ECB Monthly Bulletin | August 2008

Summary: 

The Monthly Bulletin was published from January 1999 to December 2014. The Monthly Bulletin was published one week after each monetary policy meeting of the ECB's Governing Council. It explained the monetary policy decision and provided a detailed analysis of the current economic situation and risks to price stability. 

Table of Contents: 

• Editorial
• Economic and Monetary Developments
  • The external environment of the euro area
  • Monetary and financial developments
  • Prices and costs
  • Output, demand and the labour market
  • Fiscal developments
  • Exchange rate and balance of payments developments
  • Boxes:
    • Linkages between developments in MFI net external assets and other counterparts of M3
    • The results of the July 2008 bank lending survey for the euro area
    • Recent developments in M&A activity by euro area non-financial corporations
    • Profit developments in the euro area
    • Results of the ECB Survey of Professional Forecasters for the third quarter of 2008
    • The introduction of the euro in Slovakia on 1 January 2009
    • The impact of the financial turmoil on euro area cross-border financial flows
  • Articles
    • The external dimension of monetary analysis
    • The role of banks in the monetary policy transmission mechanism
  • Euro Area Statistics
  • Annexes
    • Chronology of monetary policy measures of the Eurosystem
    • The TARGET (Trans-European Automated Real-time Gross settlement Express Transfer) system
    • Documents published by the European Central Bank since 2007
    • Glossary