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href="/mopo/coll/assets/guide/html/index.da.html">Brugervejledning</a></li></ul></li><li class="has-subpages"><a href="/mopo/coll/coll/html/index.da.html">Mobilisering af sikkerhedsstillelse</a><a href="#" class="subpages" title="toggle subpages for Mobilisering af sikkerhedsstillelse"></a><ul><li class="clearfix"><a href="/mopo/coll/coll/ccbm/html/index.da.html">CCBM</a></li><li class="clearfix"><a href="/mopo/coll/coll/eligiblesss/html/index.da.html">Godkendte værdipapirafviklingssystemer</a></li><li class="clearfix"><a href="/mopo/coll/coll/ssslinks/html/index.da.html">Godkendte link</a></li><li class="clearfix"><a href="/mopo/coll/coll/triparty/html/index.da.html">Godkendte trepartsagenter</a></li></ul></li><li class="has-subpages"><a href="/mopo/coll/risk/html/index.da.html">Risikoreduktion</a><a href="#" class="subpages" title="toggle subpages for Risikoreduktion"></a><ul><li class="clearfix"><a href="/mopo/coll/risk/ecaf/html/index.da.html">Eksterne kreditvurderingsbureauer</a></li><li class="clearfix"><a href="/mopo/coll/risk/riskcontrol/html/index.da.html">Risikokontrol</a></li><li class="clearfix"><a href="/mopo/coll/risk/liquidity/html/index.da.html">Haircutkategorier</a></li><li class="clearfix"><a href="/mopo/coll/risk/valuation/html/index.da.html">Værdiansættelse</a></li></ul></li><li class="has-subpages"><a href="/mopo/coll/loanlevel/html/index.da.html">Initivativet på enkeltlånsniveau</a><a href="#" class="subpages" title="toggle subpages for Initivativet på enkeltlånsniveau"></a><ul><li class="clearfix"><a href="/mopo/coll/loanlevel/transmission/html/index.da.html">Dataskabeloner</a></li><li class="clearfix"><a href="/mopo/coll/loanlevel/implementation/html/index.da.html">Godkendelseskrav</a></li><li class="clearfix"><a href="/mopo/coll/loanlevel/faq/html/index.da.html">Ofte stillede spørgsmål</a></li></ul></li><li class="clearfix"><a href="/mopo/coll/contacts/html/index.da.html">Kontaktpersoner</a></li></ul></li><li class="has-subpages"><a href="/mopo/eaec/html/index.da.html">Nuværende økonomiske forhold</a><a href="#" class="subpages" title="toggle subpages for Nuværende økonomiske forhold"></a><ul><li class="clearfix"><a href="/mopo/eaec/ecopolicy/html/index.da.html">Økonomisk politik</a></li><li class="clearfix"><a href="/mopo/eaec/fiscal/html/index.da.html">Finanspolitik</a></li><li class="clearfix"><a href="/mopo/eaec/trade/html/index.da.html">Udenrigshandel</a></li><li class="clearfix"><a href="/mopo/eaec/eer/html/index.da.html">Effektive valutakurser</a></li><li class="clearfix"><a href="/mopo/eaec/structure/html/index.da.html">Finansiel struktur</a></li><li class="clearfix"><a href="/mopo/eaec/markets/html/index.da.html">Finansielle markeder</a></li><li class="clearfix"><a href="/mopo/eaec/intermediaries/html/index.da.html">Finansielle formidlere</a></li><li class="clearfix"><a href="/mopo/eaec/diversity/html/index.da.html">Økonomisk diversitet</a></li><li class="clearfix"><a href="/mopo/eaec/labour/html/index.da.html">Arbejdsmarkedet</a></li></ul></li><li class="has-subpages"><a href="/mopo/market-contact-groups/html/index.da.html">Markedskontaktgrupper</a><a href="#" class="subpages" title="toggle subpages for Markedskontaktgrupper"></a><ul><li class="clearfix"><a href="/mopo/market-contact-groups/bmcg/html/index.da.html">Bond Market (BMCG)</a></li><li class="clearfix"><a href="/mopo/market-contact-groups/mmcg/html/index.da.html">Money Market (MMCG)</a></li><li class="clearfix"><a href="/mopo/market-contact-groups/dimcg/html/index.da.html">Debt Issuance Market Contact Group (DIMCG)</a></li><li class="clearfix"><a href="/mopo/market-contact-groups/omg/html/index.da.html">ECB Operations Managers Group (ECB OMG)</a></li><li class="clearfix"><a href="/mopo/market-contact-groups/fxcg/html/index.da.html">Foreign Exchange (FXCG)</a></li><li class="clearfix"><a href="/mopo/market-contact-groups/iid/html/index.da.html">Institutional Investor Dialogue (IID)</a></li></ul></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="/paym/html/index.da.html">Betalinger & finansiel stabilitet</a><a href="#" class="subpages" title="toggle subpages for Betalinger & finansiel stabilitet"></a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"><div class="item"> <div class="title">Betalinger og finansiel stabilitet</div> <p>Nærmere om, hvordan vi arbejder med finansiel stabilitet og betalinger og markedsinfrastrukturer</p><a href="/paym/html/index.en.html">Overblik over betalinger og finansiel stabilitet</a><hr> <div class="nav-title">Kviklink</div> <ul> <li><a href="/euro/digital_euro/html/index.en.html">En digital euro</a></li> <li><a href="/press/intro/html/index.en.html">Betalinger, nyheder & arrangementer</a></li> <li><a href="/paym/target/target-professional-use-documents-links/html/index.en.html">Target – dokumenter og link for fagfolk</a></li> </ul> </div><a href="/pub/financial-stability/fsr/html/index.en.html" class="item image"> <img src="/paym/financial-stability/html/index/fsr_1000x750.jpg" width="357" height="179" loading="lazy" style="object-fit:cover"><div class="image-caption">Seneste "Financial Stability Review"</div> <div class="image-date">16. maj 2024</div></a></div></div><ul><li class="clearfix"><span>Betalinger</span></li><li class="has-subpages"><a href="/paym/target/html/index.da.html">Target Services</a><a href="#" class="subpages" title="toggle subpages for Target Services"></a><ul><li class="clearfix"><a href="/paym/target/coco/html/index.da.html">Fælles funktioner</a></li><li class="has-subpages"><a href="/paym/target/t2/html/index.da.html">T2</a><a href="#" class="subpages" title="toggle subpages for T2"></a><ul><li class="clearfix"><a href="/paym/target/t2/facts/html/index.da.html">Facts and figures</a></li><li class="clearfix"><a href="/paym/target/t2/governance/html/index.da.html">Governance</a></li></ul></li><li class="has-subpages"><a href="/paym/target/t2s/html/index.da.html">T2S</a><a href="#" class="subpages" title="toggle subpages for T2S"></a><ul><li class="clearfix"><a href="/paym/target/t2s/governance/html/index.da.html">Governance</a></li><li class="clearfix"><a href="/paym/target/t2s/facts/html/index.da.html">Fakta og tal</a></li><li class="clearfix"><a href="/paym/target/t2s/pricing/html/index.da.html">Prisfastsættelse</a></li></ul></li><li class="has-subpages"><a href="/paym/target/tips/html/index.da.html">TIPS</a><a href="#" class="subpages" title="toggle subpages for TIPS"></a><ul><li class="clearfix"><a href="/paym/target/tips/crossborder/html/index.da.html">Cross-border payments</a></li><li class="clearfix"><a href="/paym/target/tips/governance/html/index.da.html">Governance</a></li><li class="clearfix"><a href="/paym/target/tips/facts/html/index.da.html">Fakta og tal</a></li><li class="clearfix"><a href="/paym/target/tips/onboarding/html/index.da.html">Tilslutning</a></li></ul></li><li class="clearfix"><a href="/paym/target/ecms/html/index.da.html">ECMS</a></li><li class="has-subpages"><a href="/paym/target/target-professional-use-documents-links/html/index.da.html">Target-dokumenter & -link til fagfolk</a><a href="#" class="subpages" title="toggle subpages for Target-dokumenter & -link til fagfolk"></a><ul><li class="clearfix"><a href="/paym/target/target-professional-use-documents-links/coco/html/index.da.html">Til professionel brug</a></li><li class="clearfix"><a href="/paym/target/target-professional-use-documents-links/t2/html/index.da.html">T2-dokumenter & -link</a></li><li class="clearfix"><a href="/paym/target/target-professional-use-documents-links/t2s/html/index.da.html">Beregnet for fagfolk</a></li><li class="clearfix"><a href="/paym/target/target-professional-use-documents-links/tips/html/index.da.html">Beregnet for fagfolk</a></li><li class="clearfix"><a href="/paym/target/target-professional-use-documents-links/ecms/html/index.da.html">Beregnet for fagfolk</a></li></ul></li></ul></li><li class="has-subpages"><a href="/paym/integration/html/index.da.html">Integration og innovation</a><a href="#" class="subpages" title="toggle subpages for Integration og innovation"></a><ul><li class="has-subpages"><a href="/paym/integration/distributed/html/index.da.html">Distributed ledger-teknologier</a><a href="#" class="subpages" title="toggle subpages for Distributed ledger-teknologier"></a><ul><li class="clearfix"><a href="/paym/integration/distributed/exploratory/html/index.da.html">Forskningsarbejde</a></li></ul></li><li class="has-subpages"><a href="/paym/integration/retail/html/index.da.html">Detailbetalinger</a><a href="#" class="subpages" title="toggle subpages for Detailbetalinger"></a><ul><li class="clearfix"><a href="/paym/integration/retail/retail_payments_strategy/html/index.da.html">Strategi for detailbetalinger</a></li><li class="clearfix"><a href="/paym/integration/retail/ecb/html/index.da.html">ECB som katalysator</a></li><li class="clearfix"><a href="/paym/integration/retail/sepa/html/index.da.html">SEPA</a></li><li class="clearfix"><a href="/paym/integration/retail/instant_payments/html/index.da.html">Straksbetalinger</a></li></ul></li><li class="has-subpages"><a href="/paym/integration/collateral/html/index.da.html">Harmonisering af forvaltningen af sikkerhed</a><a href="#" class="subpages" title="toggle subpages for Harmonisering af forvaltningen af sikkerhed"></a><ul><li class="clearfix"><a