?https://www.ecb.europa.eu/ecb/educational/explainers/html/what-are-climate-disclosures.en.html Speech by Frank Elderson: Policymakers as policy takers – accounting for climate-related and environmental factors in banking supervision and monetary policyhttps://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230421~489cd977e0.en.html The ECB Podcast: Greening the financial system: milestones in our climate change journey, 9 July 2022https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod220709_episode36.en.html Climate change and banking supervisionhttps://www.bankingsupervision.europa.eu/about/climate/html/index.en.html Climate change and the ECBhttps://www.ecb.europa.eu/ecb/climate/html/index.en.htmlEuropean Central Bankwww.ecb.europa.eu European Banking Supervisionwww.bankingsupervision.europa.eu

How transparent do organisations need to be about climate risks, and why does it matter? Where do banks and the ECB stand on sharing this information? Our host Katie Ranger speaks with Executive Board member and Supervisory Board Vice-Chair Frank Elderson in this episode of The ECB Podcast. The views expressed are those of the speakers and not necessarily those of the European Central Bank. Published on 13 May 2023 and recorded on 8 May 2023. In this episode: 01:27 – What are climate disclosures and why do they matter? What information organisations should share about their climate-related risks, the forms these disclosures can take, and why they’re important for people, companies, investors and institutions. 05:52 – Greenwashing and making sure disclosures aren’t misleading How we can make sure organisations are acting – and not just sounding – green, and how to know if the climate information can be trusted. 13:32 – How well are banks disclosing their climate risks? What our latest report reveals about the progress banks have made in becoming more transparent when it comes to climate risks, and what we expect from them as their supervisor. 17:50 – The ECB’s own climate disclosures What our first set of climate disclosures shows about the carbon footprint of corporate bonds we bought as part of our monetary policy and other investments. 22:38 – Our guest’s hot tip Additional material: Press release: Banks must continue improving climate risk disclosures as new EU rules take effect, ECB report shows <a href="https://www.bankingsupervision.europa.eu/press/pr/date/2023/html/ssm.pr230421~213bf10fbe.en.html" rel="nofollow" target="_blank">https://www.bankingsupervision.europa.eu/press/pr/date/2023/html/ssm.pr230421~213bf10fbe.en.html</a> Press release: ECB starts disclosing climate impact of portfolios on road to Paris-alignment <a href="https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.pr230323~05efc3cf49.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.pr230323~05efc3cf49.en.html</a> Explainer: What are climate disclosures? <a href="https://www.ecb.europa.eu/ecb/educational/explainers/html/what-are-climate-disclosures.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/ecb/educational/explainers/html/what-are-climate-disclosures.en.html</a> Speech by Frank Elderson: Policymakers as policy takers – accounting for climate-related and environmental factors in banking supervision and monetary policy <a href="https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230421~489cd977e0.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230421~489cd977e0.en.html</a> The ECB Podcast: Greening the financial system: milestones in our climate change journey, 9 July 2022 <a href="https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod220709_episode36.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod220709_episode36.en.html</a> Climate change and banking supervision <a href="https://www.bankingsupervision.europa.eu/about/climate/html/index.en.html" rel="nofollow" target="_blank">https://www.bankingsupervision.europa.eu/about/climate/html/index.en.html</a> Climate change and the ECB <a href="https://www.ecb.europa.eu/ecb/climate/html/index.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/ecb/climate/html/index.en.html</a> European Central Bank <a href="http://www.ecb.europa.eu" rel="nofollow" target="_blank">www.ecb.europa.eu</a> European Banking Supervision <a href="http://www.bankingsupervision.europa.eu" rel="nofollow" target="_blank">www.bankingsupervision.europa.eu</a>

Being transparent about climate risks

The European Central Bank Podcast – bringing you insights into the world of economics and central banking. Our host, Katie Ranger, talks to experts about the topics and trends that matter to the eurozone economy today.The views expressed are those of the speakers and not necessarily those of the European Central Bank.

The European Central Bank Podcast – bringing you insights into the world of economics and central banking. Our host, Katie Ranger, talks to experts about the topics and trends that matter to the eurozone economy today. The views expressed are those of the speakers and not necessarily those of the European Central Bank.

