{"idNavigationItem":"1","name":"einter","pathPart":"","fullPath":"","children":[{"idNavigationItem":"13","name":"Monetary policy & markets","fullPath":"/mopo","pathPart":"mopo","children":[{"idNavigationItem":"866","name":"Introduction","fullPath":"/mopo/intro","pathPart":"intro","children":[{"idNavigationItem":"868","name":"Benefits of price stability","fullPath":"/mopo/intro/benefits","pathPart":"benefits","children":[]},{"idNavigationItem":"869","name":"Scope of monetary policy","fullPath":"/mopo/intro/role","pathPart":"role","children":[]},{"idNavigationItem":"871","name":"Transmission mechanism","fullPath":"/mopo/intro/transmission","pathPart":"transmission","children":[]}]},{"idNavigationItem":"888","name":"Decisions, statements & accounts","fullPath":"/mopo/decisions","pathPart":"decisions","children":[]},{"idNavigationItem":"882","name":"Monetary policy strategy","fullPath":"/mopo/strategy","pathPart":"strategy","children":[{"idNavigationItem":"3072","name":"Strategy review","fullPath":"/mopo/strategy/strategy-review","pathPart":"strategy-review","children":[]},{"idNavigationItem":"3071","name":"Medium-term orientation","fullPath":"/mopo/strategy/medium-term-orientation","pathPart":"medium-term-orientation","children":[]},{"idNavigationItem":"883","name":"Two per cent inflation target","fullPath":"/mopo/strategy/pricestab","pathPart":"pricestab","children":[]}]},{"idNavigationItem":"889","name":"Economic, monetary and financial analysis","fullPath":"/mopo/devel","pathPart":"devel","children":[{"idNavigationItem":"885","name":"Economic analysis","fullPath":"/mopo/devel/ecana","pathPart":"ecana","children":[]},{"idNavigationItem":"886","name":"Monetary and financial analysis","fullPath":"/mopo/devel/monan","pathPart":"monan","children":[]}]},{"idNavigationItem":"892","name":"Instruments","fullPath":"/mopo/implement","pathPart":"implement","children":[{"idNavigationItem":"893","name":"Open market operations","fullPath":"/mopo/implement/omo","pathPart":"omo","children":[{"idNavigationItem":"894","name":"TLTROs","fullPath":"/mopo/implement/omo/tltro","pathPart":"tltro","children":[]}]},{"idNavigationItem":"898","name":"Asset purchase programmes","fullPath":"/mopo/implement/app","pathPart":"app","children":[{"idNavigationItem":"899","name":"Securities lending","fullPath":"/mopo/implement/app/lending","pathPart":"lending","children":[]}]},{"idNavigationItem":"900","name":"Pandemic emergency purchase programme","fullPath":"/mopo/implement/pepp","pathPart":"pepp","children":[]},{"idNavigationItem":"896","name":"Standing facilities","fullPath":"/mopo/implement/sf","pathPart":"sf","children":[]},{"idNavigationItem":"897","name":"Minimum reserves","fullPath":"/mopo/implement/mr","pathPart":"mr","children":[{"idNavigationItem":"938","name":"Two-tier system","fullPath":"/mopo/implement/mr/two-tier","pathPart":"two-tier","children":[]}]}]},{"idNavigationItem":"3074","name":"International market operations","fullPath":"/mopo/international-market-operations","pathPart":"international-market-operations","children":[{"idNavigationItem":"1784","name":"Euro central bank liquidity lines","fullPath":"/mopo/international-market-operations/liquidity_lines","pathPart":"liquidity_lines","children":[]}]},{"idNavigationItem":"939","name":"Emergency liquidity assistance (ELA)","fullPath":"/mopo/ela","pathPart":"ela","children":[]},{"idNavigationItem":"890","name":"Liquidity analysis","fullPath":"/mopo/liq","pathPart":"liq","children":[]},{"idNavigationItem":"1150","name":"Collateral","fullPath":"/mopo/coll","pathPart":"coll","children":[{"idNavigationItem":"1151","name":"Eligibility criteria and assessment","fullPath":"/mopo/coll/standards","pathPart":"standards","children":[{"idNavigationItem":"1152","name":"Marketable assets","fullPath":"/mopo/coll/standards/marketable","pathPart":"marketable","children":[]},{"idNavigationItem":"1154","name":"Non-marketable assets","fullPath":"/mopo/coll/standards/nonmarketable","pathPart":"nonmarketable","children":[]}]},{"idNavigationItem":"1155","name":"List of eligible marketable assets","fullPath":"/mopo/coll/assets","pathPart":"assets","children":[{"idNavigationItem":"1158","name":"User guide","fullPath":"/mopo/coll/assets/guide","pathPart":"guide","children":[]}]},{"idNavigationItem":"1159","name":"Collateral management","fullPath":"/mopo/coll/coll","pathPart":"coll","children":[{"idNavigationItem":"1162","name":"Eligible SSSs","fullPath":"/mopo/coll/coll/eligiblesss","pathPart":"eligiblesss","children":[]},{"idNavigationItem":"1163","name":"Eligible links","fullPath":"/mopo/coll/coll/ssslinks","pathPart":"ssslinks","children":[]},{"idNavigationItem":"1165","name":"Eligible triparty agents","fullPath":"/mopo/coll/coll/triparty","pathPart":"triparty","children":[]}]},{"idNavigationItem":"1175","name":"Risk mitigation","fullPath":"/mopo/coll/risk","pathPart":"risk","children":[{"idNavigationItem":"1176","name":"ECAF","fullPath":"/mopo/coll/risk/ecaf","pathPart":"ecaf","children":[]},{"idNavigationItem":"1177","name":"Risk control","fullPath":"/mopo/coll/risk/riskcontrol","pathPart":"riskcontrol","children":[]},{"idNavigationItem":"1178","name":"Haircut categories","fullPath":"/mopo/coll/risk/liquidity","pathPart":"liquidity","children":[]},{"idNavigationItem":"1179","name":"Valuation","fullPath":"/mopo/coll/risk/valuation","pathPart":"valuation","children":[]}]},{"idNavigationItem":"1180","name":"Loan-level requirements","fullPath":"/mopo/coll/loanlevel","pathPart":"loanlevel","children":[{"idNavigationItem":"1181","name":"Data templates","fullPath":"/mopo/coll/loanlevel/transmission","pathPart":"transmission","children":[]},{"idNavigationItem":"1183","name":"Eligibility requirements","fullPath":"/mopo/coll/loanlevel/implementation","pathPart":"implementation","children":[]},{"idNavigationItem":"1185","name":"Frequently asked questions","fullPath":"/mopo/coll/loanlevel/faq","pathPart":"faq","children":[]}]},{"idNavigationItem":"1188","name":"Contacts","fullPath":"/mopo/coll/contacts","pathPart":"contacts","children":[]}]},{"idNavigationItem":"872","name":"Structure of the euro area economy","fullPath":"/mopo/eaec","pathPart":"eaec","children":[{"idNavigationItem":"873","name":"Economic policy","fullPath":"/mopo/eaec/ecopolicy","pathPart":"ecopolicy","children":[]},{"idNavigationItem":"874","name":"Fiscal policies","fullPath":"/mopo/eaec/fiscal","pathPart":"fiscal","children":[]},{"idNavigationItem":"875","name":"External trade","fullPath":"/mopo/eaec/trade","pathPart":"trade","children":[]},{"idNavigationItem":"876","name":"Effective exchange rates","fullPath":"/mopo/eaec/eer","pathPart":"eer","children":[]},{"idNavigationItem":"877","name":"Financial structure","fullPath":"/mopo/eaec/structure","pathPart":"structure","children":[]},{"idNavigationItem":"878","name":"Financial markets","fullPath":"/mopo/eaec/markets","pathPart":"markets","children":[]},{"idNavigationItem":"879","name":"Financial intermediaries","fullPath":"/mopo/eaec/intermediaries","pathPart":"intermediaries","children":[]},{"idNavigationItem":"880","name":"Economic diversity","fullPath":"/mopo/eaec/diversity","pathPart":"diversity","children":[]},{"idNavigationItem":"881","name":"Labour market","fullPath":"/mopo/eaec/labour","pathPart":"labour","children":[]}]},{"idNavigationItem":"3073","name":"Market contact groups","fullPath":"/mopo/market-contact-groups","pathPart":"market-contact-groups","children":[{"idNavigationItem":"1257","name":"Bond market (BMCG)","fullPath":"/mopo/market-contact-groups/bmcg","pathPart":"bmcg","children":[]},{"idNavigationItem":"1266","name":"Money market (MMCG)","fullPath":"/mopo/market-contact-groups/mmcg","pathPart":"mmcg","children":[]},{"idNavigationItem":"1258","name":"Debt Issuance Market Contact Group (DIMCG)","fullPath":"/mopo/market-contact-groups/dimcg","pathPart":"dimcg","children":[]},{"idNavigationItem":"1261","name":"ECB Operations managers group (ECB OMG)","fullPath":"/mopo/market-contact-groups/omg","pathPart":"omg","children":[]},{"idNavigationItem":"1264","name":"Foreign