href="/paym/integration/collateral/implementation/html/index.da.html">Gennemførelse</a></li><li class="clearfix"><a href="/paym/integration/collateral/faq/html/index.da.html">Ofte stillede spørgsmål</a></li></ul></li></ul></li><li class="has-subpages"><a href="/paym/cyber-resilience/html/index.da.html">Cyberrobusthed</a><a href="#" class="subpages" title="toggle subpages for Cyberrobusthed"></a><ul><li class="clearfix"><a href="/paym/cyber-resilience/fmi/html/index.da.html">Finansielle markedsinfrastrukturer</a></li><li class="clearfix"><a href="/paym/cyber-resilience/tiber-eu/html/index.da.html">TIBER-EU</a></li></ul></li><li class="has-subpages"><a href="/paym/pol/html/index.da.html">Overvågning</a><a href="#" class="subpages" title="toggle subpages for Overvågning"></a><ul><li class="clearfix"><a href="/paym/pol/systems/html/index.da.html">Betalingssystemer</a></li><li class="clearfix"><a href="/paym/pol/target2-securities/html/index.da.html">Target2-Securities</a></li><li class="clearfix"><a href="/paym/pol/instr/html/index.da.html">Elektroniske betalinger</a></li><li class="clearfix"><a href="/paym/pol/clearing/html/index.da.html">Værdipapirafviklingssystemer og centrale modparter</a></li><li class="clearfix"><a href="/paym/pol/critical/html/index.da.html">Kritiske serviceleverandører</a></li><li class="clearfix"><a href="/paym/pol/correspondent-and-custodian-banks/html/index.da.html">Korrespondentbanker og depotbanker</a></li><li class="clearfix"><a href="/paym/pol/forum/html/index.da.html">Forummet SecuRe Pay</a></li></ul></li><li class="has-subpages"><a href="/paym/erms/html/index.da.html">Tjenesteydelser vedrørende forvaltning af valutareserver</a><a href="#" class="subpages" title="toggle subpages for Tjenesteydelser vedrørende forvaltning af valutareserver"></a><ul><li class="clearfix"><a href="/paym/erms/aspects/html/index.da.html">Vigtige aspekter</a></li><li class="clearfix"><a href="/paym/erms/service/html/index.da.html">Udbud af tjenester</a></li></ul></li><li class="has-subpages"><a href="/paym/cashprof/html/index.da.html">Kontanthåndterere</a><a href="#" class="subpages" title="toggle subpages for Kontanthåndterere"></a><ul><li class="has-subpages"><a href="/paym/cashprof/cashhand/html/index.da.html">Kontanthåndtering</a><a href="#" class="subpages" title="toggle subpages for Kontanthåndtering"></a><ul><li class="clearfix"><a href="/paym/cashprof/cashhand/devices/html/index.da.html">Udstyr til ægthedskontrol af pengesedler</a></li><li class="clearfix"><a href="/paym/cashprof/cashhand/recycling/html/index.da.html">Recirkulering af pengesedler</a></li></ul></li><li class="clearfix"><a href="/paym/cashprof/cdispec/html/index.da.html">CDI-specifikationer</a></li><li class="clearfix"><a href="/paym/cashprof/accreditation/html/index.da.html">Godkendelse af seddelproducenter</a></li></ul></li><li class="has-subpages"><a href="/paym/groups/html/index.da.html">Markedskontaktgrupper</a><a href="#" class="subpages" title="toggle subpages for Markedskontaktgrupper"></a><ul><li class="clearfix"><a href="/paym/groups/ami/html/index.da.html">Rådgivende grupper om markedsinfrastrukturer</a></li><li class="clearfix"><a href="/paym/groups/euro-cyber-board/html/index.da.html">Euro Cyber Resilience Board</a></li><li class="clearfix"><a href="/paym/groups/erpb/html/index.da.html">Euro Retail Payments Board (ERPB)</a></li><li class="clearfix"><a href="/paym/groups/efip/html/index.da.html">European Forum for Innovation in Payments (EFIP)</a></li></ul></li><li class="clearfix"><span>Finansiel stabilitet</span></li><li class="clearfix"><a href="/paym/financial-stability/html/index.da.html">Finansiel stabilitet</a></li><li class="clearfix"><a href="/paym/macroprudential-measures/html/index.da.html">Makroprudentielle tiltag</a></li><li class="clearfix"><a href="/paym/financial_stability_contact_groups/html/index.da.html">Kontaktgrupper vedrørende finansiel stabilitet</a></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="/stats/html/index.da.html">Statistik</a><a href="#" class="subpages" title="toggle subpages for Statistik"></a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"><div class="item"> <div class="title">Statistik</div> <p>Adgang til al ECB-statistik og baggrundsoplysninger</p><a href="/stats/html/index.en.html">Overblik over ECB's statistik</a><hr> <div class="nav-title">Kviklink</div> <ul> <li><a href="https://data.ecb.europa.eu/main-figures">Hovedtal</a></li> <li><a href="https://data.ecb.europa.eu/">ECB Data Portal</a></li> <li><a href="/stats/ecb_statistics/accessing-our-data/html/index.en.html">Alle datatjenester</a></li> </ul> </div><a href="/press/blog/date/2024/html/ecb.blog20240418~2240ea1850.en.html" class="item image"> <img