The ECB Podcast

What is the role of financial markets in the economy? How does the coronavirus pandemic affect markets? Is the current crisis also a financial crisis? Our host Michael Steen discusses these questions with ECB Executive Board member Isabel Schnabel.The views expressed are those of the speakers and not necessarily those of the European Central Bank.Published on 25 May 2020 and recorded on 15 May 2020.In this episode:(01:57) The role of financial markets in the economyHow they act as intermediaries between savers and borrowers, how they react in case of a shock and why their stability is key to ensuring a well-functioning economy.(05:14) The coronavirus and financial marketsHow financial markets have responded to the coronavirus shock and why this is different from the 2008 financial crisis.(10:26) The ECB’s measures to ease lendingHow our targeted lending measures aim to help people and businesses, the particular role of the Pandemic Emergency Purchase Programme and how the ECB works with other central banks to keep financial systems working smoothly.(17:03) International cooperation in times of crisis: swap linesHow swap lines between central banks work and how these agreements help keep financial systems around the world working smoothly.Further reading:The ECB’s response to the coronavirus pandemichttps://www.ecb.europa.eu/home/search/coronavirus/html/index.en.html https://www.bankingsupervision.europa.eu/home/search/coronavirus/html/index.en.htmlExplainer: Tell me more: What are currency swap lines?https://www.ecb.europa.eu/explainers/tell-me-more/html/currency_swap_lines.en.htmlEuropean Central Bank websitewww.ecb.europa.eu

What is the role of financial markets in the economy? How does the coronavirus pandemic affect markets? Is the current crisis also a financial crisis? Our host Michael Steen discusses these questions with ECB Executive Board member Isabel Schnabel. The views expressed are those of the speakers and not necessarily those of the European Central Bank. Published on 25 May 2020 and recorded on 15 May 2020. In this episode: (01:57) The role of financial markets in the economy How they act as intermediaries between savers and borrowers, how they react in case of a shock and why their stability is key to ensuring a well-functioning economy. (05:14) The coronavirus and financial markets How financial markets have responded to the coronavirus shock and why this is different from the 2008 financial crisis. (10:26) The ECB’s measures to ease lending How our targeted lending measures aim to help people and businesses, the particular role of the Pandemic Emergency Purchase Programme and how the ECB works with other central banks to keep financial systems working smoothly. (17:03) International cooperation in times of crisis: swap lines How swap lines between central banks work and how these agreements help keep financial systems around the world working smoothly. Further reading: The ECB’s response to the coronavirus pandemic <a href="https://www.ecb.europa.eu/home/search/coronavirus/html/index.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/home/search/coronavirus/html/index.en.html</a> <a href="https://www.bankingsupervision.europa.eu/home/search/coronavirus/html/index.en.html" rel="nofollow" target="_blank">https://www.bankingsupervision.europa.eu/home/search/coronavirus/html/index.en.html</a> Explainer: Tell me more: What are currency swap lines? <a href="https://www.ecb.europa.eu/explainers/tell-me-more/html/currency_swap_lines.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/explainers/tell-me-more/html/currency_swap_lines.en.html</a> European Central Bank website <a href="http://www.ecb.europa.eu" rel="nofollow" target="_blank">www.ecb.europa.eu</a>

