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After joining the euro area on 1 January 2023, Croatia became the 20th Member of the ESM on 22 March 2023. On this date, the ESM Treaty entered into force for the new ESM Member.

The Republic of Croatia became the 20th Member of the European Stability Mechanism (ESM) today, with the entry into force of the ESM Treaty for that country. This follows Croatia’s adoption of the euro on 1 January 2023 and the ESM’s approval of Croatia’s application to become a member of the organisation.

Title: Global efforts to fight the consequences of climate change: the role of Regional Financing Arrangements 

On 15 March, ESM Chief Economist Rolf Strauch joined Karen Ward (Chief Market Strategist at JP Morgan Asset Management) in her Webcast “Market Watch” to discuss Europe’s recent and future economic outlook, how governments will be affected by higher interest rates, persistently high inflation and high energy prices, how the crisis management of the euro area has changed, and whether the euro area is now on a more resilient to face crises than in the past.

Title: Wholesale central bank digital currency – the safe way to debt capital market efficiency

Authors: Josselin Hebert (ESM), Edmund Moshammer (ESM), Herbert Barth.

Abstract:

Title: Wholesale central bank digital currency – the safe way to debt capital market efficiency

Authors: Josselin Hebert (ESM), Edmund Moshammer (ESM), Herbert Barth