src="/press/blog/date/2024/html//ecb.blog20240418~2240ea1850/ecb.blog20240418~2240ea1850.jpg" width="357" height="179" loading="lazy" style="object-fit:cover"><div class="image-caption">ECB'S BLOG - Forbedrede data: klimaændringernes effekt på bankerne</div> <div class="image-date">18. april 2024</div></a></div></div><ul><li class="clearfix"><span>Hyppigt besøgt</span></li><li class="clearfix"><a href="/stats/euro-exchange-rates/html/index.da.html">Euro valutakurser</a></li><li class="clearfix"><a href="/stats/key-ecb-interest-rates/html/index.da.html">ECB's officielle renter</a></li><li class="has-subpages"><a href="/stats/euro-short-term-rates/html/index.da.html">Den korte eurorente (€STR)</a><a href="#" class="subpages" title="toggle subpages for Den korte eurorente (€STR)"></a><ul><li class="has-subpages"><a href="/stats/euro-short-term-rates/interest_rate_benchmarks/html/index.da.html">Rentebenchmark</a><a href="#" class="subpages" title="toggle subpages for Rentebenchmark"></a><ul><li class="clearfix"><a href="/stats/euro-short-term-rates/interest_rate_benchmarks/WG_euro_risk-free_rates/html/index.da.html">Arbejdsgruppen om risikofrie eurorenter</a></li></ul></li></ul></li><li class="clearfix"><a href="/stats/inflation/html/index.da.html">Inflation</a></li><li class="clearfix"><a href="/stats/euro-area-yield-curves/html/index.da.html">Euroområdets rentekurver</a></li><li class="clearfix"><span>Al statistik og baggrund</span></li><li class="clearfix"><a href="/stats/all-key-statistics/html/index.da.html">Al den vigtigste statistik</a></li><li class="clearfix"><a href="/stats/accessing-our-data/html/index.da.html">Få adgang til vores data</a></li><li class="has-subpages"><a href="/stats/ecb_statistics/html/index.da.html">Hovedtræk</a><a href="#" class="subpages" title="toggle subpages for Hovedtræk"></a><ul><li class="clearfix"><a href="/stats/ecb_statistics/governance_and_quality_framework/html/index.da.html">Governance og kvalitetsrammer</a></li><li class="clearfix"><a href="/stats/ecb_statistics/co-operation_and_standards/html/index.da.html">Samarbejde og standarder</a></li><li class="clearfix"><a href="/stats/ecb_statistics/reporting/html/index.da.html">Bankernes datarapportering</a></li><li class="has-subpages"><a href="/stats/ecb_statistics/anacredit/html/index.da.html">AnaCredit</a><a href="#" class="subpages" title="toggle subpages for AnaCredit"></a><ul><li class="clearfix"><a href="/stats/ecb_statistics/anacredit/questions/html/index.da.html">AnaCredit Q&A</a></li></ul></li><li class="clearfix"><a href="/stats/ecb_statistics/consultations/html/index.da.html">Offentlige høringer</a></li><li class="clearfix"><a href="/stats/ecb_statistics/dialogue/html/index.da.html">Banking Industry Dialogue om ESCB-statistik og integreret rapportering</a></li><li class="clearfix"><a href="/stats/ecb_statistics/sdmx/html/index.da.html">SDMX - model til udveksling af statistiske data</a></li><li class="clearfix"><a href="/stats/ecb_statistics/inexda/html/index.da.html">INEXDA - granulært datanetværk</a></li></ul></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="/euro/html/index.da.html">Euroen</a><a href="#" class="subpages" title="toggle subpages for Euroen"></a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"><div class="item"> <div class="title">Euroen</div> <p>Alt, hvad du har brug for at vide om den fælles valuta</p><a href="/euro/html/index.en.html">Overblik over euroen</a><hr> <div class="nav-title">Kviklink</div> <ul> <li><a href="/paym/cashprof/html/index.en.html">Folk, der håndterer kontanter</a></li> <li><a href="/stats/policy_and_exchange_rates/banknotes+coins/html/index.en.html">Statistik over sedler og mønter</a></li> <li><a href="/stats/policy_and_exchange_rates/euro_reference_exchange_rates/html/index.en.html">Eurokurser</a></li> </ul> </div><a href="/stats/ecb_surveys/space/html/ecb.space2024~19d46f0f17.en.html" class="item image"> <img src="/euro/shared/img/cover.png" width="357" height="179" loading="lazy" style="object-fit:cover"><div class="image-caption">Undersøgelse af betalingsadfærden hos forbrugerne i euroområdet (SPACE) – 2024</div> <div class="image-date">19. december 2024</div></a></div></div><ul><li class="has-subpages"><a href="/euro/digital_euro/html/index.da.html">Digital euro</a><a href="#" class="subpages" title="toggle subpages for Digital euro"></a><ul><li class="has-subpages"><a href="/euro/digital_euro/features/html/index.da.html">Hvad er det?</a><a href="#" class="subpages" title="toggle subpages for Hvad er det?"