US trade policies and the activity of US multinational enterprises in the euro area, ECB Economic Bulletin Issue 4 / 2025, with Lorenz Emter, Michael Fidora, Fausto Pastoris and Tobias Schuler.
External statistics in a fragmented and uncertain world: Addressing novel analytical challenges (2025), Statistical Journal of the IAOS, Vol. 41, pp. 368-384, with J. Diz Dias, M. Covadonga Gómez Ramos, E. Martín de Andrés, F. Pastoris, O. Sirello and B. Tissot. BIS IFC version.
The Euro Area Balance of Payments and International Investment Position and their Role in ECB Policy Making (2025), in: Measuring International Economics: 100 Years Balance of Payments in Germany, with Jorge Diz Dias, Olga Monteiro and Caroline Willeke.
The impact of special-purpose entities on euro area cross-border financial linkages, ECB Economic Bulletin Issue 7 / 2024, with Lorenz Emter, Fausto Pastoris and Carmen Picón Aguilar.
The ECB’s enhanced effective exchange rates and harmonised competitiveness indicators (2024), ECB Statistics Paper No. 49, with Andreas Dietrich and Rémy Brisson.
Reassessing euro area financial integration: the role of euro area financial centres, Report on Financial Integration and Structure in the Euro Area 2024, with Roland Beck.
Intangible assets of multinational enterprises in Ireland and their impact on euro area activity (2024), ECB Occasional Paper No. 350, with the ECB expert group on MNEs.
The euro area current account after the pandemic and energy shock, ECB Economic Bulletin Issue 6 / 2023, with Lorenz Emter, Michael Fidora and Fausto Pastoris.
A primer on international financial statistics, Lectured delivered at Stanford Graduate School of Business, May 2023.
The great retrenchment in euro area external financial flows in 2022 – insights from more granular balance of payments statistics, ECB Economic Bulletin Issue 4 / 2023, with Lorenz Emter and Mariadolores Schiavone.
Determinants of currency choice in cross-border bank loans, The international role of the euro 2023, with Lorenz Emter, Peter McQuade and Swapan Kumar Pradhan.
Who stands behind European FDI investors? A novel characterisation of pass-through within the EU (2023), BIS IFC Bulletin No. 58, with Carles Gómez Llabrés and Fausto Pastoris.
Euro area linkages with Russia: latest insights from the balance of payments, ECB Economic Bulletin Issue 7 / 2022, with Lorenz Emter, Michael Fidora and Fausto Pastoris.
The implications of globalisation for the ECB monetary policy strategy (2021), ECB Occasional Paper No. 263, with the ECB Strategy Review workstream on globalisation.
An assessment of euro area households’ missing foreign assets (2021), BIS IFC Bulletin No. 55.
The more the merrier: enhancing traditional cross-border portfolio investment statistics using security-by-security information (2021), BIS IFC Bulletin No. 55, with Antonio Rodríguez Caloca and Thorsten Radke.
Developments in the euro area current account during the pandemic, ECB Economic Bulletin Issue 4 / 2021, with Michael Fidora and Fausto Pastoris.
The ECB’s enhanced effective exchange rate measures, ECB Economic Bulletin Issue 6 / 2020, with Michael Fidora.
Central banks and external statistics: Evolution or revolution? (2020), Journal of Economic and Social Measurement, Vol. 45, pp. 83-102, with P. Menezes, F. Pastoris, C. Picon-Aguilar, N. Silva and B. Tissot. BIS IFC version.
Multinational enterprises, financial centres and their implications for external imbalances: a euro area perspective , ECB Economic Bulletin Issue 2 / 2020, with Virginia Di Nino and Maurizio Habib.
The decrease in euro area net financial outflows in 2018: foreign direct investment retrenchment and portfolio investment slowdown, ECB Economic Bulletin Issue 4 / 2019, with Michael Fidora.
Euro-US dollar exposures in cross-border banking, The international role of the euro 2019, with Agustín Bénétrix.
The impact of global value chains on the euro area economy (2019), ECB Occasional Paper No. 221, with the ECB Working Group on Global Value Chains.
International financial flows and the Eurosystem's asset purchase programme: evidence from b.o.p and security by security data (2019), BIS IFC Bulletin No. 49, with Katharina Bergant.
The geography of the euro area current account balance, ECB Economic Bulletin Issue 7 / 2018, with Michael Fidora.
Factors driving the recent improvement in the euro area’s international investment position, ECB Economic Bulletin Issue 3 / 2018, with Michael Fidora.
Cross-border banking in the euro area after the crisis: what is driving the great retrenchment?, ECB Financial Stability Review (November 2017), with Marcel Tirpák.
The Eurosystem’s asset purchase programme and TARGET balances (2017), ECB Occasional Paper No. 196, with Jens Eisenschmidt, Danielle Kedan, Ramón Adalid and Patrick Papsdorf.
The impact of global value chains on the macroeconomic analysis of the euro area, ECB Economic Bulletin Issue 8 / 2017, with Vanessa Gunnella and Michael Fidora.
Revisiting the effective exchange rates of the euro (2013), Journal of Economic and Social Measurement, Vol. 38, pp. 127-158, with Maarten De Clercq, Michael Fidora, Bernadette Lauro and Cristina Pinheiro. ECB OP version.
Euro area exchange rate-based competitiveness indicators: a comparison of methodologies and empirical results (2013), BIS IFC Bulletin No. 36, with Bernadette Lauro.
Experimental effective exchange rates based on trade in services, presented at the CompNet workshop Paris 2012.