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March 2014| No. 376DossierPayment systems: present and futureContent available in catalan spanish Print Download File Editorial Theory and practice Jordi Gual Key points of the month Recovery, albeit with some reservations Forecasts and indicators ForecastsKey indicators financial marketsKey indicators international economyKey indicators European UnionKey indicators Spanish economy Financial markets Economic outlook Doubtful tone after an upswing in risk aversion Focus The ECB's arsenal: slingshots and bazookas Focus Janet Yellen: expected continuity at the Fed? International economy Economic outlook Continuity in the advanced and ups and downs in the emerging Focus Capital flows towards emerging economies ride out the storm Focus Turkey: difficulties in the short term European economy Economic outlook A less equal recovery between countries Focus The path of Germany's domestic demand Focus Breaking down the fall in inflation in the euro area Spanish economy Economic outlook The economic recovery takes hold Focus The encouraging path of exports Focus The financial situation of households in Spain Focus A medium-term view of Spain's fiscal adjustment DossierPayment systems: present and future Focus Payment systems, a key infrastructure for economic development Àlex Ruiz Carlos Martínez Sarnago Focus The SEPA: a step towards integrating European payment systems Joan Daniel Pina Focus New payment systems: a giant on the horizon Gerard Arqué Focus Bitcoin: speculative bubble or currency of the future? Antonio Escoda
Focus Payment systems, a key infrastructure for economic development Àlex Ruiz Carlos Martínez Sarnago