></a><ul><li class="clearfix"><a href="/euro/digital_euro/features/privacy/html/index.da.html">Den digitale euro og privatliv</a></li></ul></li><li class="clearfix"><a href="/euro/digital_euro/how-it-works/html/index.da.html">Sådan virker den</a></li><li class="clearfix"><a href="/euro/digital_euro/why-we-need-it/html/index.da.html">Derfor har vi brug for den</a></li><li class="clearfix"><a href="/euro/digital_euro/progress/html/index.da.html">Tidslinje og status</a></li><li class="has-subpages"><a href="/euro/digital_euro/timeline/html/index.da.html">Detaljerede oplysninger</a><a href="#" class="subpages" title="toggle subpages for Detaljerede oplysninger"></a><ul><li class="clearfix"><a href="/euro/digital_euro/timeline/stakeholder/html/index.da.html">Ledelse og interessenter</a></li><li class="clearfix"><a href="/euro/digital_euro/timeline/profuse/html/index.da.html">Tekniske dokumenter og forskning</a></li><li class="clearfix"><a href="/euro/digital_euro/timeline/rulebook/html/index.da.html">Regelsæt for projektet</a></li></ul></li><li class="clearfix"><a href="/euro/digital_euro/faqs/html/index.da.html">Ofte stillede spørgsmål</a></li></ul></li><li class="clearfix"><span>Kontanter</span></li><li class="has-subpages"><a href="/euro/cash_strategy/html/index.da.html">Eurosystemets kontantstrategi</a><a href="#" class="subpages" title="toggle subpages for Eurosystemets kontantstrategi"></a><ul><li class="clearfix"><a href="/euro/cash_strategy/cash_role/html/index.da.html">Kontanters rolle</a></li><li class="clearfix"><a href="/euro/cash_strategy/issuance/html/index.da.html">Udstedelse og cirkulation</a></li><li class="clearfix"><a href="/euro/cash_strategy/acceptance-cash/html/index.da.html">Adgang til at hæve og betale med kontanter</a></li><li class="clearfix"><a href="/euro/cash_strategy/faqs/html/index.da.html">Ofte stillede spørgsmål</a></li></ul></li><li class="has-subpages"><a href="/euro/banknotes/html/index.da.html">Eurosedler</a><a href="#" class="subpages" title="toggle subpages for Eurosedler"></a><ul><li class="has-subpages"><a href="/euro/banknotes/future_banknotes/html/index.da.html">Fremtidige eurosedler</a><a href="#" class="subpages" title="toggle subpages for Fremtidige eurosedler"></a><ul><li class="clearfix"><a href="/euro/banknotes/future_banknotes/redesign/html/index.da.html">Nydesign af eurosedlerne</a></li></ul></li><li class="has-subpages"><a href="/euro/banknotes/current/html/index.da.html">Nuværende eurosedler</a><a href="#" class="subpages" title="toggle subpages for Nuværende eurosedler"></a><ul><li class="clearfix"><a href="/euro/banknotes/current/denominations/html/index.da.html">Seddelværdier</a></li><li class="clearfix"><a href="/euro/banknotes/current/design/html/index.da.html">Designelementer</a></li><li class="clearfix"><a href="/euro/banknotes/current/security/html/index.da.html">Sikkerhedselementer</a></li></ul></li><li class="clearfix"><a href="/euro/banknotes/ac/html/index.da.html">Beskyttelse mod forfalskning</a></li><li class="clearfix"><a href="/euro/banknotes/production/html/index.da.html">Seddelproduktion og lagre</a></li><li class="clearfix"><a href="/euro/banknotes/damaged/html/index.da.html">Beskadigede og blækplettede eurosedler</a></li><li class="has-subpages"><a href="/euro/banknotes/environmental/html/index.da.html">Miljø, sundhed og sikkerhed</a><a href="#" class="subpages" title="toggle subpages for Miljø, sundhed og sikkerhed"></a><ul><li class="clearfix"><a href="/euro/banknotes/environmental/pef/html/index.da.html">Produkters miljøaftryk</a></li></ul></li><li class="clearfix"><a href="/euro/banknotes/research/html/index.da.html">Forskning og udvikling</a></li><li class="clearfix"><a href="/euro/banknotes/images/html/index.da.html">Billeder og regler for gengivelse (Images and reproduction rules)</a></li><li class="clearfix"><a href="/euro/banknotes/info/html/index.da.html">Informations- og undervisningsmateriale</a></li></ul></li><li class="has-subpages"><a href="/euro/coins/html/index.da.html">Euromønter</a><a href="#" class="subpages" title="toggle subpages for Euromønter"></a><ul><li class="clearfix"><a href="/euro/coins/2euro/html/index.da.html">2 €</a></li><li class="clearfix"><a href="/euro/coins/1euro/html/index.da.html">1 €</a></li><li class="clearfix"><a href="/euro/coins/50cents/html/index.da.html">50 cent</a></li><li class="clearfix"><a href="/euro/coins/20cents/html/index.da.html">20 cent</a></li><li class="clearfix"><a href="/euro/coins/10cents/html/index.da.html">10 cent</a></li><li class="clearfix"><a href="/euro/coins/5cents/html/index.da.html">5 cent</a></li><li class="clearfix"><a href="/euro/coins/2cents/html/index.da.html">2 cent</a></li><li class="clearfix"><a href="/euro/coins/1cent/html/index.da.html">1 cent</a></li><li class="clearfix"><a href="/euro/coins/common/html/index.da.html">Fælles side</a></li><li class="clearfix"><a