Coronavirus: zooming in on financial markets

How is the coronavirus pandemic affecting the economy? Which sectors have been hit hardest? What is the ECB doing to limit the economic impact of the crisis? Our host Michael Steen discusses these questions with ECB Chief Economist Philip R. Lane.The views expressed are those of the speakers and not necessarily those of the European Central Bank.  Published on 18 May 2020; recorded on 11 May 2020.In this episode:(02:30) Coronavirus and the economyThe economic impact of the coronavirus pandemic, the characteristics of the shock on the supply and demand sides and which sectors have been hit the hardest by the crisis.(08:11) Coronavirus and the policy responseThe need to address the dramatic downturn in the economy that is threatening price stability, how we are supporting households and firms and why fiscal policy has to play a central role.(15:18) The risk of falling prices and targeted lendingHow the pandemic pushes prices down in the short and medium-term and how our targeted measures incentivise banks to continue lending to small and medium-sized businesses and households in these uncertain times.The ECB’s response to the coronavirus pandemichttps://www.ecb.europa.eu/home/search/coronavirus/html/index.en.html https://www.bankingsupervision.europa.eu/home/search/coronavirus/html/index.en.htmlPhilip R. Lane: Interview with the Telegraafhttps://www.ecb.europa.eu/press/inter/date/2020/html/ecb.in200512~13fcf73079.en.htmlPhilip R. Lane: The monetary policy response to the pandemic emergencyhttps://www.ecb.europa.eu/press/blog/date/2020/html/ecb.blog200501~a2d8f514a0.en.htmlECB announces new pandemic emergency longer-term refinancing operationshttps://www.ecb.europa.eu/press/pr/date/2020/html/ecb.pr200430_1~477f400e39.en.htmlECB recalibrates targeted lending operations to further support real economyhttps://www.ecb.europa.eu/press/pr/date/2020/html/ecb.pr200430~fa46f38486.en.htmlLuis de Guindos, Isabel Schnabel: Improving funding conditions for the real economy during the COVID-19 crisis: the ECB’s collateral easing measureshttps://www.ecb.europa.eu/press/blog/date/2020/html/ecb.blog200422~244d933f86.en.htmlFabio Panetta: Why we all need a joint European fiscal responsehttps://www.ecb.europa.eu/press/inter/date/2020/html/ecb.in200421~a7f2ec5159.en.htmlChristine Lagarde: How the ECB is helping firms and householdshttps://www.ecb.europa.eu/press/blog/date/2020/html/ecb.blog200409~3aa2815720.en.htmlLuis de Guindos, Isabel Schnabel: The ECB’s commercial paper purchases: A targeted response to the economic disturbances caused by COVID-19https://www.ecb.europa.eu/press/blog/date/2020/html/ecb.blog200403~54ecc5988b.en.htmlChristine Lagarde: Our response to the coronavirus emergencyhttps://www.ecb.europa.eu/press/blog/date/2020/html/ecb.blog200319~11f421e25e.en.htmlECB announces €750 billion Pandemic Emergency Purchase Programme (PEPP)https://www.ecb.europa.eu/press/pr/date/2020/html/ecb.pr200318_1~3949d6f266.en.htmlECB statementhttps://www.ecb.europa.eu/press/pr/date/2020/html/ecb.pr200318~152e1c740f.en.htmlPhilip R. Lane: The Monetary Policy Package: An Analytical Frameworkhttps://www.ecb.europa.eu/press/blog/date/2020/html/ecb.blog200313~9e783ea567.en.htmlECB announces easing of conditions for targeted longer-term refinancing operations (TLTRO III)https://www.ecb.europa.eu/press/pr/date/2020/html/ecb.pr200312_1~39db50b717.en.htmlECB announces measures to support bank liquidity conditions and money market activityhttps://www.ecb.europa.eu/press/pr/date/2020/html/ecb.pr200312_2~06c32dabd1.en.htmlEuropean Central Bank websitehttps://www.ecb.europa.eu/

