Molestina Vivar

This box draws on new data from the ECB Consumer Expectations Survey (CES) to examine households’ demand for cars in the euro area. The car sector plays a crucial role in the euro area economy, accounting for around 10% of manufacturing value added and close to 2% of real GDP.

Published as part of the Macroprudential Bulletin 15, January 2025. This article develops a framework for assessing risks and formulating policies for leveraged alternative investment funds by integrating entity-level information for investment funds with transaction-level data on derivatives and repurchase agreements. Combining both types of data allows us to better understand the use of leverage in alternative investment funds and assess its implications for financial stability.