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Monthly Report

March 2015 | No. 388

Index
March 2015 | No. 388

Editorial
The euro area: in the hands of the ECB?
Jordi Gual

Key points of the month

  • Global economic expansion is taking hold

Financial markets

  • Favourable winds in the financial markets
  • The Greek banking system, between a rock and a hard place
  • Cash accumulation across US firms: a change at last?

International economy

  • Led by the United States
  • Turkey: a more manageable balance of risks in 2015
  • Saudi Arabia's big gamble

European economy

  • The figures are more encouraging but still immersed in uncertainty
  • Labour reform in Italy: a big step forward
  • Financing in Swiss francs in emerging Europe: a limited risk

Spanish economy

  • The pace of growth intensifies
  • Employment and innovation: a key combination for the labour market to recover
  • A tail wind will help reduce the public deficit
  • From the barrel to the pump: how are diesel prices determined?

Dossier

  • Banking in the face of QE: caught between wishes and reality
    Sandra Jódar RosellAriadna Vidal Martínez
  • QE comes to the euro area for a long visit
    Carlos Martínez Sarnago
  • The dilemma of Europe's central banks in the face of the ECB's policies
    Joan Daniel Pina
  • On the need and effectiveness of the ECB's QE
    Judit Montoriol Garriga

March 2015| No. 388

Dossier
The ECB QE: causes and effects
Content available in
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Editorial

The euro area: in the hands of the ECB?

Jordi Gual

Key points of the month

Global economic expansion is taking hold

Financial markets

Economic outlook

Favourable winds in the financial markets

Focus

The Greek banking system, between a rock and a hard place

Focus

Cash accumulation across US firms: a change at last?

International economy

Economic outlook

Led by the United States

Focus

Turkey: a more manageable balance of risks in 2015

Focus

Saudi Arabia's big gamble

European economy

Economic outlook

The figures are more encouraging but still immersed in uncertainty

Focus

Labour reform in Italy: a big step forward

Focus

Financing in Swiss francs in emerging Europe: a limited risk

Spanish economy

Economic outlook

The pace of growth intensifies

Focus

Employment and innovation: a key combination for the labour market to recover

Focus

A tail wind will help reduce the public deficit

Focus

From the barrel to the pump: how are diesel prices determined?

Dossier
The ECB QE: causes and effects
Focus

Banking in the face of QE: caught between wishes and reality

Sandra Jódar Rosell
Ariadna Vidal Martínez
Focus

On the need and effectiveness of the ECB's QE

Judit Montoriol Garriga
Focus

The dilemma of Europe's central banks in the face of the ECB's policies

Joan Daniel Pina
Focus

QE comes to the euro area for a long visit

Carlos Martínez Sarnago
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