href="/euro/coins/comm/html/index.da.html">2-euro-erindringsmønter</a></li><li class="clearfix"><a href="/euro/coins/security/html/index.da.html">Sikkerhedselementer</a></li><li class="clearfix"><a href="/euro/coins/collect/html/index.da.html">Samlermønter</a></li></ul></li><li class="has-subpages"><a href="/euro/changeover/html/index.da.html">Overgang til eurosedler og -mønter</a><a href="#" class="subpages" title="toggle subpages for Overgang til eurosedler og -mønter"></a><ul><li class="clearfix"><a href="/euro/changeover/croatia/html/index.da.html">Kroatien (2023)</a></li><li class="clearfix"><a href="/euro/changeover/lithuania/html/index.da.html">Litauen (2015)</a></li><li class="clearfix"><a href="/euro/changeover/latvia/html/index.da.html">Letland (2014)</a></li><li class="clearfix"><a href="/euro/changeover/estonia/html/index.da.html">Estland (2011)</a></li><li class="clearfix"><a href="/euro/changeover/slovakia/html/index.da.html">Slovakiet (2009)</a></li><li class="clearfix"><a href="/euro/changeover/cyprus/html/index.da.html">Cypern (2008)</a></li><li class="clearfix"><a href="/euro/changeover/malta/html/index.da.html">Malta (2008)</a></li><li class="clearfix"><a href="/euro/changeover/slovenia/html/index.da.html">Slovenien (2007)</a></li><li class="clearfix"><a href="/euro/changeover/2002/html/index.da.html">Den første overgang til eurosedler og -mønter i 2002</a></li></ul></li><li class="has-subpages"><a href="/euro/exchange/html/index.da.html">Omveksling af nationale sedler og mønter</a><a href="#" class="subpages" title="toggle subpages for Omveksling af nationale sedler og mønter"></a><ul><li class="clearfix"><a href="/euro/exchange/au/html/index.da.html">Østrig</a></li><li class="clearfix"><a href="/euro/exchange/be/html/index.da.html">Belgien</a></li><li class="clearfix"><a href="/euro/exchange/hr/html/index.da.html">Kroatien</a></li><li class="clearfix"><a href="/euro/exchange/cy/html/index.da.html">Cypern</a></li><li class="clearfix"><a href="/euro/exchange/et/html/index.da.html">Estland</a></li><li class="clearfix"><a href="/euro/exchange/fi/html/index.da.html">Finland</a></li><li class="clearfix"><a href="/euro/exchange/fr/html/index.da.html">Frankrig</a></li><li class="clearfix"><a href="/euro/exchange/de/html/index.da.html">Tyskland</a></li><li class="clearfix"><a href="/euro/exchange/gr/html/index.da.html">Grækenland</a></li><li class="clearfix"><a href="/euro/exchange/ir/html/index.da.html">Irland</a></li><li class="clearfix"><a href="/euro/exchange/it/html/index.da.html">Italien</a></li><li class="clearfix"><a href="/euro/exchange/lv/html/index.da.html">Letland</a></li><li class="clearfix"><a href="/euro/exchange/lt/html/index.da.html">Litauen</a></li><li class="clearfix"><a href="/euro/exchange/lu/html/index.da.html">Luxembourg</a></li><li class="clearfix"><a href="/euro/exchange/mt/html/index.da.html">Malta</a></li><li class="clearfix"><a href="/euro/exchange/nl/html/index.da.html">Holland</a></li><li class="clearfix"><a href="/euro/exchange/pt/html/index.da.html">Portugal</a></li><li class="clearfix"><a href="/euro/exchange/slovakia/html/index.da.html">Slovakiet</a></li><li class="clearfix"><a href="/euro/exchange/sl/html/index.da.html">Slovenien</a></li><li class="clearfix"><a href="/euro/exchange/es/html/index.da.html">Spanien</a></li></ul></li><li class="clearfix"><a href="/euro/visually/html/index.da.html">For blinde og svagsynede</a></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="/pub/html/index.da.html">Forskning</a><a href="#" class="subpages" title="toggle subpages for Forskning"></a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"><div class="item"> <div class="title">Forskning</div> <p>Dybdegående undersøgelser og ekspertanalyser af 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på dansk</div> <div class="title"> <h1>Conference on Modelling international linkages and spill-overs</h1> </div> <div class="section"> <h3>3-4 October 2013, İzmir, Turkey</h3> </div> <div class="table"> <div class="wrapper"> <table summary="progr"> <tbody> <tr> <td>8.45-9:00</td> <td>Opening remarks (Erdem Başçı, CBRT Governor)</td> </tr> <tr> <td>09.00-12.00</td> <td><strong>Session I – International trade</strong> – CHAIR Filippo di Mauro<br> <br> <strong>“Trade, unemployment and monetary policy”</strong><br>Matteo Cacciatore (HEC Montréal) and Fabio Ghironi (University of Washington, EABCN, and NBER) <br>Discussant: Giovanni Calice (University of Birmingham)<br><br><strong>“Market reallocation and knowledge spillovers: the gains from multinational productions”</strong><br>Laura Alfaro (Harvard Business School and NBER), and Maggie X. Chen (George Washington University), <br>Discussant: Letizia Montinari (ECB)<br><br><strong>“Quantifying productivity gains from foreign investment”</strong><br>Christian Fons‐Rosen (Pompeu Fabra and BGSE), Sebnem Kalemli‐Ozcan (University of Maryland, CEPR, and NBER), Bent E. Sørensen (University of Houston and CEPR), Carolina Villegas‐Sanchez (ESADE – Universitat Ramon Llull), and Vadym Volosovych (Erasmus University Rotterdam) <br>Discussant: Mehmet Fatih Ulu (CBRT)</td> </tr> <tr> <td>12.00-13.30</td> <td>Lunch</td> </tr> <tr> <td>13:30-15:30 </td> <td><strong>Session II –Financial crises</strong> – CHAIR Paolo Pesenti <br><br> <strong>“Capital Controls and Macroprudential Measures: What Are They Good For?”