exchange (FXCG)","fullPath":"/mopo/market-contact-groups/fxcg","pathPart":"fxcg","children":[]},{"idNavigationItem":"1265","name":"Institutional Investor Dialogue (IID)","fullPath":"/mopo/market-contact-groups/iid","pathPart":"iid","children":[]},{"idNavigationItem":"3162","name":"Monetary Analysis Contact Group (MACG)","fullPath":"/mopo/market-contact-groups/macg","pathPart":"macg","children":[]}]}]},{"idNavigationItem":"15","name":"Payments & financial stability","fullPath":"/paym","pathPart":"paym","children":[{"idNavigationItem":"3075","name":"Payments","fullPath":"/paym/##","pathPart":"##","children":[]},{"idNavigationItem":"1049","name":"TARGET Services","fullPath":"/paym/target","pathPart":"target","children":[{"idNavigationItem":"2329","name":"Shared features","fullPath":"/paym/target/coco","pathPart":"coco","children":[]},{"idNavigationItem":"2889","name":"T2","fullPath":"/paym/target/t2","pathPart":"t2","children":[{"idNavigationItem":"3116","name":"Facts and figures","fullPath":"/paym/target/t2/facts","pathPart":"facts","children":[]},{"idNavigationItem":"2890","name":"Governance","fullPath":"/paym/target/t2/governance","pathPart":"governance","children":[]}]},{"idNavigationItem":"1054","name":"T2S","fullPath":"/paym/target/t2s","pathPart":"t2s","children":[{"idNavigationItem":"1055","name":"Governance","fullPath":"/paym/target/t2s/governance","pathPart":"governance","children":[]},{"idNavigationItem":"1056","name":"Facts and figures","fullPath":"/paym/target/t2s/facts","pathPart":"facts","children":[]},{"idNavigationItem":"1057","name":"Pricing","fullPath":"/paym/target/t2s/pricing","pathPart":"pricing","children":[]}]},{"idNavigationItem":"1059","name":"TIPS","fullPath":"/paym/target/tips","pathPart":"tips","children":[{"idNavigationItem":"3158","name":"Cross-border payments","fullPath":"/paym/target/tips/crossborder","pathPart":"crossborder","children":[]},{"idNavigationItem":"1060","name":"Governance","fullPath":"/paym/target/tips/governance","pathPart":"governance","children":[]},{"idNavigationItem":"1061","name":"Facts and figures","fullPath":"/paym/target/tips/facts","pathPart":"facts","children":[]},{"idNavigationItem":"2908","name":"Onboarding","fullPath":"/paym/target/tips/onboarding","pathPart":"onboarding","children":[]}]},{"idNavigationItem":"1067","name":"ECMS","fullPath":"/paym/target/ecms","pathPart":"ecms","children":[]},{"idNavigationItem":"3171","name":"Pontes","fullPath":"/paym/target/pontes","pathPart":"pontes","children":[{"idNavigationItem":"3172","name":"Governance","fullPath":"/paym/target/pontes/governance","pathPart":"governance","children":[]}]},{"idNavigationItem":"3078","name":"TARGET professional use documents & links","fullPath":"/paym/target/target-professional-use-documents-links","pathPart":"target-professional-use-documents-links","children":[{"idNavigationItem":"2865","name":"Shared features documents & links","fullPath":"/paym/target/target-professional-use-documents-links/coco","pathPart":"coco","children":[]},{"idNavigationItem":"2891","name":"T2 documents & links","fullPath":"/paym/target/target-professional-use-documents-links/t2","pathPart":"t2","children":[]},{"idNavigationItem":"1058","name":"T2S documents & links","fullPath":"/paym/target/target-professional-use-documents-links/t2s","pathPart":"t2s","children":[]},{"idNavigationItem":"1062","name":"TIPS documents & links","fullPath":"/paym/target/target-professional-use-documents-links/tips","pathPart":"tips","children":[]},{"idNavigationItem":"1068","name":"ECMS documents & links","fullPath":"/paym/target/target-professional-use-documents-links/ecms","pathPart":"ecms","children":[]}]}]},{"idNavigationItem":"1069","name":"Integration and innovation","fullPath":"/paym/integration","pathPart":"integration","children":[{"idNavigationItem":"2922","name":"Distributed ledger technologies","fullPath":"/paym/integration/distributed","pathPart":"distributed","children":[{"idNavigationItem":"2923","name":"Exploratory work","fullPath":"/paym/integration/distributed/exploratory","pathPart":"exploratory","children":[]}]},{"idNavigationItem":"1070","name":"Retail payments","fullPath":"/paym/integration/retail","pathPart":"retail","children":[{"idNavigationItem":"1794","name":"Retail payments strategy","fullPath":"/paym/integration/retail/retail_payments_strategy","pathPart":"retail_payments_strategy","children":[]},{"idNavigationItem":"1071","name":"ECB as a catalyst","fullPath":"/paym/integration/retail/ecb","pathPart":"ecb","children":[]},{"idNavigationItem":"1072","name":"SEPA","fullPath":"/paym/integration/retail/sepa","pathPart":"sepa","children":[]},{"idNavigationItem":"1075","name":"Instant payments","fullPath":"/paym/integration/retail/instant_payments","pathPart":"instant_payments","children":[]}]},{"idNavigationItem":"1077","name":"Collateral management harmonisation","fullPath":"/paym/integration/collateral","pathPart":"collateral","children":[{"idNavigationItem":"1078","name":"Implementation","fullPath":"/paym/integration/collateral/implementation","pathPart":"implementation","children":[]},{"idNavigationItem":"1079","name":"FAQ","fullPath":"/paym/integration/collateral/faq","pathPart":"faq","children":[]}]}]},{"idNavigationItem":"1141","name":"Cyber resilience","fullPath":"/paym/cyber-resilience","pathPart":"cyber-resilience","children":[{"idNavigationItem":"1142","name":"Financial market infrastructures","fullPath":"/paym/cyber-resilience/fmi","pathPart":"fmi","children":[]},{"idNavigationItem":"1143","name":"TIBER-EU","fullPath":"/paym/cyber-resilience/tiber-eu","pathPart":"tiber-eu","children":[]}]},{"idNavigationItem":"1206","name":"Oversight","fullPath":"/paym/pol","pathPart":"pol","children":[{"idNavigationItem":"1209","name":"Payment systems","fullPath":"/paym/pol/systems","pathPart":"systems","children":[]},{"idNavigationItem":"2919","name":"TARGET2-Securities","fullPath":"/paym/pol/target2-securities","pathPart":"target2-securities","children":[]},{"idNavigationItem":"1211","name":"Electronic payments","fullPath":"/paym/pol/instr","pathPart":"instr","children":[]},{"idNavigationItem":"1210","name":"Securities settlement systems and central counterparties","fullPath":"/paym/pol/clearing","pathPart":"clearing","children":[]},{"idNavigationItem":"1212","name":"Critical service providers","fullPath":"/paym/pol/critical","pathPart":"critical","children":[]},{"idNavigationItem":"2921","name":"Correspondent and custodian banks","fullPath":"/paym/pol/correspondent-and-custodian-banks","pathPart":"correspondent-and-custodian-banks","children":[]},{"idNavigationItem":"1215","name":"SecuRe Pay forum","fullPath":"/paym/pol/forum","pathPart":"forum","children":[]}]},{"idNavigationItem":"1218","name":"Reserve management services","fullPath":"/paym/erms","pathPart":"erms","children":[{"idNavigationItem":"1219","name":"Key aspects","fullPath":"/paym/erms/aspects","pathPart":"aspects","children":[]},{"idNavigationItem":"1220","name":"Range of services","fullPath":"/paym/erms/service","pathPart":"service","children":[]}]},{"idNavigationItem":"978","name":"Cash professionals","fullPath":"/paym/cashprof","pathPart":"cashprof","children":[{"idNavigationItem":"979","name":"Cash handling","fullPath":"/paym/cashprof/cashhand","pathPart":"cashhand","children":[{"idNavigationItem":"980","name":"Authentication devices","fullPath":"/paym/cashprof/cashhand/devices","pathPart":"devices","children":[]},{"idNavigationItem":"983","name":"Recirculation of banknotes","fullPath":"/paym/cashprof/cashhand/recycling","pathPart":"recycling","children":[]}]},{"idNavigationItem":"990","name":"Common detector interface specifications","fullPath":"/paym/cashprof/cdispec","pathPart":"cdispec","children":[]},{"idNavigationItem":"991","name":"Banknote manufacturer accreditation","fullPath":"/paym/cashprof/accreditation","pathPart":"accreditation","children":[]}]},{"idNavigationItem":"1255","name":"Payment contact