Flow-of-funds analysis at the ECB: framework and applications
In: Occasional paper series 105
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In: Occasional paper series 105
In: Occasional paper series 96
In: ECB Occasional Paper No. 96
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For central banks, the monitoring of financing conditions plays a pivotal role in assessing the actual transmission of monetary policy impulses to borrowers. This paper presents in detail some of the indicators and data used by the ECB to assess financing conditions in the euro area. It also shows how these indicators have been used to provide a broad assessment of developments in financing conditions in the euro area in recent years. The ECB's analysis of financing conditions is dynamic and seeks to reflect underlying changes in the euro area's financial structure.
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