</strong><br>Kristin Forbes (MIT‐Sloan School of Management and NBER), Marcel Fratzscher (DIW, Humboldt University, and CEPR), and Roland Straub (ECB)<br>Discussant: Silvia Sgherri (IMF) <br><br><strong>“Eurobonds”</strong><br>Juan Carlos Hatchondo (Indiana U. and FRB of Richmond), Leonardo Martinez (IMF), and Yasin Kursat Onder (Georgetown U. and CBRT)<br>Discussant: Inci Gumus (Sabancı University) </td> </tr> <tr> <td>15.30-16.00 </td> <td>Coffee break </td> </tr> <tr> <td>16.00-18.00</td> <td><strong>Session III – Econometric Methods</strong> – CHAIR Livio Stracca <br> <strong>“International spill‐overs of uncertainty shocks: Evidence from FAVAR</strong>”<br>Günes Kamber, Özer Karagedikli, Michael Ryan, and Tuğrul Vehbi (Reserve Bank of New Zealand)<br>Discussant: Meltem Gülenay Chadwick (CBRT)<br><br><strong>“Linking Firm‐level Distress to Macrofinancial Shocks: An Infinite‐Dimensional VAR Approach</strong>”<br>Alexander Al‐Haschimi (ECB), Stephane Dees (ECB), Filippo di Mauro (ECB), and Martina Jancokova (Goethe University)<br>Discussant: Marco Lo Duca (ECB) </td> </tr> <tr> <td>20.00</td> <td>Dinner</td> </tr> </tbody> </table> </div> </div> <div class="table"> <div class="wrapper"> <table summary="progr"> <tbody> <tr> <td>8.45-10.30</td> <td><strong>Session IV – International transmission in financial markets I</strong> – CHAIR Mustafa Kılınç<br> <strong>“The great recession: a self‐fulfilling global panic”</strong><br>Philippe Bacchetta (University of Lausanne, Swiss Finance Institute, and CEPR) and Eric van Wincoop (University of Virginia and NBER)<br>Discussant: Livio Stracca (ECB)<br><br><strong>“Bank linkages, diversification, and contagion”</strong><br>Galina Hale (Federal Reserve Bank of San Francisco) and Jean Imbs (Paris School of Economics and CEPR)<br>Discussant: Graciela Kaminsky (George Washington University and NBER) </td> </tr> <tr> <td>10.30-11.00</td> <td>Coffee break</td> </tr> <tr> <td>11.00-12.45</td> <td><strong>Session V – International transmission in financial markets II</strong> – CHAIR Murat Özbilgin <br> <strong>“Global Banks, Financial Shocks and International Business Cycles: Evidence from an Estimated Model”</strong><br>Robert Kollmann (ECARES, Université Libre de Bruxelles and CEPR)<br>Discussant: Paolo Pesenti (Federal Reserve Bank of New York, NBER and CEPR)<br><br><strong>“Trend shocks, risk sharing and cross‐country portfolio holdings”</strong><br>Yavuz Arslan (CBRT), Gürsu Keleş (CBRT), and Mustafa Kılınç (CBRT)<br>Discussants: Özge Akıncı (Federal Reserve Board) </td> </tr> <tr> <td>12.45-14.00</td> <td>Lunch</td> </tr> <tr> <td>14.00-15:30 </td> <td><strong>Concluding panel: Does international inter‐dependence imply more policy cooperation necessarily?</strong><br>Erdem Başçı (CBRT), Huw Pill (Goldman Sachs), Athanasios Orphanides (MIT)</td> </tr> </tbody> </table> </div> </div> <div class="section"> <p id="gnlinfo">In the context of the ECB’s research network on modelling international linkages and spillovers (IntLink), the <a title="Central Bank of the Republic of Turkey" href="http://www.tcmb.gov.tr">Central Bank of the Republic of Turkey</a>, together with the European Central Bank, is organising a conference on "Modelling International Linkages and Spillovers" that will take place on 3 and 4 October 2013 in İzmir, Turkey. </p> <h3>Topics</h3> <p>The organisation committee, which comprises Prof. Fabio Canova (European University Institute), Mustafa Kilinc (Central Bank of the Republic of Turkey), Filippo di Mauro (ECB), Paolo Pesenti (Federal Reserve Bank of New York) and Livio Stracca (ECB) would welcome contributions on, in particular, the following topics:</p> <ul> <li> modelling international linkages from a theoretical perspective; key channels of transmission (real and financial); </li> <li> modelling and empirical identification of spillovers and transmissions (real, financial and policy) between advanced and developing countries; </li> <li> challenges associated with the estimation of open economy DSGE models; </li> <li> time series models applied to the analysis of cross-border transmission, such as PVAR and GVAR models; </li> <li> gravity models; </li> <li> network analysis applied to cross-border linkages and spillovers; </li> <li> intra-euro area spillovers; </li> <li> modelling contagion and the transmission of extreme events; and </li> <li> policy implications stemming from increased interdependence. </li> </ul> <h3>Paper submission</h3> <p>The deadline for the submission of an extended abstract is <strong>15 April 2013</strong> and that for the submission of the full paper is <strong>30 June 2013</strong>.