groups","fullPath":"/paym/groups","pathPart":"groups","children":[{"idNavigationItem":"1256","name":"Advisory groups on market infrastructures","fullPath":"/paym/groups/ami","pathPart":"ami","children":[]},{"idNavigationItem":"1260","name":"Euro Cyber Resilience Board","fullPath":"/paym/groups/euro-cyber-board","pathPart":"euro-cyber-board","children":[]},{"idNavigationItem":"1262","name":"Euro Retail Payments Board (ERPB)","fullPath":"/paym/groups/erpb","pathPart":"erpb","children":[]},{"idNavigationItem":"1263","name":"European Forum for Innovation in Payments (EFIP)","fullPath":"/paym/groups/efip","pathPart":"efip","children":[]}]},{"idNavigationItem":"3076","name":"Financial stability","fullPath":"/paym/##","pathPart":"##","children":[]},{"idNavigationItem":"653","name":"Introduction to financial stability","fullPath":"/paym/financial-stability","pathPart":"financial-stability","children":[]},{"idNavigationItem":"657","name":"Macroprudential Measures","fullPath":"/paym/macroprudential-measures","pathPart":"macroprudential-measures","children":[]},{"idNavigationItem":"2847","name":"Financial stability contact groups","fullPath":"/paym/financial_stability_contact_groups","pathPart":"financial_stability_contact_groups","children":[]}]},{"idNavigationItem":"12","name":"Statistics","fullPath":"/stats","pathPart":"stats","children":[{"idNavigationItem":"3088","name":"Frequently accessed","fullPath":"/stats/##","pathPart":"##","children":[]},{"idNavigationItem":"3081","name":"Euro exchange rates","fullPath":"/stats/euro-exchange-rates","pathPart":"euro-exchange-rates","children":[]},{"idNavigationItem":"3082","name":"Key ECB interest rates","fullPath":"/stats/key-ecb-interest-rates","pathPart":"key-ecb-interest-rates","children":[]},{"idNavigationItem":"3085","name":"Euro short-term rate (\u20acSTR)","fullPath":"/stats/euro-short-term-rates","pathPart":"euro-short-term-rates","children":[{"idNavigationItem":"1144","name":"Interest rate benchmarks","fullPath":"/stats/euro-short-term-rates/interest_rate_benchmarks","pathPart":"interest_rate_benchmarks","children":[{"idNavigationItem":"1146","name":"Working group on euro risk-free rates","fullPath":"/stats/euro-short-term-rates/interest_rate_benchmarks/WG_euro_risk-free_rates","pathPart":"WG_euro_risk-free_rates","children":[]}]}]},{"idNavigationItem":"3086","name":"Inflation","fullPath":"/stats/inflation","pathPart":"inflation","children":[]},{"idNavigationItem":"3087","name":"Euro area yield curves","fullPath":"/stats/euro-area-yield-curves","pathPart":"euro-area-yield-curves","children":[]},{"idNavigationItem":"3089","name":"All statistics & background","fullPath":"/stats/##","pathPart":"##","children":[]},{"idNavigationItem":"3079","name":"All key statistics","fullPath":"/stats/all-key-statistics","pathPart":"all-key-statistics","children":[]},{"idNavigationItem":"2900","name":"All data services","fullPath":"/stats/accessing-our-data","pathPart":"accessing-our-data","children":[]},{"idNavigationItem":"705","name":"Data reporting & standards","fullPath":"/stats/ecb_statistics","pathPart":"ecb_statistics","children":[{"idNavigationItem":"707","name":"Governance and quality framework","fullPath":"/stats/ecb_statistics/governance_and_quality_framework","pathPart":"governance_and_quality_framework","children":[]},{"idNavigationItem":"710","name":"Co-operation and standards","fullPath":"/stats/ecb_statistics/co-operation_and_standards","pathPart":"co-operation_and_standards","children":[]},{"idNavigationItem":"712","name":"Banks\u2019 data reporting","fullPath":"/stats/ecb_statistics/reporting","pathPart":"reporting","children":[]},{"idNavigationItem":"749","name":"AnaCredit","fullPath":"/stats/ecb_statistics/anacredit","pathPart":"anacredit","children":[{"idNavigationItem":"750","name":"AnaCredit Q&A","fullPath":"/stats/ecb_statistics/anacredit/questions","pathPart":"questions","children":[]}]},{"idNavigationItem":"708","name":"Public consultations","fullPath":"/stats/ecb_statistics/consultations","pathPart":"consultations","children":[]},{"idNavigationItem":"711","name":"Banking industry dialogue on ESCB statistics and integrated reporting","fullPath":"/stats/ecb_statistics/dialogue","pathPart":"dialogue","children":[]},{"idNavigationItem":"717","name":"SDMX \u2013 statistical data exchange model","fullPath":"/stats/ecb_statistics/sdmx","pathPart":"sdmx","children":[]},{"idNavigationItem":"714","name":"INEXDA - granular data network","fullPath":"/stats/ecb_statistics/inexda","pathPart":"inexda","children":[]}]}]},{"idNavigationItem":"14","name":"The euro","fullPath":"/euro","pathPart":"euro","children":[{"idNavigationItem":"1783","name":"Digital euro","fullPath":"/euro/digital_euro","pathPart":"digital_euro","children":[{"idNavigationItem":"2910","name":"What it is","fullPath":"/euro/digital_euro/features","pathPart":"features","children":[{"idNavigationItem":"3103","name":"Digital euro and privacy","fullPath":"/euro/digital_euro/features/privacy","pathPart":"privacy","children":[]}]},{"idNavigationItem":"2912","name":"How it works","fullPath":"/euro/digital_euro/how-it-works","pathPart":"how-it-works","children":[]},{"idNavigationItem":"2911","name":"Why we need it","fullPath":"/euro/digital_euro/why-we-need-it","pathPart":"why-we-need-it","children":[]},{"idNavigationItem":"3173","name":"Innovation platform","fullPath":"/euro/digital_euro/innovation-platform","pathPart":"innovation-platform","children":[]},{"idNavigationItem":"3104","name":"Timeline and progress","fullPath":"/euro/digital_euro/progress","pathPart":"progress","children":[]},{"idNavigationItem":"2913","name":"In-depth information","fullPath":"/euro/digital_euro/timeline","pathPart":"timeline","children":[{"idNavigationItem":"2315","name":"Governance and stakeholder engagement","fullPath":"/euro/digital_euro/timeline/stakeholder","pathPart":"stakeholder","children":[]},{"idNavigationItem":"2316","name":"Technical documents and research","fullPath":"/euro/digital_euro/timeline/profuse","pathPart":"profuse","children":[]},{"idNavigationItem":"3101","name":"Scheme rulebook","fullPath":"/euro/digital_euro/timeline/rulebook","pathPart":"rulebook","children":[]}]},{"idNavigationItem":"1786","name":"Frequently asked questions","fullPath":"/euro/digital_euro/faqs","pathPart":"faqs","children":[]}]},{"idNavigationItem":"3070","name":"Cash","fullPath":"/euro/##","pathPart":"##","children":[]},{"idNavigationItem":"943","name":"The Eurosystem cash strategy","fullPath":"/euro/cash_strategy","pathPart":"cash_strategy","children":[{"idNavigationItem":"944","name":"The role of cash","fullPath":"/euro/cash_strategy/cash_role","pathPart":"cash_role","children":[]},{"idNavigationItem":"942","name":"Issuance and circulation","fullPath":"/euro/cash_strategy/issuance","pathPart":"issuance","children":[]},{"idNavigationItem":"3102","name":"Access to and acceptance of cash","fullPath":"/euro/cash_strategy/acceptance-cash","pathPart":"acceptance-cash","children":[]},{"idNavigationItem":"1792","name":"Frequently asked questions","fullPath":"/euro/cash_strategy/faqs","pathPart":"faqs","children":[]}]},{"idNavigationItem":"945","name":"Banknotes","fullPath":"/euro/banknotes","pathPart":"banknotes","children":[{"idNavigationItem":"2864","name":"Future banknotes","fullPath":"/euro/banknotes/future_banknotes","pathPart":"future_banknotes","children":[{"idNavigationItem":"2904","name":"Redesign process","fullPath":"/euro/banknotes/future_banknotes/redesign","pathPart":"redesign","children":[]}]},{"idNavigationItem":"2901","name":"Current banknotes","fullPath":"/euro/banknotes/current","pathPart":"current","children":[{"idNavigationItem":"946","name":"Denominations","fullPath":"/euro/banknotes/current/denominations","pathPart":"denominations","children":[]},{"idNavigationItem":"953","name":"Design elements","fullPath":"/euro/banknotes/current/design","pathPart":"design","children":[]},{"idNavigationItem":"947","name":"Security