Varian, H. (2017), “Technology, innovation and industrial organization”, forthcoming in ECB, Investment and Growth in Advanced Economies, Frankfurt am Main. Veugelers, R. (2017), “An innovation deficit behind Europe’s overall productivity slowdown?”, forthcoming in ECB, Investment and Growth in Advanced Economies, Frankfurt am Main. 16 / 16  BIS central bankers' speeches
Before drawing to a close, let me say a word on the prospective single supervisory mechanism and the role that the ECB shall take on. Later this year, once the legal texts have been adopted, the ECB will assume a major new responsibility to prepare for becoming the new euro area banking supervisor, as home and heart of the single supervisory mechanism.