How is the coronavirus pandemic affecting the economy? Which sectors have been hit hardest? What is the ECB doing to limit the economic impact of the crisis? Our host Michael Steen discusses these questions with ECB Chief Economist Philip R. Lane. The views expressed are those of the speakers and not necessarily those of the European Central Bank. Published on 18 May 2020; recorded on 11 May 2020. In this episode: (02:30) Coronavirus and the economy The economic impact of the coronavirus pandemic, the characteristics of the shock on the supply and demand sides and which sectors have been hit the hardest by the crisis. (08:11) Coronavirus and the policy response The need to address the dramatic downturn in the economy that is threatening price stability, how we are supporting households and firms and why fiscal policy has to play a central role. (15:18) The risk of falling prices and targeted lending How the pandemic pushes prices down in the short and medium-term and how our targeted measures incentivise banks to continue lending to small and medium-sized businesses and households in these uncertain times. The ECB’s response to the coronavirus pandemic <a href="https://www.ecb.europa.eu/home/search/coronavirus/html/index.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/home/search/coronavirus/html/index.en.html</a> <a href="https://www.bankingsupervision.europa.eu/home/search/coronavirus/html/index.en.html" rel="nofollow" target="_blank">https://www.bankingsupervision.europa.eu/home/search/coronavirus/html/index.en.html</a> Philip R. Lane: Interview with the Telegraaf <a href="https://www.ecb.europa.eu/press/inter/date/2020/html/ecb.in200512~13fcf73079.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/inter/date/2020/html/ecb.in200512~13fcf73079.en.html</a> Philip R. Lane: The monetary policy response to the pandemic emergency <a href="https://www.ecb.europa.eu/press/blog/date/2020/html/ecb.blog200501~a2d8f514a0.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/blog/date/2020/html/ecb.blog200501~a2d8f514a0.en.html</a> ECB announces new pandemic emergency longer-term refinancing operations <a href="https://www.ecb.europa.eu/press/pr/date/2020/html/ecb.pr200430_1~477f400e39.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/pr/date/2020/html/ecb.pr200430_1~477f400e39.en.html</a> ECB recalibrates targeted lending operations to further support real economy <a href="https://www.ecb.europa.eu/press/pr/date/2020/html/ecb.pr200430~fa46f38486.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/pr/date/2020/html/ecb.pr200430~fa46f38486.en.html</a> Luis de Guindos, Isabel Schnabel: Improving funding conditions for the real economy during the COVID-19 crisis: the ECB’s collateral easing measures <a href="https://www.ecb.europa.eu/press/blog/date/2020/html/ecb.blog200422~244d933f86.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/blog/date/2020/html/ecb.blog200422~244d933f86.en.html</a> Fabio Panetta: Why we all need a joint European fiscal response <a href="https://www.ecb.europa.eu/press/inter/date/2020/html/ecb.in200421~a7f2ec5159.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/inter/date/2020/html/ecb.in200421~a7f2ec5159.en.html</a> Christine Lagarde: How the ECB is helping firms and households <a href="https://www.ecb.europa.eu/press/blog/date/2020/html/ecb.blog200409~3aa2815720.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/blog/date/2020/html/ecb.blog200409~3aa2815720.en.html</a> Luis de Guindos, Isabel Schnabel: The ECB’s commercial paper purchases: A targeted response to the economic disturbances caused by COVID-19 <a href="https://www.ecb.europa.eu/press/blog/date/2020/html/ecb.blog200403~54ecc5988b.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/blog/date/2020/html/ecb.blog200403~54ecc5988b.en.html</a> Christine Lagarde: Our response to the coronavirus emergency <a href="https://www.ecb.europa.eu/press/blog/date/2020/html/ecb.blog200319~11f421e25e.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/blog/date/2020/html/ecb.blog200319~11f421e25e.en.html</a> ECB announces €750 billion Pandemic Emergency Purchase Programme (PEPP) <a href="https://www.ecb.europa.eu/press/pr/date/2020/html/ecb.pr200318_1~3949d6f266.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/pr/date/2020/html/ecb.pr200318_1~3949d6f266.en.html</a> ECB statement <a href="https://www.ecb.europa.eu/press/pr/date/2020/html/ecb.pr200318~152e1c740f.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/pr/date/2020/html/ecb.pr200318~152e1c740f.en.html</a> Philip R. Lane: The Monetary Policy Package: An Analytical Framework <a href="https://www.ecb.europa.eu/press/blog/date/2020/html/ecb.blog200313~9e783ea567.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/blog/date/2020/html/ecb.blog200313~9e783ea567.en.html</a> ECB announces easing of conditions for targeted longer-term refinancing operations (TLTRO III) <a href="https://www.ecb.europa.eu/press/pr/date/2020/html/ecb.pr200312_1~39db50b717.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/pr/date/2020/html/ecb.pr200312_1~39db50b717.en.html</a> ECB announces measures to support bank liquidity conditions and money market activity <a href="https://www.ecb.europa.eu/press/pr/date/2020/html/ecb.pr200312_2~06c32dabd1.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/pr/date/2020/html/ecb.pr200312_2~06c32dabd1.en.html</a> European Central Bank website <a href="https://www.ecb.europa.eu/" rel="nofollow" target="_blank">https://www.ecb.europa.eu/</a>