features","fullPath":"/euro/banknotes/current/security","pathPart":"security","children":[]}]},{"idNavigationItem":"955","name":"Anti-counterfeiting","fullPath":"/euro/banknotes/ac","pathPart":"ac","children":[]},{"idNavigationItem":"941","name":"Banknote production and stocks","fullPath":"/euro/banknotes/production","pathPart":"production","children":[]},{"idNavigationItem":"956","name":"Damaged and inked-stained banknotes","fullPath":"/euro/banknotes/damaged","pathPart":"damaged","children":[]},{"idNavigationItem":"959","name":"Environment, health and safety","fullPath":"/euro/banknotes/environmental","pathPart":"environmental","children":[{"idNavigationItem":"2909","name":"Product environmental footprint","fullPath":"/euro/banknotes/environmental/pef","pathPart":"pef","children":[]}]},{"idNavigationItem":"960","name":"Research and development","fullPath":"/euro/banknotes/research","pathPart":"research","children":[]},{"idNavigationItem":"961","name":"Images and reproduction rules","fullPath":"/euro/banknotes/images","pathPart":"images","children":[]},{"idNavigationItem":"963","name":"Information and training materials","fullPath":"/euro/banknotes/info","pathPart":"info","children":[]}]},{"idNavigationItem":"964","name":"Coins","fullPath":"/euro/coins","pathPart":"coins","children":[{"idNavigationItem":"965","name":"\u20ac2","fullPath":"/euro/coins/2euro","pathPart":"2euro","children":[]},{"idNavigationItem":"966","name":"\u20ac1","fullPath":"/euro/coins/1euro","pathPart":"1euro","children":[]},{"idNavigationItem":"967","name":"50 cent","fullPath":"/euro/coins/50cents","pathPart":"50cents","children":[]},{"idNavigationItem":"968","name":"20 cent","fullPath":"/euro/coins/20cents","pathPart":"20cents","children":[]},{"idNavigationItem":"969","name":"10 cent","fullPath":"/euro/coins/10cents","pathPart":"10cents","children":[]},{"idNavigationItem":"970","name":"5 cent","fullPath":"/euro/coins/5cents","pathPart":"5cents","children":[]},{"idNavigationItem":"971","name":"2 cent","fullPath":"/euro/coins/2cents","pathPart":"2cents","children":[]},{"idNavigationItem":"972","name":"1 cent","fullPath":"/euro/coins/1cent","pathPart":"1cent","children":[]},{"idNavigationItem":"973","name":"Common sides","fullPath":"/euro/coins/common","pathPart":"common","children":[]},{"idNavigationItem":"974","name":"\u20ac2 commemorative coins","fullPath":"/euro/coins/comm","pathPart":"comm","children":[]},{"idNavigationItem":"975","name":"Security features","fullPath":"/euro/coins/security","pathPart":"security","children":[]},{"idNavigationItem":"976","name":"Collector coins","fullPath":"/euro/coins/collect","pathPart":"collect","children":[]}]},{"idNavigationItem":"992","name":"Joining the euro area","fullPath":"/euro/changeover","pathPart":"changeover","children":[{"idNavigationItem":"2877","name":"Croatia (2023)","fullPath":"/euro/changeover/croatia","pathPart":"croatia","children":[]},{"idNavigationItem":"993","name":"Lithuania (2015)","fullPath":"/euro/changeover/lithuania","pathPart":"lithuania","children":[]},{"idNavigationItem":"994","name":"Latvia (2014)","fullPath":"/euro/changeover/latvia","pathPart":"latvia","children":[]},{"idNavigationItem":"995","name":"Estonia (2011)","fullPath":"/euro/changeover/estonia","pathPart":"estonia","children":[]},{"idNavigationItem":"996","name":"Slovakia (2009)","fullPath":"/euro/changeover/slovakia","pathPart":"slovakia","children":[]},{"idNavigationItem":"997","name":"Cyprus (2008)","fullPath":"/euro/changeover/cyprus","pathPart":"cyprus","children":[]},{"idNavigationItem":"998","name":"Malta (2008)","fullPath":"/euro/changeover/malta","pathPart":"malta","children":[]},{"idNavigationItem":"999","name":"Slovenia (2007)","fullPath":"/euro/changeover/slovenia","pathPart":"slovenia","children":[]},{"idNavigationItem":"1000","name":"Initial changeover (2002)","fullPath":"/euro/changeover/2002","pathPart":"2002","children":[]}]},{"idNavigationItem":"1002","name":"Exchanging national cash","fullPath":"/euro/exchange","pathPart":"exchange","children":[{"idNavigationItem":"1003","name":"Austria","fullPath":"/euro/exchange/au","pathPart":"au","children":[]},{"idNavigationItem":"1004","name":"Belgium","fullPath":"/euro/exchange/be","pathPart":"be","children":[]},{"idNavigationItem":"2884","name":"Croatia","fullPath":"/euro/exchange/hr","pathPart":"hr","children":[]},{"idNavigationItem":"1005","name":"Cyprus","fullPath":"/euro/exchange/cy","pathPart":"cy","children":[]},{"idNavigationItem":"1006","name":"Estonia","fullPath":"/euro/exchange/et","pathPart":"et","children":[]},{"idNavigationItem":"1007","name":"Finland","fullPath":"/euro/exchange/fi","pathPart":"fi","children":[]},{"idNavigationItem":"1008","name":"France","fullPath":"/euro/exchange/fr","pathPart":"fr","children":[]},{"idNavigationItem":"1009","name":"Germany","fullPath":"/euro/exchange/de","pathPart":"de","children":[]},{"idNavigationItem":"1010","name":"Greece","fullPath":"/euro/exchange/gr","pathPart":"gr","children":[]},{"idNavigationItem":"1011","name":"Ireland","fullPath":"/euro/exchange/ir","pathPart":"ir","children":[]},{"idNavigationItem":"1012","name":"Italy","fullPath":"/euro/exchange/it","pathPart":"it","children":[]},{"idNavigationItem":"1013","name":"Latvia","fullPath":"/euro/exchange/lv","pathPart":"lv","children":[]},{"idNavigationItem":"1014","name":"Lithuania","fullPath":"/euro/exchange/lt","pathPart":"lt","children":[]},{"idNavigationItem":"1015","name":"Luxembourg","fullPath":"/euro/exchange/lu","pathPart":"lu","children":[]},{"idNavigationItem":"1016","name":"Malta","fullPath":"/euro/exchange/mt","pathPart":"mt","children":[]},{"idNavigationItem":"1017","name":"The Netherlands","fullPath":"/euro/exchange/nl","pathPart":"nl","children":[]},{"idNavigationItem":"1018","name":"Portugal","fullPath":"/euro/exchange/pt","pathPart":"pt","children":[]},{"idNavigationItem":"1019","name":"Slovakia","fullPath":"/euro/exchange/slovakia","pathPart":"slovakia","children":[]},{"idNavigationItem":"1020","name":"Slovenia","fullPath":"/euro/exchange/sl","pathPart":"sl","children":[]},{"idNavigationItem":"1021","name":"Spain","fullPath":"/euro/exchange/es","pathPart":"es","children":[]}]},{"idNavigationItem":"1028","name":"Visually impaired people","fullPath":"/euro/visually","pathPart":"visually","children":[]}]},{"idNavigationItem":"11","name":"Research","fullPath":"/pub","pathPart":"pub","children":[{"idNavigationItem":"558","name":"Economic research","fullPath":"/pub/economic-research","pathPart":"economic-research","children":[{"idNavigationItem":"2321","name":"Research agenda","fullPath":"/pub/economic-research/research_agenda","pathPart":"research_agenda","children":[{"idNavigationItem":"2322","name":"Monetary policy, strategy and implementation","fullPath":"/pub/economic-research/research_agenda/monetary_policy","pathPart":"monetary_policy","children":[]},{"idNavigationItem":"2323","name":"Fiscal policy and governance within EMU","fullPath":"/pub/economic-research/research_agenda/fiscal_policy","pathPart":"fiscal_policy","children":[]},{"idNavigationItem":"2324","name":"International macro and finance","fullPath":"/pub/economic-research/research_agenda/international","pathPart":"international","children":[]},{"idNavigationItem":"2325","name":"Real sector and microeconomic analysis","fullPath":"/pub/economic-research/research_agenda/real_sector","pathPart":"real_sector","children":[]},{"idNavigationItem":"2326","name":"Forecasting and business cycle analysis","fullPath":"/pub/economic-research/research_agenda/forecasting","pathPart":"forecasting","children":[]},{"idNavigationItem":"2327","name":"Macro-finance, systemic risk and macroprudential policy","fullPath":"/pub/economic-research/research_agenda/macro-finance","pathPart":"macro-finance","children":[]},{"idNavigationItem":"2328","name":"Financial institutions, microprudential policy, financial markets and payments","fullPath":"/pub/economic-research/research_agenda/financial_institutions","pathPart":"financial_institutions","children":[]}]},{"idNavigationItem":"568","name":"Opportunities for