Publications | European Stability Mechanism

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Asset purchase programmes and the exchange rate

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Financial market interdependence, contagion and jumpy risk exposure

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The innovation channel of fiscal space

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The macroeconomic effects of extreme weather events in Spain: a high-frequency, regional approach

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Spending composition and fiscal consolidation: Enhancing resilience in the face of economic shocks

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Regime-based portfolio optimisation: A Hidden Markov Model approach for fixed income portfolios

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The Unilateral Issuance Framework for the European Stability Mechanism and the European Commission

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Concessional credit lines for sovereigns in financial distress