Coronavirus: from health crisis to economic crisis

How does climate change affect financial stability? Why isn’t the ECB buying more green bonds? How can banks better prepare for climate-related risks? Our host Michael Steen discusses these questions with expert guests Fatima Pires, Madelaine Roos and Patrick Amis. The views expressed are those of the speakers and not necessarily those of the European Central Bank.  Published on 3 March 2020; recorded on 5, 6 and 13 February 2020.In this episode:(02:08) Climate change and financial stabilityThe risks emerging from climate change (physical and transition risks), their effects on financial stability, how stress tests help spot these risks and why international cooperation is key. (13:22) Climate change and the green marketWhy we don’t just buy more green bonds, how a taxonomy can help identify green assets and what the ECB is doing to make its own funds more sustainable.(20:47) Climate change and banksThe role of banks in the shift to a more sustainable economy, how supervisors can help banks prepare for risks stemming from climate change and why transparency is important to better understand climate risks.Climate change and the ECBhttps://www.ecb.europa.eu/ecb/orga/climate/html/index.en.htmlSpeech (27 February 2020): C Lagarde, President of the ECB: Climate change and the financial sectorhttps://www.ecb.europa.eu/press/key/date/2020/html/ecb.sp200227_1~5eac0ce39a.en.htmlResearch Bulletin: Finance and decarbonisation: why equity markets do it betterhttps://www.ecb.europa.eu/pub/economic-research/resbull/2019/html/ecb.rb191127~79fa1d3b70.en.htmlWorking Paper: Finance and carbon emissions \https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2318~44719344e8.en.pdfFinancial Stability Review: Climate change and financial stability https://www.ecb.europa.eu/pub/financial-stability/fsr/special/html/ecb.fsrart201905_1~47cf778cc1.en.htmlWorking Paper: The Green Golden Rule: habit and anticipation of future consumption https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2247~72dc51ddd8.en.pdfEconomic Bulletin: Purchases of green bonds under the Eurosystem’s asset purchase programmehttps://www.ecb.europa.eu/pub/economic-bulletin/focus/2018/html/ecb.ebbox201807_01.en.htmlWorking Paper: The impact of disasters on inflationhttps://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1982.en.pdfSpeech (2018): B Cœuré, Member of the Executive Board of the ECB: Monetary policy and climate change https://www.ecb.europa.eu/press/key/date/2018/html/ecb.sp181108.en.htmlECB Press Conference Q&amp;A (23 January 2020)https://www.ecb.europa.eu/press/pressconf/2020/html/ecb.is200123~0bc778277b.en.htmlEuropean Central Bank websitehttps://www.ecb.europa.eu/home/html/index.en.html

How does climate change affect financial stability? Why isn’t the ECB buying more green bonds? How can banks better prepare for climate-related risks? Our host Michael Steen discusses these questions with expert guests Fatima Pires, Madelaine Roos and Patrick Amis. The views expressed are those of the speakers and not necessarily those of the European Central Bank. Published on 3 March 2020; recorded on 5, 6 and 13 February 2020. In this episode: (02:08) Climate change and financial stability The risks emerging from climate change (physical and transition risks), their effects on financial stability, how stress tests help spot these risks and why international cooperation is key. (13:22) Climate change and the green market Why we don’t just buy more green bonds, how a taxonomy can help identify green assets and what the ECB is doing to make its own funds more sustainable. (20:47) Climate change and banks The role of banks in the shift to a more sustainable economy, how supervisors can help banks prepare for risks stemming from climate change and why transparency is important to better understand climate risks. Climate change and the ECB <a href="https://www.ecb.europa.eu/ecb/orga/climate/html/index.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/ecb/orga/climate/html/index.en.html</a> Speech (27 February 2020): C Lagarde, President of the ECB: Climate change and the financial sector <a href="https://www.ecb.europa.eu/press/key/date/2020/html/ecb.sp200227_1~5eac0ce39a.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/key/date/2020/html/ecb.sp200227_1~5eac0ce39a.en.html</a> Research Bulletin: Finance and decarbonisation: why equity markets do it better <a href="https://www.ecb.europa.eu/pub/economic-research/resbull/2019/html/ecb.rb191127~79fa1d3b70.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/pub/economic-research/resbull/2019/html/ecb.rb191127~79fa1d3b70.en.html</a> Working Paper: Finance and carbon emissions \<a href="https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2318~44719344e8.en.pdf" rel="nofollow" target="_blank">https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2318~44719344e8.en.pdf</a> Financial Stability Review: Climate change and financial stability <a href="https://www.ecb.europa.eu/pub/financial-stability/fsr/special/html/ecb.fsrart201905_1~47cf778cc1.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/pub/financial-stability/fsr/special/html/ecb.fsrart201905_1~47cf778cc1.en.html</a> Working Paper: The Green Golden Rule: habit and anticipation of future consumption <a href="https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2247~72dc51ddd8.en.pdf" rel="nofollow" target="_blank">https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2247~72dc51ddd8.en.pdf</a> Economic Bulletin: Purchases of green bonds under the Eurosystem’s asset purchase programme <a href="https://www.ecb.europa.eu/pub/economic-bulletin/focus/2018/html/ecb.ebbox201807_01.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/pub/economic-bulletin/focus/2018/html/ecb.ebbox201807_01.en.html</a> Working Paper: The impact of disasters on inflation <a href="https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1982.en.pdf" rel="nofollow" target="_blank">https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1982.en.pdf</a> Speech (2018): B Cœuré, Member of the Executive Board of the ECB: Monetary policy and climate change <a href="https://www.ecb.europa.eu/press/key/date/2018/html/ecb.sp181108.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/key/date/2018/html/ecb.sp181108.en.html</a> ECB Press Conference Q&amp;A (23 January 2020) <a href="https://www.ecb.europa.eu/press/pressconf/2020/html/ecb.is200123~0bc778277b.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/pressconf/2020/html/ecb.is200123~0bc778277b.en.html</a> European Central Bank website <a href="https://www.ecb.europa.eu/home/html/index.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/home/html/index.en.html</a>