researchers","fullPath":"/pub/economic-research/programmes","pathPart":"programmes","children":[{"idNavigationItem":"569","name":"Wim Duisenberg Fellowship","fullPath":"/pub/economic-research/programmes/duisenberg","pathPart":"duisenberg","children":[]},{"idNavigationItem":"570","name":"Regular Research Visitors","fullPath":"/pub/economic-research/programmes/visitors","pathPart":"visitors","children":[]},{"idNavigationItem":"571","name":"Lamfalussy Fellowship","fullPath":"/pub/economic-research/programmes/lamfalussy","pathPart":"lamfalussy","children":[]},{"idNavigationItem":"572","name":"Summer Research Graduate Programme","fullPath":"/pub/economic-research/programmes/graduate","pathPart":"graduate","children":[]},{"idNavigationItem":"573","name":"Student Research Traineeship Programme","fullPath":"/pub/economic-research/programmes/traineeship","pathPart":"traineeship","children":[]}]}]},{"idNavigationItem":"2925","name":"Legal Research","fullPath":"/pub/legal-research","pathPart":"legal-research","children":[{"idNavigationItem":"2927","name":"Legal conferences and seminars","fullPath":"/pub/legal-research/legal-conferences-and-seminars","pathPart":"legal-conferences-and-seminars","children":[]},{"idNavigationItem":"2926","name":"Legal Research Programme","fullPath":"/pub/legal-research/legal-research-programme","pathPart":"legal-research-programme","children":[]}]},{"idNavigationItem":"574","name":"Research papers","fullPath":"/pub/research","pathPart":"research","children":[{"idNavigationItem":"588","name":"Papers by authors","fullPath":"/pub/research/authors","pathPart":"authors","children":[]}]},{"idNavigationItem":"559","name":"ECB researchers","fullPath":"/pub/researchers","pathPart":"researchers","children":[]},{"idNavigationItem":"567","name":"Research networks","fullPath":"/pub/research-networks","pathPart":"research-networks","children":[]}]},{"idNavigationItem":"8","name":"News & publications","fullPath":"/press","pathPart":"press","children":[{"idNavigationItem":"3067","name":"News","fullPath":"/press/##","pathPart":"##","children":[]},{"idNavigationItem":"299","name":"Press releases","fullPath":"/press/pr","pathPart":"pr","children":[]},{"idNavigationItem":"360","name":"Statistical releases","fullPath":"/press/stats","pathPart":"stats","children":[{"idNavigationItem":"361","name":"Monetary developments in the euro area","fullPath":"/press/stats/md","pathPart":"md","children":[]},{"idNavigationItem":"363","name":"Euro area balance of payments","fullPath":"/press/stats/bop","pathPart":"bop","children":[]},{"idNavigationItem":"364","name":"Euro area economic and financial developments by institutional sector","fullPath":"/press/stats/ffi","pathPart":"ffi","children":[]},{"idNavigationItem":"369","name":"Euro area bank interest rate statistics","fullPath":"/press/stats/mfi","pathPart":"mfi","children":[]},{"idNavigationItem":"371","name":"Payment instruments and systems","fullPath":"/press/stats/paysec","pathPart":"paysec","children":[]}]},{"idNavigationItem":"447","name":"Speeches","fullPath":"/press/key","pathPart":"key","children":[{"idNavigationItem":"448","name":"By date","fullPath":"/press/key/date","pathPart":"date","children":[]},{"idNavigationItem":"473","name":"By speaker","fullPath":"/press/key/speaker","pathPart":"speaker","children":[{"idNavigationItem":"474","name":"President","fullPath":"/press/key/speaker/pres","pathPart":"pres","children":[]},{"idNavigationItem":"475","name":"Vice-President","fullPath":"/press/key/speaker/vicepres","pathPart":"vicepres","children":[]},{"idNavigationItem":"476","name":"Board Members","fullPath":"/press/key/speaker/bm","pathPart":"bm","children":[]}]}]},{"idNavigationItem":"477","name":"Interviews","fullPath":"/press/inter","pathPart":"inter","children":[]},{"idNavigationItem":"499","name":"The ECB Blog","fullPath":"/press/blog","pathPart":"blog","children":[]},{"idNavigationItem":"500","name":"Podcasts & webcasts","fullPath":"/press/tvservices","pathPart":"tvservices","children":[{"idNavigationItem":"501","name":"The ECB Podcast","fullPath":"/press/tvservices/podcast","pathPart":"podcast","children":[]},{"idNavigationItem":"502","name":"Webcasts: ECB monetary policy decisions","fullPath":"/press/tvservices/webcast","pathPart":"webcast","children":[]},{"idNavigationItem":"503","name":"Webcasts: hearings at European Parliament","fullPath":"/press/tvservices/parliament","pathPart":"parliament","children":[]},{"idNavigationItem":"505","name":"Footage for TV stations","fullPath":"/press/tvservices/ondemand","pathPart":"ondemand","children":[]},{"idNavigationItem":"506","name":"Downlink parameters for TV stations","fullPath":"/press/tvservices/satinfo","pathPart":"satinfo","children":[]}]},{"idNavigationItem":"1029","name":"Payments news & events","fullPath":"/press/intro","pathPart":"intro","children":[{"idNavigationItem":"1030","name":"News","fullPath":"/press/intro/news","pathPart":"news","children":[]},{"idNavigationItem":"1032","name":"Publications","fullPath":"/press/intro/publications","pathPart":"publications","children":[]},{"idNavigationItem":"1034","name":"MIP Online","fullPath":"/press/intro/mip-online","pathPart":"mip-online","children":[{"idNavigationItem":"2862","name":"2022","fullPath":"/press/intro/mip-online/2022","pathPart":"2022","children":[]},{"idNavigationItem":"1796","name":"2021","fullPath":"/press/intro/mip-online/2021","pathPart":"2021","children":[]},{"idNavigationItem":"1035","name":"2020","fullPath":"/press/intro/mip-online/2020","pathPart":"2020","children":[]},{"idNavigationItem":"1036","name":"2019","fullPath":"/press/intro/mip-online/2019","pathPart":"2019","children":[]},{"idNavigationItem":"1037","name":"2018","fullPath":"/press/intro/mip-online/2018","pathPart":"2018","children":[]},{"idNavigationItem":"1038","name":"2017","fullPath":"/press/intro/mip-online/2017","pathPart":"2017","children":[]},{"idNavigationItem":"1039","name":"2016","fullPath":"/press/intro/mip-online/2016","pathPart":"2016","children":[]}]},{"idNavigationItem":"1045","name":"Events","fullPath":"/press/intro/events","pathPart":"events","children":[]},{"idNavigationItem":"1046","name":"Public consultations","fullPath":"/press/intro/cons","pathPart":"cons","children":[{"idNavigationItem":"1048","name":"Previous","fullPath":"/press/intro/cons/previous","pathPart":"previous","children":[]}]}]},{"idNavigationItem":"526","name":"Press hub","fullPath":"/press/contacts","pathPart":"contacts","children":[]},{"idNavigationItem":"3069","name":"Publications","fullPath":"/press/##","pathPart":"##","children":[]},{"idNavigationItem":"373","name":"Governing Council decisions","fullPath":"/press/govcdec","pathPart":"govcdec","children":[{"idNavigationItem":"374","name":"Monetary policy decisions","fullPath":"/press/govcdec/mopo","pathPart":"mopo","children":[]},{"idNavigationItem":"398","name":"Other decisions","fullPath":"/press/govcdec/otherdec","pathPart":"otherdec","children":[]}]},{"idNavigationItem":"441","name":"Monetary policy accounts","fullPath":"/press/accounts","pathPart":"accounts","children":[]},{"idNavigationItem":"597","name":"Economic Bulletin","fullPath":"/press/economic-bulletin","pathPart":"economic-bulletin","children":[{"idNavigationItem":"598","name":"Articles","fullPath":"/press/economic-bulletin/articles","pathPart":"articles","children":[]},{"idNavigationItem":"620","name":"Focus","fullPath":"/press/economic-bulletin/focus","pathPart":"focus","children":[]},{"idNavigationItem":"642","name":"Monthly Bulletin","fullPath":"/press/economic-bulletin/mb","pathPart":"mb","children":[]}]},{"idNavigationItem":"658","name":"Macroeconomic projections","fullPath":"/press/projections","pathPart":"projections","children":[]},{"idNavigationItem":"3095","name":"Annual reports & financial statements","fullPath":"/press/annual-reports-financial-statements","pathPart":"annual-reports-financial-statements","children":[{"idNavigationItem":"644","name":"Annual