Shen, Dennis, (2016), “Central banks are facing a crisis of confidence – it’s time to reinvent global monetary policy”, LSE Europpblog, 6 October Since the financial crisis, central banks have taken on a far more significant role in economic management. But with diminishing returns of and unintended consequences from existing policies, monetary policy now faces a crisis of confidence. Dennis Shen explores policy innovations that could support global central banks battling …Read More

Scheubel, Beatrice, Stracca, Livio, (2016), “What we really know about the global financial safety net”, VoxEu, 4 Οctober The global financial safety net is one of the key infrastructures of financial globalization. However, its current constellation does not reflect a coherent design, but rather the interaction of different instruments used for different purposes and developed over time. This column presents the first database that brings together all of the relevant …Read More

Jacob Funk Kirkegaard, (2016), “What Deutsche Bank’s Troubles Tell Us about the Health of Europe’s Banking System”, Peterson Institute for International Economics, 30 September The stock of Germany’s largest bank, Deutsche Bank, is currently trading at multi-decade lows and the bank is edging closer to suffering a general crisis of confidence, which could see investors pull their business from the bank and even depositors wanting their money out. We are not …Read More

Ariu, Andrea, (2016), “Crisis-proof services”, VoxEU, 3 Οctober Following the failure of Lehman Brothers in September 2008, trade in goods experienced the steepest decline ever recorded, with both exports and imports dropping four times more than income (Freund 2009, Levchenko et al. 2010). The fall was severe, highly synchronised across countries, and mostly concentrated in the category of durable goods (Baldwin 2009). Surprisingly, trade in services was relatively unaffected by the …Read More