Climate change and the role of central banks

What was it like when the euro was launched in 1999? Where will the euro be in another 20 years? Is there a link between support for the euro and trust in the ECB? Our host Michael Steen discusses these questions with expert guests Erkki Liikanen, Martin Wolf and Siria Angino. The views expressed are those of the speakers and not necessarily those of the European Central Bank.  Published on 28 November 2019 and recorded on 5 September, 23 October and 25 October 2019.Further reading Webpage: The euro at 20https://www.ecb.europa.eu/euro/html/index.en.htmlQuiz: The euro at 20https://www.ecb.europa.eu/euro/html/quiz.en.htmlExplainer: How do you benefit from the eurohttps://www.ecb.europa.eu/explainers/tell-me/html/benefits-euro-euroat20.en.htmlExplainer: How does the euro help Europeans do business?https://www.youtube.com/watch?v=WsxPlyzmkqU&amp;feature=youtu.beExplainer: How have Europeans benefited from the euro?https://www.youtube.com/watch?v=HeXDwUsz57o&amp;feature=youtu.beSpeech: 20th anniversary of the eurohttps://www.ecb.europa.eu/press/key/date/2019/html/ecb.sp190115.en.htmlSpeech: Past and future of the ECB monetary policyhttps://www.ecb.europa.eu/press/key/date/2018/html/ecb.sp180504.en.htmlSpeech: The future of the euro area economyhttps://www.ecb.europa.eu/press/key/date/2019/html/ecb.sp191122~0c1f115db0.en.htmlDid you know?: More fact about the eurohttps://europa.eu/euroat20/the-euro-in-numbers/Webpage: the banking unionhttps://www.bankingsupervision.europa.eu/about/bankingunion/html/index.en.htmlFourth ECB Annual Research Conferencehttps://www.ecb.europa.eu/pub/conferences/html/20190905_4th_ecb_annual_research_conference.en.htmlSpeeches on the capital markets unionhttps://www.ecb.europa.eu/home/search/html/capital_markets_union.en.htmlEuropean Central Bank websitehttps://www.ecb.europa.eu/