Report","fullPath":"/press/annual-reports-financial-statements/annual","pathPart":"annual","children":[{"idNavigationItem":"645","name":"Annual Accounts","fullPath":"/press/annual-reports-financial-statements/annual/annual-accounts","pathPart":"annual-accounts","children":[]},{"idNavigationItem":"646","name":"Eurosystem balance sheet","fullPath":"/press/annual-reports-financial-statements/annual/balance","pathPart":"balance","children":[{"idNavigationItem":"647","name":"Monetary policy operations","fullPath":"/press/annual-reports-financial-statements/annual/balance/mpo","pathPart":"mpo","children":[]}]}]},{"idNavigationItem":"336","name":"Weekly financial statements","fullPath":"/press/annual-reports-financial-statements/wfs","pathPart":"wfs","children":[{"idNavigationItem":"359","name":"Disaggregated data","fullPath":"/press/annual-reports-financial-statements/wfs/dis","pathPart":"dis","children":[]}]}]},{"idNavigationItem":"3096","name":"Financial stability publications","fullPath":"/press/financial-stability-publications","pathPart":"financial-stability-publications","children":[{"idNavigationItem":"654","name":"Financial Stability Review","fullPath":"/press/financial-stability-publications/fsr","pathPart":"fsr","children":[{"idNavigationItem":"655","name":"Special features & boxes","fullPath":"/press/financial-stability-publications/fsr/special","pathPart":"special","children":[]}]},{"idNavigationItem":"656","name":"Macroprudential Bulletin","fullPath":"/press/financial-stability-publications/macroprudential-bulletin","pathPart":"macroprudential-bulletin","children":[]}]},{"idNavigationItem":"3099","name":"Research publications","fullPath":"/press/research-publications","pathPart":"research-publications","children":[{"idNavigationItem":"560","name":"Research Bulletin","fullPath":"/press/research-publications/resbull","pathPart":"resbull","children":[]},{"idNavigationItem":"575","name":"Working papers","fullPath":"/press/research-publications/working-papers","pathPart":"working-papers","children":[]},{"idNavigationItem":"579","name":"Discussion papers","fullPath":"/press/research-publications/discussion-papers","pathPart":"discussion-papers","children":[]},{"idNavigationItem":"580","name":"Occasional papers","fullPath":"/press/research-publications/occasional-papers","pathPart":"occasional-papers","children":[]},{"idNavigationItem":"583","name":"Legal working papers","fullPath":"/press/research-publications/legal-working-papers","pathPart":"legal-working-papers","children":[]},{"idNavigationItem":"586","name":"Statistics papers","fullPath":"/press/research-publications/statistics-papers","pathPart":"statistics-papers","children":[]}]},{"idNavigationItem":"3097","name":"Other publications","fullPath":"/press/other-publications","pathPart":"other-publications","children":[{"idNavigationItem":"3098","name":"Letters to MEPs","fullPath":"/press/other-publications/mep-letters","pathPart":"mep-letters","children":[]},{"idNavigationItem":"650","name":"Convergence Report","fullPath":"/press/other-publications/convergence","pathPart":"convergence","children":[]},{"idNavigationItem":"2897","name":"International Role of the Euro","fullPath":"/press/other-publications/ire","pathPart":"ire","children":[]}]},{"idNavigationItem":"3068","name":"Events & calendars","fullPath":"/press/##","pathPart":"##","children":[]},{"idNavigationItem":"2320","name":"Monetary policy press conference","fullPath":"/press/press_conference","pathPart":"press_conference","children":[{"idNavigationItem":"417","name":"Monetary policy statements","fullPath":"/press/press_conference/monetary-policy-statement","pathPart":"monetary-policy-statement","children":[]},{"idNavigationItem":"2317","name":"Monetary policy statements at a glance","fullPath":"/press/press_conference/visual-mps","pathPart":"visual-mps","children":[]}]},{"idNavigationItem":"589","name":"Conferences & seminars","fullPath":"/press/conferences","pathPart":"conferences","children":[{"idNavigationItem":"593","name":"Forum on Central Banking","fullPath":"/press/conferences/ecbforum","pathPart":"ecbforum","children":[{"idNavigationItem":"595","name":"Young Economist Prize","fullPath":"/press/conferences/ecbforum/YE_competition","pathPart":"YE_competition","children":[]},{"idNavigationItem":"596","name":"Past editions","fullPath":"/press/conferences/ecbforum/previous_fora","pathPart":"previous_fora","children":[]}]},{"idNavigationItem":"1793","name":"Civil society engagement","fullPath":"/press/conferences/civil_society_engagement","pathPart":"civil_society_engagement","children":[]}]},{"idNavigationItem":"507","name":"Calendars","fullPath":"/press/calendars","pathPart":"calendars","children":[{"idNavigationItem":"508","name":"Weekly schedule","fullPath":"/press/calendars/weekly","pathPart":"weekly","children":[]},{"idNavigationItem":"509","name":"Meetings of the Governing Council and the General Council","fullPath":"/press/calendars/mgcgc","pathPart":"mgcgc","children":[]},{"idNavigationItem":"510","name":"Statistical calendars","fullPath":"/press/calendars/statscal","pathPart":"statscal","children":[{"idNavigationItem":"511","name":"Money, banking and financial markets","fullPath":"/press/calendars/statscal/mfm","pathPart":"mfm","children":[]},{"idNavigationItem":"512","name":"Euro area economic and financial developments by institutional sector","fullPath":"/press/calendars/statscal/eaa","pathPart":"eaa","children":[]},{"idNavigationItem":"513","name":"External transactions and positions","fullPath":"/press/calendars/statscal/ext","pathPart":"ext","children":[]},{"idNavigationItem":"514","name":"Prices, output, demand and labour","fullPath":"/press/calendars/statscal/ges","pathPart":"ges","children":[]},{"idNavigationItem":"515","name":"Government finance","fullPath":"/press/calendars/statscal/gf","pathPart":"gf","children":[]},{"idNavigationItem":"516","name":"Supervisory and prudential statistics","fullPath":"/press/calendars/statscal/sps","pathPart":"sps","children":[]}]},{"idNavigationItem":"517","name":"Eurosystem's tender operations","fullPath":"/press/calendars/caleu","pathPart":"caleu","children":[]},{"idNavigationItem":"518","name":"Reserve maintenance period","fullPath":"/press/calendars/reserve","pathPart":"reserve","children":[]}]}]},{"idNavigationItem":"18","name":"ECB banking supervision","fullPath":"https://www.bankingsupervision.europa.eu/home/html/index.en.html","pathPart":"##ssm##website##","children":[]},{"idNavigationItem":"7","name":"About us","fullPath":"/ecb","pathPart":"ecb","children":[{"idNavigationItem":"3083","name":"All about us","fullPath":"/ecb/all-about-us","pathPart":"all-about-us","children":[]},{"idNavigationItem":"29","name":"Our leadership","fullPath":"/ecb/decisions","pathPart":"decisions","children":[{"idNavigationItem":"31","name":"Executive Board","fullPath":"/ecb/decisions/eb","pathPart":"eb","children":[]},{"idNavigationItem":"30","name":"Governing Council","fullPath":"/ecb/decisions/govc","pathPart":"govc","children":[]},{"idNavigationItem":"32","name":"General Council","fullPath":"/ecb/decisions/genc","pathPart":"genc","children":[]},{"idNavigationItem":"33","name":"Supervisory Board","fullPath":"/ecb/decisions/ssm","pathPart":"ssm","children":[]}]},{"idNavigationItem":"21","name":"Our organisation","fullPath":"/ecb/orga","pathPart":"orga","children":[{"idNavigationItem":"22","name":"ECB, ESCB and the Eurosystem","fullPath":"/ecb/orga/escb","pathPart":"escb","children":[{"idNavigationItem":"23","name":"ECB mission","fullPath":"/ecb/orga/escb/ecb-mission","pathPart":"ecb-mission","children":[]},{"idNavigationItem":"24","name":"Eurosystem mission","fullPath":"/ecb/orga/escb/eurosystem-mission","pathPart":"eurosystem-mission","children":[]},{"idNavigationItem":"25","name":"Strategic intents","fullPath":"/ecb/orga/escb/strategic-intents","pathPart":"strategic-intents","children":[]},{"idNavigationItem":"26","name":"Organisational principles","fullPath":"/ecb/orga/escb/organisational-principles","pathPart":"organisational-principles","children":[]}]},{"idNavigationItem":"43","name":"Our