European Central Bank - eurosystem
European Central Bank - eurosystem
Search
Search Options
Home Media Explainers Research & Publications Statistics Monetary Policy The €uro Payments & Markets Careers
Suggestions
Sort by

Site directory

  1. Monetary policy & markets
    1. Introduction
      1. Benefits of price stability
      2. Scope of monetary policy
      3. Transmission mechanism
    2. Decisions, statements & accounts
    3. Monetary policy strategy
      1. Strategy review
      2. Medium-term orientation
      3. Two per cent inflation target
    4. Economic, monetary and financial analysis
      1. Economic analysis
      2. Monetary and financial analysis
    5. Instruments
      1. Open market operations
        1. TLTROs
      2. Asset purchase programmes
        1. Securities lending
      3. Pandemic emergency purchase programme
      4. Standing facilities
      5. Minimum reserves
        1. Two-tier system
    6. International market operations
      1. Euro central bank liquidity lines
    7. Emergency liquidity assistance (ELA)
    8. Liquidity analysis
    9. Collateral
      1. Eligibility criteria and assessment
        1. Marketable assets
        2. Non-marketable assets
      2. List of eligible marketable assets
        1. User guide
      3. Mobilising collateral
        1. CCBM
        2. Eligible SSSs
        3. Eligible links
        4. Eligible triparty agents
      4. Risk mitigation
        1. ECAF
        2. Risk control
        3. Haircut categories
        4. Valuation
      5. Loan-level requirements
        1. Data templates
        2. Eligibility requirements
        3. Frequently asked questions
      6. Contacts
    10. Structure of the euro area economy
      1. Economic policy
      2. Fiscal policies
      3. External trade
      4. Effective exchange rates
      5. Financial structure
      6. Financial markets
      7. Financial intermediaries
      8. Economic diversity
      9. Labour market
    11. Market contact groups
      1. Bond market (BMCG)
      2. Money market (MMCG)
      3. Debt Issuance Market Contact Group (DIMCG)
      4. ECB Operations managers group (ECB OMG)
      5. Foreign exchange (FXCG)
      6. Institutional Investor Dialogue (IID)
  2. Payments & financial stability
    1. TARGET Services
      1. Shared features
      2. T2
        1. Facts and figures
        2. Governance
      3. T2S
        1. Governance
        2. Facts and figures
        3. Pricing
      4. TIPS
        1. Cross-border payments
        2. Governance
        3. Facts and figures
        4. Onboarding
      5. ECMS
      6. TARGET professional use documents & links
        1. Shared features documents & links
        2. T2 documents & links
        3. T2S documents & links
        4. TIPS documents & links
        5. ECMS documents & links
    2. Integration and innovation
      1. Distributed ledger technologies
        1. Exploratory work
      2. Retail payments
        1. Retail payments strategy
        2. ECB as a catalyst
        3. SEPA
        4. Instant payments
      3. Collateral management harmonisation
        1. Implementation
        2. FAQ
    3. Cyber resilience
      1. Financial market infrastructures
      2. TIBER-EU
    4. Oversight
      1. Payment systems
      2. TARGET2-Securities
      3. Electronic payments
      4. Securities settlement systems and central counterparties
      5. Critical service providers
      6. Correspondent and custodian banks
      7. SecuRe Pay forum
    5. Reserve management services
      1. Key aspects
      2. Range of services
    6. Cash professionals
      1. Cash handling
        1. Authentication devices
        2. Recirculation of banknotes
      2. Common detector interface specifications
      3. Banknote manufacturer accreditation
    7. Payment contact groups
      1. Advisory groups on market infrastructures
      2. Euro Cyber Resilience Board
      3. Euro Retail Payments Board (ERPB)
      4. European Forum for Innovation in Payments (EFIP)
    8. Introduction to financial stability
    9. Macroprudential Measures
    10. Financial stability contact groups
  3. Statistics
    1. Euro exchange rates
    2. Key ECB interest rates
    3. Euro short-term rate (€STR)
      1. Interest rate benchmarks
        1. Working group on euro risk-free rates
    4. Inflation
    5. Euro area yield curves
    6. All key statistics
    7. All data services
    8. Data reporting & standards
      1. Governance and quality framework
      2. Co-operation and standards
      3. Banks’ data reporting
      4. AnaCredit
        1. AnaCredit Q&A
      5. Public consultations
      6. Banking industry dialogue on ESCB statistics and integrated reporting
      7. SDMX – statistical data exchange model
      8. INEXDA - granular data network
  4. The euro
    1. Digital euro
      1. What it is
        1. Digital euro and privacy
      2. How it works