What was it like when the euro was launched in 1999? Where will the euro be in another 20 years? Is there a link between support for the euro and trust in the ECB? Our host Michael Steen discusses these questions with expert guests Erkki Liikanen, Martin Wolf and Siria Angino. The views expressed are those of the speakers and not necessarily those of the European Central Bank. Published on 28 November 2019 and recorded on 5 September, 23 October and 25 October 2019. Further reading Webpage: The euro at 20 <a href="https://www.ecb.europa.eu/euro/html/index.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/euro/html/index.en.html</a> Quiz: The euro at 20 <a href="https://www.ecb.europa.eu/euro/html/quiz.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/euro/html/quiz.en.html</a> Explainer: How do you benefit from the euro <a href="https://www.ecb.europa.eu/explainers/tell-me/html/benefits-euro-euroat20.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/explainers/tell-me/html/benefits-euro-euroat20.en.html</a> Explainer: How does the euro help Europeans do business? <a href="https://www.youtube.com/watch?v=WsxPlyzmkqU&amp;feature=youtu.be" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=WsxPlyzmkqU&amp;feature=youtu.be</a> Explainer: How have Europeans benefited from the euro? <a href="https://www.youtube.com/watch?v=HeXDwUsz57o&amp;feature=youtu.be" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=HeXDwUsz57o&amp;feature=youtu.be</a> Speech: 20th anniversary of the euro <a href="https://www.ecb.europa.eu/press/key/date/2019/html/ecb.sp190115.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/key/date/2019/html/ecb.sp190115.en.html</a> Speech: Past and future of the ECB monetary policy <a href="https://www.ecb.europa.eu/press/key/date/2018/html/ecb.sp180504.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/key/date/2018/html/ecb.sp180504.en.html</a> Speech: The future of the euro area economy <a href="https://www.ecb.europa.eu/press/key/date/2019/html/ecb.sp191122~0c1f115db0.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/press/key/date/2019/html/ecb.sp191122~0c1f115db0.en.html</a> Did you know?: More fact about the euro <a href="https://europa.eu/euroat20/the-euro-in-numbers/" rel="nofollow" target="_blank">https://europa.eu/euroat20/the-euro-in-numbers/</a> Webpage: the banking union <a href="https://www.bankingsupervision.europa.eu/about/bankingunion/html/index.en.html" rel="nofollow" target="_blank">https://www.bankingsupervision.europa.eu/about/bankingunion/html/index.en.html</a> Fourth ECB Annual Research Conference <a href="https://www.ecb.europa.eu/pub/conferences/html/20190905_4th_ecb_annual_research_conference.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/pub/conferences/html/20190905_4th_ecb_annual_research_conference.en.html</a> Speeches on the capital markets union <a href="https://www.ecb.europa.eu/home/search/html/capital_markets_union.en.html" rel="nofollow" target="_blank">https://www.ecb.europa.eu/home/search/html/capital_markets_union.en.html</a> European Central Bank website <a href="https://www.ecb.europa.eu/" rel="nofollow" target="_blank">https://www.ecb.europa.eu/</a>

The euro: a tale of two decades

Why do we need banking supervision at the European level? Should a bank be allowed to fail? What does a normal day look like for a supervisor? What are the supervisory challenges posed by Brexit? Our host Michael Steen discusses these questions with expert guests Andrea Enria, Pien van Erp Taalman Kip and Linette Field. The views expressed are those of the speakers and not necessarily those of the European Central Bank.  Published on 21 January 2020 and recorded on 6 December 2019.In this episode:(01:03) A safe and sound banking sectorWhy do we need banking supervision at the European level, why should banks be allowed to fail and why is transparency towards private investors a priority in a bail-in world?(12:13) A day in the life of a supervisor What does a banking supervisor do, what are Joint Supervisory Teams and why can’t supervisors be of the same nationality as the bank they supervise?  (20:43) Challenges for banks: profitability, cybersecurity and BrexitWhy is it important that supervisors understand the risks banks face, why do they care about banks’ profits and what are the challenges posed by Brexit?Further reading:Explainer: SSM explained in 3 minuteshttps://www.youtube.com/watch?v=xC_2N0Y20qQWebpage: Relocating to the euro areahttps://www.bankingsupervision.europa.eu/banking/relocating/html/index.en.htmlSupervision Newsletter: Brexit: operational risk increases when banks delay actionhttps://www.bankingsupervision.europa.eu/press/publications/newsletter/2019/html/ssm.nl191113_2.en.htmlSupervision Newsletter: Brexit: stepping up preparationshttps://www.bankingsupervision.europa.eu/press/publications/newsletter/2019/html/ssm.nl190814.en.htmlSpeech: A Enria, Chair of the ECB’s Supervisory Board: Supervising banks – Principles and prioritieshttps://www.bankingsupervision.europa.eu/press/speeches/date/2019/html/ssm.sp190307~28d206eae5.en.htmlSpeech: A Enria, Chair of the ECB’s Supervisory Board: The banking union – a personal view on its past, present and futurehttps://www.bankingsupervision.europa.eu/press/speeches/date/2019/html/ssm.sp191030~a66780e0a5.en.htmlSpeech: A Enria, Chair of the ECB’s Supervisory Board: Is less more? Profitability and consolidation in the European banking sectorhttps://www.bankingsupervision.europa.eu/press/speeches/date/2019/html/ssm.sp190704~1f442782ac.en.pdf?2773aa57fc4093122a0effc8247b6a8bSpeech: A Enria, Chair of the ECB’s Supervisory Board: A binary future? How digitalisation might change bankinghttps://www.bankingsupervision.europa.eu/press/speeches/date/2019/html/ssm.sp190311~2af7fb032e.en.html https://www.ecb.europa.eu/

