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Προτάσεις πρόσφατων δημοσιεύσεων

Cash Outflows in Crisis Scenarios

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

The Interplay between Financial Regulations, Resilience, and Growth

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

The effective lower bound and the desirability of gradual interest rate adjustments

Sebastian Schmidt, (2018), «The effective lower bound and the desirability of gradual interest rate adjustments», ECB, Research Bulletin No. 45, 13 Απριλίου The lower bound on nominal interest rates makes it desirable for monetary policy to aim for gradual adjustments of the policy rate in addition to the stabilisation of inflation and the output gap. In a situation where the economy is in recession, inflation is below target, and the …Read More

The post-crisis TFP growth slowdown in CEE countries: exploring the role of Global Value Chains

Francesco Chiacchio, Katerina Gradeva, Paloma Lopez-Garcia, (2018), «The post-crisis TFP growth slowdown in CEE countries: exploring the role of Global Value Chains», Working Paper Series,  No 2143 / Απρίλιος 2018 Using micro-aggregated firm information for nine Central and Eastern European (CEE) countries and data from input-output tables, we examine the role of Global Value Chains (GVCs) for technology diffusion across EU countries. Our empirical results provide support for a two-stage diffusion …Read More

Fostering Institutional Investment in Europe’s Capital Markets: Reality vs. Expectations

Cosmina Amariei, (2018), «Fostering Institutional Investment in Europe’s Capital Markets: Reality vs. Expectations», 2nd Interim Report of the CEPS-ECMI Task Force on Asset Allocation in Europe, ECMI, Brussels, 11 Απριλίου The capacity of insurance companies and pension funds to fulfil their financial obligations to policy holders and beneficiaries continues to be under scrutiny, with additional challenges posed by the prolonged low yield environment and the path towards normalisation of monetary policy …Read More

Σκληρή στάση Βερολίνου για τη μεταμνημονιακή εποπτεία

Δήμητρα Καδδά, (2018), «Σκληρή στάση Βερολίνου για τη μεταμνημονιακή εποπτεία», Capital.gr, 13 Απριλίου Οι πρώτες πληροφορίες πάντως που φτάνουν από τα κράτη του «Βορρά» κάνουν λόγο για διατήρηση του βασικού κορμού των προθέσεων της Γερμανίας αλλά και των υπολοίπων κρατών του «άξονα» περί σύνδεσης των παρεμβάσεων στο χρέος (που θα εξελιχθούν τμηματικά τα επόμενα χρόνια), όχι μόνο με το λεγόμενο «γαλλικό κλειδί» (δηλαδή με την πορεία του ΑΕΠ,  πρόταση για …Read More

The European Dimension of Regional and Cohesion Policies

Daniel Gros, Roberto Musmeci and Marta Pilati, (2018), «The European Dimension of Regional and Cohesion Policies», working paper 3, CEPS, Brussels and Laboratorio LUISS sul Mezzogiorno, Δεκέμβριος 2017 This contribution analyses the state of regional convergence within the European context. It finds that different country groups have had quite different experiences following the financial crisis and that in most cases there has been little convergence across regions within countries. More importantly, the …Read More

Are European firms falling behind in the global corporate research race?

Reinhilde Veugelers, (2018), «Are European firms falling behind in the global corporate research race?», bruegel, 12 Απριλίου Over the last decade, there has been little evidence for increasing concentration in the global R&D landscape. On the contrary, a slight decline is discernible. Slight increasing concentration can only be detected in digital sectors, with in particular the top 1 percent of R&D spending firms in these sectors forging ahead. Although the overall …Read More

How has the first year of the Brexit negotiations affected politics in the EU?

Nicola Chelotti, (2018), «How has the first year of the Brexit negotiations affected politics in the EU?», LSE EUROPP, 12 Απριλίου The Brexit negotiations have coincided with a period of high political uncertainty in the EU27. Across Europe, governments are being confronted with significant challenges, including controversial constitutional reforms (in Poland and Hungary), the persistence of euroscepticism and the continuing (albeit diminished for the moment at least) impact of the …Read More

Σκληρή στάση Βερολίνου για τη μεταμνημονιακή εποπτεία

capital.gr, (2018), «Σκληρή στάση Βερολίνου για τη μεταμνημονιακή εποπτεία»,  13 Απριλίου Χωρίς δηλώσεις και επίσημες τοποθετήσεις έχει προαναγγελθεί ότι θα λάβει χώρα η σημερινή πρώτη κατ ιδίαν συνάντηση του Έλληνα ΥΠΟΙΚ Ευκλείδη Τσακαλώτου και του Γερμανού ομολόγου του Όλαφ Σολτς. Έχει προγραμματιστεί για τις 10:30 τοπική ώρα Βερολίνου και από ελληνικής πλευράς αυτό που αναμένεται/επιχειρείται είναι να ξεδιπλωθούν οι προθέσεις του γερμανικού άξονα για το χρέος, το «γαλλικό κλειδί» και …Read More