Speciale, Alessandro, (2017), “Draghi’s Stimulus Could Blunt Populism as Unemployment Falls”, Bloomberg Markets, 25 Απριλίου Mario Draghi’s stimulus didn’t prevent the rise of populists who want to reject the euro, but it might be taking the edge off the economic pain that fueled their support. The European Central Bank president has pushed through measures that have led the currency bloc out of a double-dip recession and cut unemployment, a key source of …Read More

Collignon, Stefan, Diessner, Sebastian, (2017), “The ECB’s Monetary Dialogue with the European Parliament: Efficiency and Accountability during the Euro Crisis?”, Journal of Common Market Studies, Ιούλιος The monetary dialogue between the European Parliament and the European Central Bank (ECB) is a key component for the democratic accountability of the independent central bank. We provide new evidence for the efficiency of the dialogue and present the results of a survey conducted amongst the …Read More

Scmieding,Holger , Pickering, Kallum , Hense, Florian, (2017), “Οι καταναλωτές στην Ευρωζώνη υποβαθμίζουν τους πολιτικούς κινδύνους”, Καθημερινή, 22 Απριλίου Στις αρχές του 2016 η κατάρρευση των τιμών του πετρελαίου είχε αυξήσει σημαντικά το πραγματικό εισόδημα των καταναλωτών, επιτρέποντάς τους να ξοδέψουν περισσότερα χρήματα για άλλα αγαθά και υπηρεσίες αφού είχε περιοριστεί σημαντικά ο λογαριασμός για πετρέλαιο και φυσικό αέριο. Αυτό που είναι πολύ ενδιαφέρον είναι πως η πρόσφατη άνοδος των τιμών …Read More

Kahn, Robert, (2017), “France After the Election: What Next for Economic Policy in Europe?”, CFR, 24 Απριλίου French election results show Emmanuel Macron in first place with 23.9 percent of the vote and Marine Le Pen in second with 21.4 percent, setting the stage for a run-off election on May 7. Early polls show a comfortable edge for Macron, the pro-E.U. former economy minister who ran on a campaign of …Read More

Abad, Jorge, D’Errico, Marco, Killeen, Neill, Luz, Vera, Peltonen, Tuomas, Portes, Richard, Urbano, Teresa, (2017), “Mapping the interconnectedness between EU banks and shadow banking entities”, Vox EU, 25 Απριλίου 2017 The Global Crisis exposed shortcomings in the assessment of cross-sector and cross-border linkages in the financial system. The interaction of banks and insurance corporations with shadow banking entities led to the amplification of risks and spillovers which were transmitted across sectors …Read More

Demertzis, Maria , Lehmann, Alexander , (2017), “Tackling Europe’s crisis legacy: a comprehensive strategy for bad loans and debt restructuring”, Bruegel, 24 Απριλίου At a current value in excess of €1 trillion, non-performing loans (NPLs) have undermined the recovery in credit and economic growth in the EU since the 2009 financial crisis (Figure 1 and European Commission, 2017). In terms of bank regulation and supervision, the response was initially slow, …Read More

Beck, Thorsten, (2017), “An asset management company for the Eurozone: Time to revive an old idea”,  Vox Eu, 24 Απριλίου The idea of an asset management company for the Eurozone is not new. It is based on the observation that bank fragility across several Eurozone countries, including Ireland, Spain, and Italy, has been at the core of the crisis. In addition, bank fragility has put sovereigns under pressure as well …Read More