tasks and responsibilities","fullPath":"/ecb/orga/tasks","pathPart":"tasks","children":[{"idNavigationItem":"44","name":"Monetary policy","fullPath":"/ecb/orga/tasks/monpol","pathPart":"monpol","children":[]},{"idNavigationItem":"45","name":"Statistics","fullPath":"/ecb/orga/tasks/statistics","pathPart":"statistics","children":[]},{"idNavigationItem":"46","name":"Financial stability and macroprudential policy","fullPath":"/ecb/orga/tasks/stability","pathPart":"stability","children":[{"idNavigationItem":"47","name":"Our tasks","fullPath":"/ecb/orga/tasks/stability/tasks","pathPart":"tasks","children":[]},{"idNavigationItem":"48","name":"Strategy","fullPath":"/ecb/orga/tasks/stability/strategy","pathPart":"strategy","children":[]},{"idNavigationItem":"49","name":"Institutional framework","fullPath":"/ecb/orga/tasks/stability/framework","pathPart":"framework","children":[]}]},{"idNavigationItem":"50","name":"Banknotes","fullPath":"/ecb/orga/tasks/euro","pathPart":"euro","children":[]},{"idNavigationItem":"51","name":"Payments & securities","fullPath":"/ecb/orga/tasks/paym","pathPart":"paym","children":[]},{"idNavigationItem":"52","name":"European relations","fullPath":"/ecb/orga/tasks/europe","pathPart":"europe","children":[{"idNavigationItem":"53","name":"European cooperation","fullPath":"/ecb/orga/tasks/europe/cooperation","pathPart":"cooperation","children":[]},{"idNavigationItem":"55","name":"EMU economic governance","fullPath":"/ecb/orga/tasks/europe/emu","pathPart":"emu","children":[]}]},{"idNavigationItem":"56","name":"International affairs","fullPath":"/ecb/orga/tasks/international","pathPart":"international","children":[{"idNavigationItem":"57","name":"International relations and analysis","fullPath":"/ecb/orga/tasks/international/institutions","pathPart":"institutions","children":[]},{"idNavigationItem":"58","name":"International central bank cooperation","fullPath":"/ecb/orga/tasks/international/financialarchitecture","pathPart":"financialarchitecture","children":[]}]},{"idNavigationItem":"63","name":"Foreign reserves and own funds","fullPath":"/ecb/orga/tasks/reserves","pathPart":"reserves","children":[]},{"idNavigationItem":"64","name":"Foreign exchange operations","fullPath":"/ecb/orga/tasks/forex","pathPart":"forex","children":[]}]},{"idNavigationItem":"27","name":"Organisation chart of the ECB","fullPath":"/ecb/orga/orgachart","pathPart":"orgachart","children":[]},{"idNavigationItem":"40","name":"Capital subscription","fullPath":"/ecb/orga/capital","pathPart":"capital","children":[]},{"idNavigationItem":"38","name":"Corporate governance","fullPath":"/ecb/orga/governance","pathPart":"governance","children":[]},{"idNavigationItem":"3167","name":"European financial literacy network","fullPath":"/ecb/orga/european-financial-literacy-network","pathPart":"european-financial-literacy-network","children":[]}]},{"idNavigationItem":"3077","name":"Our values","fullPath":"/ecb/our-values","pathPart":"our-values","children":[{"idNavigationItem":"34","name":"Independence","fullPath":"/ecb/our-values/independence","pathPart":"independence","children":[]},{"idNavigationItem":"35","name":"Transparency","fullPath":"/ecb/our-values/transparency","pathPart":"transparency","children":[]},{"idNavigationItem":"37","name":"Accountability","fullPath":"/ecb/our-values/accountability","pathPart":"accountability","children":[]},{"idNavigationItem":"39","name":"Ethics \u2013 working with integrity","fullPath":"/ecb/our-values/ethics","pathPart":"ethics","children":[{"idNavigationItem":"1789","name":"Ethics Network of Multilateral Organizations (ENMO)","fullPath":"/ecb/our-values/ethics/enmo","pathPart":"enmo","children":[]}]}]},{"idNavigationItem":"3094","name":"Our history, arts and culture","fullPath":"/ecb/history-arts-culture","pathPart":"history-arts-culture","children":[{"idNavigationItem":"65","name":"Our history","fullPath":"/ecb/history-arts-culture/history","pathPart":"history","children":[{"idNavigationItem":"2898","name":"25 years of the ECB","fullPath":"/ecb/history-arts-culture/history/25-year-anniversary-of-the-ecb","pathPart":"25-year-anniversary-of-the-ecb","children":[]},{"idNavigationItem":"66","name":"Economic and Monetary Union","fullPath":"/ecb/history-arts-culture/history/emu","pathPart":"emu","children":[]},{"idNavigationItem":"67","name":"EU enlargement","fullPath":"/ecb/history-arts-culture/history/enlargement","pathPart":"enlargement","children":[]},{"idNavigationItem":"68","name":"European Union","fullPath":"/ecb/history-arts-culture/history/ec","pathPart":"ec","children":[]}]},{"idNavigationItem":"292","name":"Archives","fullPath":"/ecb/history-arts-culture/archives","pathPart":"archives","children":[{"idNavigationItem":"293","name":"Committee of Governors","fullPath":"/ecb/history-arts-culture/archives/cog","pathPart":"cog","children":[]},{"idNavigationItem":"294","name":"European Monetary Cooperation Fund","fullPath":"/ecb/history-arts-culture/archives/emcf","pathPart":"emcf","children":[]},{"idNavigationItem":"295","name":"Delors Committee","fullPath":"/ecb/history-arts-culture/archives/delors","pathPart":"delors","children":[]},{"idNavigationItem":"296","name":"European Monetary Institute","fullPath":"/ecb/history-arts-culture/archives/emi","pathPart":"emi","children":[]},{"idNavigationItem":"297","name":"European Central Bank","fullPath":"/ecb/history-arts-culture/archives/european","pathPart":"european","children":[]}]},{"idNavigationItem":"118","name":"Arts and culture","fullPath":"/ecb/history-arts-culture/artsculture","pathPart":"artsculture","children":[]}]},{"idNavigationItem":"167","name":"Our legal framework","fullPath":"/ecb/legal","pathPart":"legal","children":[{"idNavigationItem":"168","name":"EUR-Lex - Frequently asked questions","fullPath":"/ecb/legal/faqs","pathPart":"faqs","children":[]},{"idNavigationItem":"169","name":"Institutional framework","fullPath":"/ecb/legal/fsla","pathPart":"fsla","children":[]}]},{"idNavigationItem":"41","name":"Climate change and the ECB","fullPath":"/ecb/climate","pathPart":"climate","children":[{"idNavigationItem":"2917","name":"Our climate and nature plan","fullPath":"/ecb/climate/our-climate-and-nature-plan","pathPart":"our-climate-and-nature-plan","children":[]},{"idNavigationItem":"2888","name":"Climate-related financial disclosures","fullPath":"/ecb/climate/climate-related-financial-disclosures","pathPart":"climate-related-financial-disclosures","children":[]},{"idNavigationItem":"2856","name":"Managing climate-related risks","fullPath":"/ecb/climate/managing_mitigating_climatel_risk","pathPart":"managing_mitigating_climatel_risk","children":[]},{"idNavigationItem":"2859","name":"Supporting the green transition","fullPath":"/ecb/climate/green_transition","pathPart":"green_transition","children":[]},{"idNavigationItem":"2860","name":"Fostering wider action","fullPath":"/ecb/climate/wider_action","pathPart":"wider_action","children":[]},{"idNavigationItem":"2861","name":"Our approach","fullPath":"/ecb/climate/our_approach","pathPart":"our_approach","children":[]},{"idNavigationItem":"42","name":"Environmental protection","fullPath":"/ecb/climate/green","pathPart":"green","children":[]},{"idNavigationItem":"2896","name":"Climate Insurance Protection Gap","fullPath":"/ecb/climate/climate","pathPart":"climate","children":[]}]},{"idNavigationItem":"2905","name":"Sanctions imposed by the ECB","fullPath":"/ecb/sanctions","pathPart":"sanctions","children":[]},{"idNavigationItem":"284","name":"Procurement","fullPath":"/ecb/jobsproc","pathPart":"jobsproc","children":[{"idNavigationItem":"285","name":"Tenders","fullPath":"/ecb/jobsproc/tenders","pathPart":"tenders","children":[]},{"idNavigationItem":"288","name":"Archive","fullPath":"/ecb/jobsproc/archive","pathPart":"archive","children":[]},{"idNavigationItem":"289","name":"Electronic tendering system","fullPath":"/ecb/jobsproc/sourcing","pathPart":"sourcing","children":[]}]},{"idNavigationItem":"290","name":"Access