Publications24 Annual reports Working papers Discussion Papers Conference proceedings Evaluations ESG Other publications ESM 6 Completing NPL reduction in Europe ESM 5 A case for a European Rainy Day Fund 3 Cross-border capital flows and capital markets union: Quo vadis Europe? ESM 4 IMF–RFA collaboration: motives, state of play, and way forward 2 Accessing sovereign markets - the recent experiences of Ireland, Portugal, Spain, and Cyprus 1 Tackling sovereign risk in European banks