Why do we need banking supervision at the European level? Should a bank be allowed to fail? What does a normal day look like for a supervisor? What are the supervisory challenges posed by Brexit? Our host Michael Steen discusses these questions with expert guests Andrea Enria, Pien van Erp Taalman Kip and Linette Field. The views expressed are those of the speakers and not necessarily those of the European Central Bank. Published on 21 January 2020 and recorded on 6 December 2019. In this episode: (01:03) A safe and sound banking sector Why do we need banking supervision at the European level, why should banks be allowed to fail and why is transparency towards private investors a priority in a bail-in world? (12:13) A day in the life of a supervisor What does a banking supervisor do, what are Joint Supervisory Teams and why can’t supervisors be of the same nationality as the bank they supervise? (20:43) Challenges for banks: profitability, cybersecurity and Brexit Why is it important that supervisors understand the risks banks face, why do they care about banks’ profits and what are the challenges posed by Brexit? Further reading: Explainer: SSM explained in 3 minutes <a href="https://www.youtube.com/watch?v=xC_2N0Y20qQ" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=xC_2N0Y20qQ</a> Webpage: Relocating to the euro area <a href="https://www.bankingsupervision.europa.eu/banking/relocating/html/index.en.html" rel="nofollow" target="_blank">https://www.bankingsupervision.europa.eu/banking/relocating/html/index.en.html</a> Supervision Newsletter: Brexit: operational risk increases when banks delay action <a href="https://www.bankingsupervision.europa.eu/press/publications/newsletter/2019/html/ssm.nl191113_2.en.html" rel="nofollow" target="_blank">https://www.bankingsupervision.europa.eu/press/publications/newsletter/2019/html/ssm.nl191113_2.en.html</a> Supervision Newsletter: Brexit: stepping up preparations <a href="https://www.bankingsupervision.europa.eu/press/publications/newsletter/2019/html/ssm.nl190814.en.html" rel="nofollow" target="_blank">https://www.bankingsupervision.europa.eu/press/publications/newsletter/2019/html/ssm.nl190814.en.html</a> Speech: A Enria, Chair of the ECB’s Supervisory Board: Supervising banks – Principles and priorities <a href="https://www.bankingsupervision.europa.eu/press/speeches/date/2019/html/ssm.sp190307~28d206eae5.en.html" rel="nofollow" target="_blank">https://www.bankingsupervision.europa.eu/press/speeches/date/2019/html/ssm.sp190307~28d206eae5.en.html</a> Speech: A Enria, Chair of the ECB’s Supervisory Board: The banking union – a personal view on its past, present and future <a href="https://www.bankingsupervision.europa.eu/press/speeches/date/2019/html/ssm.sp191030~a66780e0a5.en.html" rel="nofollow" target="_blank">https://www.bankingsupervision.europa.eu/press/speeches/date/2019/html/ssm.sp191030~a66780e0a5.en.html</a> Speech: A Enria, Chair of the ECB’s Supervisory Board: Is less more? Profitability and consolidation in the European banking sector <a href="https://www.bankingsupervision.europa.eu/press/speeches/date/2019/html/ssm.sp190704~1f442782ac.en.pdf?2773aa57fc4093122a0effc8247b6a8b" rel="nofollow" target="_blank">https://www.bankingsupervision.europa.eu/press/speeches/date/2019/html/ssm.sp190704~1f442782ac.en.pdf?2773aa57fc4093122a0effc8247b6a8b</a> Speech: A Enria, Chair of the ECB’s Supervisory Board: A binary future? How digitalisation might change banking <a href="https://www.bankingsupervision.europa.eu/press/speeches/date/2019/html/ssm.sp190311~2af7fb032e.en.html" rel="nofollow" target="_blank">https://www.bankingsupervision.europa.eu/press/speeches/date/2019/html/ssm.sp190311~2af7fb032e.en.html</a> <a href="https://www.ecb.europa.eu/" rel="nofollow" target="_blank">https://www.ecb.europa.eu/</a>

Supervising banks: profits, transparency and Brexit

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Best Episodes on Practical Philosophy & How To Live

The best podcasts on investing. For anyone interested in the stories in the investing industry, whether it's an interview with Ray Dalio or Ed Thorp to the writer of The Big Short. This topic includes the most fascinating stories from all the best investors. Add episodes you're interested into your queue below!