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What are the pros and cons of involving external auditors in banking supervision? The aim of this paper is to shed light on the relationship between the quality of banking supervision and the involvement of external auditors, considering the potential benefits and costs.

This paper presents the main findings of the study on "Indicators for measuring the performance of the Single Market - Building the Single Market Pillar of the European Semester" (PE 518.750).

The notes in this compilation discuss the challenges for ECB monetary policy stemming from the recent appreciation of the Euro in the context of a nascent euro area recovery. The notes have been requested by the Committee on Economic and Monetary Affairs (ECON) as an input for the July 2014 session of the Monetary Dialogue between the Members of ECON and the President of the ECB.