The “monetary analysis” focuses on money and liquidity considerations and the statistics supporting it include, for example, the detailed consolidated balance sheet of the euro area banks, in particular the monetary aggregates and counterparts, the balance sheet of euro area investment funds, securities issues statistics and the financial balance sheets of the nonfinancial sectors.
Many of these European statistics are compiled by the ECB in close cooperation with the national central banks. They are published for the benefit of the financial markets and the public at large. Moreover, the ECB closely monitors macroeconomic and institutional developments that pose potential risks to financial stability.