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Προτάσεις πρόσφατων δημοσιεύσεων

20 years of the European single market: growth effects of EU integration

Petersen, Τ. (2014) “20 years of the European single market: growth effects of EU integration“, Policy Brief 2014/02, Future Social Market Economy, Bertelsmann Stiftung, 29 Ιουλίου.   The ongoing European integration has increased the economic growth of participating national economies. Calculating the cumulative gains in the real gross domestic product per capita resulting from the integration of Europe between 1992 and 2012, every national economy under consideration realized income gains …Read More

Why Institutions Matter in the Eurozone

Thillaye, R., Kouba, L. & Sachs, A. (2014) “Why Institutions Matter in the Eurozone“, Policy Network Publications, 17 Ιουλίου.   Reforming EU Economic Governance The debate about the Eurozone’s future usually centres on a clash between economics and politics. Giving the EU greater oversight powers and more spending capacity is said to be the only viable long run solution, but there is little popular appetite for this option. As a …Read More

What’s in a European Commission President?

Salamone, A. (2014) “What’s in a European Commission President?“, Britain’s Europe Blog, 25 Ιουλίου.   The next President of the European Commission faces a number of obstacles to a successful term of office. Political and institutional challenges, ranging from the power of the Council and the Parliament to the difficulty in building unity in the Commission, stand in the way of the President’s goals for the EU. In order to …Read More

Official discussions on Greece’s 5th program review to incept in mid-September: Key items on the agenda

Petropoulou, P. (2014) “Official discussions on Greece’s 5th program review to incept in mid-September: Key items on the agenda“, Eurobank – Greece Macro Monitor, 22 Ιουλίου.   This report takes a close look on a number of quantitative targets and structural benchmarks included in the agenda of the 5th review of Greece’s adjustment program, expected to commence in mid-September. It also provides an overview of the progress already made by …Read More

Asset-backed securities: The key to unlocking Europe’s credit markets?

Altomonte, C. & Bussoli, P. (2014) “Asset-backed securities: The key to unlocking Europe’s credit markets?“, Bruegel Institute, 24 Ιουλίου.   The European market for asset-backed securities (ABS) has all but closed for business since the start of the economic and financial crisis. ABS (see Box 1) were in fact the first financial assets hit at the onset of the crisis in 2008. The subprime mortgage meltdown caused a deterioration in …Read More

The Real Raw Material of Wealth

Hausmann, R. (2014) “The Real Raw Material of Wealth“, Project Syndicate, 26 Ιουλίου.   Poor countries export raw materials such as cocoa, iron ore, and raw diamonds. Rich countries export – often to those same poor countries – more complex products such as chocolate, cars, and jewels. If poor countries want to get rich, they should stop exporting their resources in raw form and concentrate on adding value to them. …Read More

What Does the 1930s’ Experience Tell Us about the Future of the Eurozone?

Crafts, N. (2014) “What Does the 1930s’ Experience Tell Us about the Future of the Eurozone?“. JCMS: Journal of Common Market Studies, 52: 713–727, Ιούλιος.   If the eurozone follows the precedent of the 1930s, it will not survive. The attractions of escaping from the gold standard then were massive and they point to a strategy of devalue and default for today’s crisis countries. A fully federal Europe with a banking …Read More

Ελληνική Οικονομία – Εβδομαδιαίο Δελτίο Οικονομικών Εξελίξεων

Alpha Bank (2014) “Ελληνική Οικονομία – Εβδομαδιαίο Δελτίο Οικονομικών Εξελίξεων“, Διεύθυνση Οικονομικών Μελετών, 25 Ιουλίου.   Το Σχέδιο Αναδιάρθρωσης της AlphaBank εγκρίθηκε από την Ευρωπαϊκή Επιτροπή: Στον τομέα της συνεχιζόμενης διαδικασίας για την αποκατάσταση της κεφαλαιακής βάσης, την αναγκαία αναδιάρθρωση και, τελικά, για την αποκατάστασης της ομαλής λειτουργίας του τραπεζικού συστήματος της χώρας, επισημαίνεται η έγκαιρη έγκριση από την Ευρωπαϊκή Επιτροπή (Γενική Διεύθυνση Ανταγωνισμού) την 9η Ιουλίου 2014 του Σχεδίου …Read More

When arm’s length is too far

Beck, Τ., Degryse, H., De Haas, R. & Van Horen, N. (2014) “When arm’s length is too far“, VoxEU Organisation, 25 Ιουλίου.   The small and medium-size enterprises (SMEs) were among the most severely affected in the Global Crisis. This column discusses new evidence on how different lending techniques affect lending in bad and good times. Data from 21 countries in central and eastern Europe show that ‘relationship lending’ alleviates …Read More

World Economic Outlook, An Uneven Global Recovery Continues

International Monetary Fund (2014) “World Economic Outlook, An Uneven Global Recovery Continues“, WEO Update, Ιούλιος.   The global growth projection for 2014 has been marked down by 0.3 percent to 3.4 percent, reflecting both the legacy of the weak first quarter, particularly in the United States, and a less optimistic outlook for several emerging markets. With somewhat stronger growth expected in some advanced economies next year, the global growth projection …Read More