Alex Barker, (2018), “H E.E. θα ενισχύσει κράτη του Νότου όπως η Ελλάδα, αντί χωρών της ανατολικής Ευρώπης”, Financial Times, 22 Απριλίου Οι Βρυξέλλες θέλουν να βάλουν ένα τέλος στην πρακτική της κατανομής των χρημάτων αυτών με κριτήριο σχεδόν αποκλειστικά το κατά κεφαλήν ΑΕΠ και να το αντικαταστήσουν με ευρύτερα κριτήρια που θα καλύπτουν και άλλους τομείς, από την ανεργία των νέων, την εκπαίδευση και την προστασία του περιβάλλοντος μέχρι …Read More
Francesco Chiacchio, Georgios Petropoulos, David Pichler, (2018), “The impact of industrial robots on EU employment and wages: A local labour market approach”, working paper, issue 02, bruegel, 18 Απριλίου The authors of this working paper study the impact of industrial robots on employment and wages in six European Union countries, which make up 85.5 percent of the EU industrial robots market. In theory, robots can directly displace workers from performing …Read More
Daniel Gros, (2018), “Banks, Non-Performing Loans and Investment”, CEPS, 17 Απριλίου In this editorial, CEPS Director Daniel Gros analyses the effects of non-performing loans (NPLs) on the broader Italian credit and banking sector, with a specific reference to France and Germany, He argues that NPLs do not hamper the possibilities of economic growth. Europe’s banks still have very large amounts of non-performing loans on their books. According to some estimates, …Read More
Philipp-Bastian Brutscher, Jonas Heipertz, Christopher Hols, (2018), “Corporate investment in Europe: The role of finance”, VoxEU, 23 Απριλίου The question of how firms finance their business and investment activity is long-standing in the academic literature as well as in policy circles. Indeed, the availability of sufficient sources of funding is at the heart of the dynamics and functioning of market economies. The stabilising role of monetary policy relies on the …Read More
Willem Pieter de Groen, (2018), “Cash Outflows in Crisis Scenarios”, 17 Απριλίου The large majority of the more than €2.5 trillion of public and monetary support that euro area banks received between 2008 and 2016 was in the form of liquidity support. Liquidity, however, has not been adequately addressed in the legislative overhaul following the global financial crisis. This paper focuses on liquidity at the moment when the need for …Read More
Claudia Buch, Matthieu Bussière, Linda Goldberg, Robert Hills, (2018), “International transmission of monetary policy via banks: New cross-country evidence from the International Banking Research Network”, VoxEU, 20 Απριλίου The channels through which one country’s monetary policy affects the international economy are still not that well understood. This column presents findings from latest project of the International Banking Research Network, which reveal that monetary policy spillover effects via bank lending are …Read More
Franklin Allen, Itay Goldstein, Julapa Jagtiani, (2018), “The Interplay between Financial Regulations, Resilience, and Growth”, CEPR, Απρίλιος Interconnectedness has been an important source of market failures, leading to the recent financial crisis. Large financial institutions tend to have similar exposures and thus exert externalities on each other through various mechanisms. Regulators have responded by putting more regulations in place with many layers of regulatory complexity, leading to ambiguity and market …Read More
Margareta Drzeniek-Hanouz, (2018), “Rethinking the Twenty-First-Century Economy”, Project Syndicate, 16 Απριλίου With the rise of digital technologies and big data, the global economy is undergoing a fundamental transformation that poses significant challenges to governments and policymakers. Unless tools are developed to measure new sources of value in the real economy, current and future generations’ wellbeing will be in jeopardy. For governments to cope with these mounting pressures, they will need to …Read More
Michael Bordo, Eric Monnet, Alain Naef, (2018), “The limits of central bank cooperation: Evidence from the Gold Pool (1961-1968)”, 18 Απριλίου Central bank cooperation has once again become a central issue amid the Global Crisis and the persistence of global imbalances, but there are few examples of successful cooperation schemes that survived the test of time. This column argues that the Gold Pool of 1961-1968 offers a unique example of …Read More
Miranda Xafa, (2018), “The impact of the Brexit vote on European Capital Markets Union”, VoxEU, 18 Απριλίου The Brexit vote was a clear setback in the effort to integrate European capital markets. It slowed down the implementation of the Capital Markets Union agenda to avoid pre-empting the Brexit negotiations, and risks an inefficient break-up in the activities of clearing houses that deal in euro-denominated securities. This column, the second in …Read More