      3. Why we need it
      4. Timeline and progress
      5. In-depth information
        1. Governance and stakeholder engagement
        2. Technical documents and research
        3. Scheme rulebook
      6. Frequently asked questions
    2. The Eurosystem cash strategy
      1. The role of cash
      2. Issuance and circulation
      3. Access to and acceptance of cash
      4. Frequently asked questions
    3. Banknotes
      1. Future banknotes
        1. Redesign process
      2. Current banknotes
        1. Denominations
        2. Design elements
        3. Security features
      3. Anti-counterfeiting
      4. Banknote production and stocks
      5. Damaged and inked-stained banknotes
      6. Environment, health and safety
        1. Product environmental footprint
      7. Research and development
      8. Images and reproduction rules
      9. Information and training materials
    4. Coins
      1. €2
      2. €1
      3. 50 cent
      4. 20 cent
      5. 10 cent
      6. 5 cent
      7. 2 cent
      8. 1 cent
      9. Common sides
      10. €2 commemorative coins
      11. Security features
      12. Collector coins
    5. Joining the euro area
      1. Croatia (2023)
      2. Lithuania (2015)
      3. Latvia (2014)
      4. Estonia (2011)
      5. Slovakia (2009)
      6. Cyprus (2008)
      7. Malta (2008)
      8. Slovenia (2007)
      9. Initial changeover (2002)
    6. Exchanging national cash
      1. Austria
      2. Belgium
      3. Croatia
      4. Cyprus
      5. Estonia
      6. Finland
      7. France
      8. Germany
      9. Greece
      10. Ireland
      11. Italy
      12. Latvia
      13. Lithuania
      14. Luxembourg
      15. Malta
      16. The Netherlands
      17. Portugal
      18. Slovakia
      19. Slovenia
      20. Spain
    7. Visually impaired people
  5. Research
    1. Economic research
      1. Research agenda
        1. Monetary policy, strategy and implementation
        2. Fiscal policy and governance within EMU
        3. International macro and finance
        4. Real sector and microeconomic analysis
        5. Forecasting and business cycle analysis
        6. Macro-finance, systemic risk and macroprudential policy
        7. Financial institutions, microprudential policy, financial markets and payments
      2. Opportunities for researchers
        1. Wim Duisenberg Fellowship
        2. Regular Research Visitors
        3. Lamfalussy Fellowship
        4. Summer Research Graduate Programme
        5. Student Research Traineeship Programme
    2. Legal Research
      1. Legal conferences and seminars
      2. Legal Research Programme
    3. Research papers
      1. Papers by authors
    4. ECB researchers
    5. Research networks
  6. News & publications
    1. Press releases
      1. By date
      2. By activities
        1. ECB
        2. Monetary policy
        3. Statistics
        4. Payments & markets
        5. Financial stability
        6. International and European co-operation
        7. Banknotes & coins
        8. Legal
        9. Banking supervision
        10. Others
    2. Statistical releases
      1. Monetary developments in the euro area
      2. Euro area balance of payments
      3. Euro area economic and financial developments by institutional sector
      4. Euro area bank interest rate statistics
      5. Payment instruments and systems
    3. Speeches
      1. By date
      2. By speaker
        1. President
        2. Vice-President
        3. Board Members
    4. Interviews
    5. The ECB Blog
    6. Podcasts & webcasts
      1. The ECB Podcast
      2. Webcasts: ECB monetary policy decisions
      3. Webcasts: hearings at European Parliament
      4. Footage for TV stations
      5. Downlink parameters for TV stations
    7. Payments news & events
      1. News
      2. Publications
      3. MIP Online
        1. 2022
        2. 2021
        3. 2020
        4. 2019
        5. 2018
        6. 2017
        7. 2016
      4. Events
      5. Public consultations
        1. Previous
    8. Media contacts
    9. Governing Council decisions
      1. Monetary policy decisions
      2. Other decisions
    10. Monetary policy accounts
    11. Economic Bulletin
      1. Articles
      2. Focus
      3. Monthly Bulletin
    12. Macroeconomic projections
    13. Annual reports & financial statements
      1. Annual Report
        1. Annual Accounts
        2. Eurosystem balance sheet
          1. Monetary policy operations
      2. Weekly financial statements
        1. Disaggregated data
    14. Financial stability publications
      1. Financial Stability Review
        1. Special features & boxes
      2. Macroprudential Bulletin
    15. Research publications
      1. Research Bulletin
      2. Working papers
      3. Discussion papers
      4. Occasional papers
      5. Legal working papers
      6. Statistics papers
    16. Other publications
      1. Letters to MEPs
