Search
(Luxembourg) - The European Stability Mechanism (ESM) has appointed Pilar Castrillo to the position of Head of the Economic and Market Analysis division, part of the Chief Economist department.
Ms Castrillo had been serving as Deputy Head of the division since September 2019 and Acting Head since May 2023. Her division monitors and assess risks in the euro area economy and financial markets, and coordinates related economic and policy research. During this period, she has been instrumental in substantively developing the division's capacity.
(Luxembourg) - The European Stability Mechanism announces the launch of its Euro Commercial Paper (ECP) programme (the “ESM Commercial Paper Programme”). Today, ESM Managing Director Pierre Gramegna signed the programme documents.
We are excited to announce the launch of the ESM Euro-Commercial Paper programme, a significant addition to our funding toolkit. This new programme is designed to complement our existing euro bill programme, offering an alternative approach to manage short-term liquidity needs.
“Why CFOs must embrace a new world of work”
Op-ed published by the World Economic Forum, 8 February 2024
(Luxembourg) - The European Financial Stability Facility (EFSF) raised €4 billion on Monday with a new 10-year transaction – completing 55% of its €20 billion long-term funding programme for 2024.
The European Financial Stability Facility (EFSF) raised €4 billion on Monday with a new 10-year transaction – completing 55% of its €20 billion long-term funding programme for 2024.
Title: The housing supply channel of monetary policy
Download PDF: Working Paper 59This paper studies the role of housing supply constraints in explaining regional differences in the transmission of monetary policy to housing markets, economic activity, and the financial sector.
The European Stability Mechanism (ESM) will launch 3-months Bills of the European Stability Mechanism (ESM) by auction. An issue volume up to EUR 1.1 billion is envisaged.
Time schedule of the auction procedure:
Date of invitation to bid: Monday, 5 February 2024
Bidding period: Tuesday, 6 February 2024, from 8:00 a.m. until 12:30 p.m. CET
Value date: Thursday, 8 February 2024