ECB Monthly Bulletin | August 2007

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
  • Exchange rate and balance of payments developments
  • Boxes:
    • The results of the July 2007 bank lending survey for the euro area
    • Volatility of the overnight interest rate and its transmission along the money
      market yield curve
    • M&A activity and stock price developments in the euro area
    • Results of the ECB Survey of Professional Forecasters for the third quarter of 2007
    • Recent developments in consumer confidence
    • The introduction of the euro in Cyprus and Malta on 1 January 2008
• Articles
  • Adjustment of global imbalances in a financially integrating world
  • The financing of small and medium-sized enterprises in the euro area
  • Leveraged buyouts and financial stability
• Euro Area Statistics
• Annexes
  • Chronology of monetary policy measures of the Eurosystem
  • Documents published by the European Central Bank since 2006
  • Glossary