to documents","fullPath":"/ecb/access_to_documents","pathPart":"access_to_documents","children":[{"idNavigationItem":"291","name":"Public Register of Documents","fullPath":"/ecb/access_to_documents/document","pathPart":"document","children":[]}]},{"idNavigationItem":"1309","name":"Contacts","fullPath":"/ecb/contacts","pathPart":"contacts","children":[{"idNavigationItem":"1310","name":"Address","fullPath":"/ecb/contacts/address","pathPart":"address","children":[]},{"idNavigationItem":"1311","name":"ECB public holidays","fullPath":"/ecb/contacts/working-hours","pathPart":"working-hours","children":[]}]}]},{"idNavigationItem":"3066","name":"ECB & You","fullPath":"/ecb-and-you","pathPart":"ecb-and-you","children":[{"idNavigationItem":"79","name":"All about ECB & You","fullPath":"/ecb-and-you/educational","pathPart":"educational","children":[]},{"idNavigationItem":"9","name":"Explainers","fullPath":"/ecb-and-you/explainers","pathPart":"explainers","children":[{"idNavigationItem":"3108","name":"Key things to know about the ECB","fullPath":"/ecb-and-you/explainers/key-things-to-know-about-the-ecb","pathPart":"key-things-to-know-about-the-ecb","children":[]},{"idNavigationItem":"3109","name":"ECB and beyond","fullPath":"/ecb-and-you/explainers/ecb-and-beyond","pathPart":"ecb-and-beyond","children":[]},{"idNavigationItem":"3110","name":"Our currency, the euro","fullPath":"/ecb-and-you/explainers/our-currency-the-euro","pathPart":"our-currency-the-euro","children":[]},{"idNavigationItem":"3111","name":"Making payments","fullPath":"/ecb-and-you/explainers/making-payments","pathPart":"making-payments","children":[]},{"idNavigationItem":"3115","name":"Monetary policy","fullPath":"/ecb-and-you/explainers/path-monetary-policy","pathPart":"path-monetary-policy","children":[]},{"idNavigationItem":"3112","name":"Unconventional monetary policy instruments","fullPath":"/ecb-and-you/explainers/unconventional-monetary-policy-instruments","pathPart":"unconventional-monetary-policy-instruments","children":[]},{"idNavigationItem":"3114","name":"Banking supervision","fullPath":"/ecb-and-you/explainers/path-banking-supervision","pathPart":"path-banking-supervision","children":[]},{"idNavigationItem":"3113","name":"Climate change and the ECB","fullPath":"/ecb-and-you/explainers/climate-change-and-the-ecb","pathPart":"climate-change-and-the-ecb","children":[]}]},{"idNavigationItem":"2885","name":"Test your knowledge","fullPath":"/ecb-and-you/test-your-knowledge","pathPart":"test-your-knowledge","children":[]},{"idNavigationItem":"80","name":"Youth initiatives","fullPath":"/ecb-and-you/youth-initiatives","pathPart":"youth-initiatives","children":[{"idNavigationItem":"2853","name":"Girls' IT Bootcamp","fullPath":"/ecb-and-you/youth-initiatives/girls_it_bootcamp","pathPart":"girls_it_bootcamp","children":[]}]},{"idNavigationItem":"3159","name":"Financial literacy in Europe","fullPath":"/ecb-and-you/financial_literacy_europe","pathPart":"financial_literacy_europe","children":[]},{"idNavigationItem":"2887","name":"Everyone needs stability","fullPath":"/ecb-and-you/everyone-needs-stability","pathPart":"everyone-needs-stability","children":[]},{"idNavigationItem":"3105","name":"ECB in Frankfurt","fullPath":"/ecb-and-you/ecb-in-frankfurt","pathPart":"ecb-in-frankfurt","children":[]},{"idNavigationItem":"2855","name":"ECB & You broadcasts","fullPath":"/ecb-and-you/ecb_and_you","pathPart":"ecb_and_you","children":[]},{"idNavigationItem":"1795","name":"Ask us","fullPath":"/ecb-and-you/ask_us","pathPart":"ask_us","children":[]},{"idNavigationItem":"108","name":"Visit us","fullPath":"/ecb-and-you/visits","pathPart":"visits","children":[{"idNavigationItem":"137","name":"Main building","fullPath":"/ecb-and-you/visits/premises","pathPart":"premises","children":[]}]}]},{"idNavigationItem":"16","name":"Careers","fullPath":"/careers","pathPart":"careers","children":[{"idNavigationItem":"3084","name":"All about careers","fullPath":"/careers/all-about-careers","pathPart":"all-about-careers","children":[]},{"idNavigationItem":"1268","name":"Vacancies","fullPath":"/careers/vacancies","pathPart":"vacancies","children":[]},{"idNavigationItem":"1269","name":"Who we are","fullPath":"/careers/working-at-the-ecb","pathPart":"working-at-the-ecb","children":[{"idNavigationItem":"1270","name":"About the ECB","fullPath":"/careers/working-at-the-ecb/about","pathPart":"about","children":[]},{"idNavigationItem":"1271","name":"Meet our people","fullPath":"/careers/working-at-the-ecb/employee-portraits","pathPart":"employee-portraits","children":[]},{"idNavigationItem":"1272","name":"Life in Frankfurt","fullPath":"/careers/working-at-the-ecb/life-in-frankfurt","pathPart":"life-in-frankfurt","children":[]}]},{"idNavigationItem":"1274","name":"Why we value diversity","fullPath":"/careers/why-we-value-diversity","pathPart":"why-we-value-diversity","children":[{"idNavigationItem":"1275","name":"Women@ECB","fullPath":"/careers/why-we-value-diversity/women","pathPart":"women","children":[]},{"idNavigationItem":"1276","name":"Diversity networks","fullPath":"/careers/why-we-value-diversity/diversity-networks","pathPart":"diversity-networks","children":[]}]},{"idNavigationItem":"1277","name":"What we offer","fullPath":"/careers/what-we-offer","pathPart":"what-we-offer","children":[{"idNavigationItem":"1278","name":"Benefits & rewards","fullPath":"/careers/what-we-offer/benefits","pathPart":"benefits","children":[]},{"idNavigationItem":"1279","name":"Contract types","fullPath":"/careers/what-we-offer/contract","pathPart":"contract","children":[{"idNavigationItem":"1280","name":"Fixed-term","fullPath":"/careers/what-we-offer/contract/fixed","pathPart":"fixed","children":[]},{"idNavigationItem":"1281","name":"Short-term","fullPath":"/careers/what-we-offer/contract/short","pathPart":"short","children":[]},{"idNavigationItem":"1282","name":"ESCB/IO","fullPath":"/careers/what-we-offer/contract/escb","pathPart":"escb","children":[]},{"idNavigationItem":"1283","name":"Other","fullPath":"/careers/what-we-offer/contract/other","pathPart":"other","children":[]}]},{"idNavigationItem":"1284","name":"Traineeship","fullPath":"/careers/what-we-offer/traineeship","pathPart":"traineeship","children":[]},{"idNavigationItem":"1285","name":"Graduate programme","fullPath":"/careers/what-we-offer/graduate","pathPart":"graduate","children":[]},{"idNavigationItem":"1286","name":"ECB Scholarship for Women","fullPath":"/careers/what-we-offer/wecs","pathPart":"wecs","children":[]},{"idNavigationItem":"2906","name":"ECB Scholarship for Ukrainian graduates","fullPath":"/careers/what-we-offer/ukrainian-scholarship","pathPart":"ukrainian-scholarship","children":[]}]},{"idNavigationItem":"1287","name":"How you can join us","fullPath":"/careers/before-you-apply","pathPart":"before-you-apply","children":[{"idNavigationItem":"1288","name":"How to apply","fullPath":"/careers/before-you-apply/how-to-apply","pathPart":"how-to-apply","children":[]},{"idNavigationItem":"1289","name":"How we hire","fullPath":"/careers/before-you-apply/how-we-hire","pathPart":"how-we-hire","children":[]},{"idNavigationItem":"1290","name":"You have been selected, what next?","fullPath":"/careers/before-you-apply/newcomers","pathPart":"newcomers","children":[{"idNavigationItem":"1291","name":"Fixed-term employee","fullPath":"/careers/before-you-apply/newcomers/fixed-term","pathPart":"fixed-term","children":[]},{"idNavigationItem":"1292","name":"Short-term employee","fullPath":"/careers/before-you-apply/newcomers/short-term","pathPart":"short-term","children":[]},{"idNavigationItem":"1293","name":"Trainee","fullPath":"/careers/before-you-apply/newcomers/trainee","pathPart":"trainee","children":[]},{"idNavigationItem":"1294","name":"Cost-free secondee","fullPath":"/careers/before-you-apply/newcomers/cost-free","pathPart":"cost-free","children":[]}]}]},{"idNavigationItem":"1298","name":"FAQs","fullPath":"/careers/faq","pathPart":"faq","children":[]}]}]}art":"faq","children":[]}]}]}