      2. Convergence Report
      3. International Role of the Euro
    17. Monetary policy press conference
      1. Monetary policy statements
      2. Monetary policy statements at a glance
    18. Conferences & seminars
      1. Forum on Central Banking
        1. Young Economist Prize
        2. Past editions
      2. Civil society engagement
    19. Calendars
      1. Weekly schedule
      2. Meetings of the Governing Council and the General Council
      3. Statistical calendars
        1. Money, banking and financial markets
        2. Euro area economic and financial developments by institutional sector
        3. External transactions and positions
        4. Prices, output, demand and labour
        5. Government finance
        6. Supervisory and prudential statistics
      4. Eurosystem's tender operations
      5. Reserve maintenance period
  7. Banking Supervision
    1. About us
      1. All about us
      2. Our leadership
        1. Executive Board
        2. Governing Council
        3. General Council
        4. Supervisory Board
      3. Our organisation
        1. ECB, ESCB and the Eurosystem
          1. ECB mission
          2. Eurosystem mission
          3. Strategic intents
          4. Organisational principles
        2. Our tasks and responsibilities
          1. Monetary policy
          2. Statistics
          3. Financial stability and macroprudential policy
            1. Our tasks
            2. Strategy
            3. Institutional framework
          4. Banknotes
          5. Payments & securities
          6. European relations
            1. European cooperation
            2. EMU economic governance
          7. International affairs
            1. International relations and analysis
            2. International central bank cooperation
          8. Foreign reserves and own funds
          9. Foreign exchange operations
        3. Organisation chart of the ECB
        4. Capital subscription
        5. Corporate governance
      4. Our values
        1. Independence
        2. Transparency
        3. Accountability
        4. Ethics – working with integrity
          1. Ethics Network of Multilateral Organizations (ENMO)
      5. Our history, arts and culture
        1. Our history
          1. 25 years of the ECB
          2. Economic and Monetary Union
          3. EU enlargement
          4. European Union
        2. Archives
          1. Committee of Governors
          2. European Monetary Cooperation Fund
          3. Delors Committee
          4. European Monetary Institute
          5. European Central Bank
        3. Arts and culture
      6. Our legal framework
        1. EUR-Lex - Frequently asked questions
        2. Institutional framework
      7. Climate change and the ECB
        1. Our climate and nature plan
        2. Climate-related financial disclosures
        3. Managing climate-related risks
        4. Supporting the green transition
        5. Fostering wider action
        6. Our approach
        7. Environmental protection
        8. Climate Insurance Protection Gap
      8. Sanctions imposed by the ECB
      9. Procurement
        1. Tenders
        2. Archive
        3. Electronic tendering system
      10. Access to documents
        1. Public Register of Documents
      11. Contacts
        1. Address
        2. ECB public holidays
    2. ECB & You
      1. All about ECB & You
      2. Explainers
      3. Test your knowledge
      4. Youth initiatives
        1. Girls' IT Bootcamp
      5. Financial literacy in Europe
      6. Everyone needs stability
      7. ECB & You broadcasts
      8. Ask us
      9. Visit us
        1. Main building
    3. Careers
      1. All about careers
      2. Vacancies
      3. Who we are
        1. About the ECB
        2. Meet our people
        3. Life in Frankfurt
      4. Why we value diversity
        1. Women@ECB
        2. Diversity networks
      5. What we offer
        1. Benefits & rewards
        2. Contract types
          1. Fixed-term
          2. Short-term
          3. ESCB/IO
          4. Other
        3. Traineeship
        4. Graduate programme
        5. ECB Scholarship for Women
        6. ECB Scholarship for Ukrainian graduates
      6. How you can join us
        1. How to apply
        2. How we hire
        3. You have been selected, what next?
          1. Fixed-term employee
          2. Short-term employee
          3. Trainee
          4. Cost-free secondee
      7. FAQs

    All pages in this section

    Our website uses cookies

    We use functional cookies to store user preferences; analytics cookies to improve website performance; third-party cookies set by third-party services integrated into the website. You have the choice to accept or reject them. For more information or to review your preference on the cookies and server logs we use, we invite you to:

    Read our privacy statement Learn more about how we use cookies