</p> <p>Please submit extended abstracts to <a href="mailto:cbrt.conference@tcmb.gov.tr">cbrt.conference@tcmb.gov.tr</a> and <a href="mailto: intlink@ecb.europa.eu"> intlink@ecb.europa.eu</a>.</p> <h3>Contact</h3> <p>In the case of questions, please contact <a href="mailto:intlink@ecb.europa.eu">Mr Livio Stracca </a> or <a href="mailto:mustafa.kilinc@tcmb.gov.tr"> Mr Mustafa Kilinc</a>.</p> </div> </main> </div> <div id="feedback" class="hidden"> <div class="content-box"> <div class="initial"> <div class="title">Levede denne side op til dine forventninger?</div><a class="button -inverted-color" id="feedback-yes">Ja</a> <a class="button -inverted-color" id="feedback-no">Nej</a></div> <div class="second hidden"> <div class="title">Hvorfor ikke?</div><a class="button -inverted-color" id="feedback-broken">Siden fungerer ikke</a> <a class="button -inverted-color" id="feedback-content">Oplysningerne er uinteressante</a> <a class="button -inverted-color" id="feedback-design">Designet er kedeligt</a> <a class="button -inverted-color" id="feedback-other">Andet</a></div> <div class="final hidden"> <div class="title">Tak for din tilbagemelding!</div> </div> </div> </div> <footer id="ecb-doc-footer"> <div class="ecb-footerTop"> <div class="sitemap"><a href="/home/sitedir/html/index.en.html" title="Site Directory">Site directory</a></div> <div class="socialLinks"><a class="inline-link" href="/home/socialmedia/html/index.en.html" title="Officielle sociale mediakanaler">FØLG OS</a> <a href="http://twitter.com/ecb" class="twitter" title="X"></a> <a href="https://www.linkedin.com/company/european-central-bank" class="linkedin" title="LinkedIn"></a> <a href="https://www.instagram.com/europeancentralbank/" class="instagram" title="Instagram"></a> <a href="https://www.youtube.com/user/ecbeuro" class="youtube" title="YouTube"></a> <a href="https://www.flickr.com/photos/europeancentralbank/sets/" class="flickr" title="Flickr"></a> <a href="https://soundcloud.com/europeancentralbank" class="soundcloud" title="SoundCloud"></a> <a href="/rss" class="rss" title="RSS-news feeds"></a></div> </div><div class="ecb-footerBottom"><p><span>Copyright 2025, </span>Den Europæiske Centralbank</p> <div class="ecb-serviceNavigation"> <div class="ecb-serviceNavigationBox"> <div class="ecb-serviceNavigationBoxTitle">Nyttige link</div> <div class="ecb-serviceNavigationBoxLinks"> <ul> <li><a href="/careers/vacancies/html/index.en.html">Karriere og Job</a></li> <li><a href="/services/glossary/html/index.en.html">Ordliste</a></li> <li><a href="/services/topics/html/index.da.html">Emner</a></li> <li><a href="/services/links/html/index.en.html">Andre institutioner</a></li> </ul> </div> </div> <div class="ecb-serviceNavigationBox"> <div class="ecb-serviceNavigationBoxTitle">Sådan bruger du vores websted</div> <div class="ecb-serviceNavigationBoxLinks"> <ul> <li><a href="/services/disclaimer/html/index.en.html">Ansvarsfraskrivelse & Copyright</a></li> <li><a href="/services/data-protection/privacy-statements/website/html/index.en.html">Databeskyttelseserklæring</a></li> <li><a href="/services/languagepolicy/html/index.en.html">Sprogpolitik</a></li> </ul> </div> </div> <div class="ecb-serviceNavigationBox"> <div class="ecb-serviceNavigationBoxTitle">Virksomhedspolitik</div> <div class="ecb-serviceNavigationBoxLinks"> <ul> <li><a href="/services/data-protection/html/index.en.html">Databeskyttelse</a></li> <li><a href="/services/html/accessibility-statement.en.html">Tilgængelighedserklæring</a></li> <li><a href="/ecb/access_to_documents/html/index.en.html">Aktindsigt</a></li> </ul> </div> </div> <div class="ecb-serviceNavigationBox"> <div class="ecb-serviceNavigationBoxTitle">Kontakt</div> <div class="ecb-serviceNavigationBoxLinks"> <ul> <li><a href="/services/contacts/html/index.en.html">Kontaktinformation</a></li> <li><a href="/services/contacts/address/html/index.en.html">Adresse</a></li> <li><a href="/services/contacts/working-hours/html/index.en.html">Kontortid</a></li> </ul> </div> </div> </div> </div>  </footer> <style> [data-count]{ position: relative; 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