Schoenmaker, Dirk, Wolff, Guntram, (2015), “Options for European deposit insurance”, Voxeu, 30 Οκτωβρίου The five presidents’ report on Completing Europe’s Economic and Monetary Union in June this year called for European Deposit Insurance to complete the Banking Union. European Council President Tusk also called for completing banking union by creating a European deposit insurance and he argued that this could be done without treaty change. Σχετικές Αναρτήσεις Schoenmaker, Dirk, Wolff, Guntram, (2015), …Read More
Doing Business 2016-Measuring Regulatory Quality and Efficiency
World Bank, (2015), “Doing Business 2016-Measuring Regulatory Quality and Efficiency”, World Bank Group Publications, 27 Οκτωβρίου Societies need regulation—and businesses, as part of society, are no exception. Without the rules that underpin their establishment, operation and dissolution, modern businesses cannot exist. And where markets left to themselves would produce poor outcomes, well-designed regulation can ensure outcomes that are socially optimal and likely to leave everyone better off. Σχετικές Αναρτήσεις Doing Business 2015: Going Beyond Efficiency, Comparing Business Regulations for …Read More
Between Debt and the Devil: Money, Credit, and Fixing Global Finance
Turner, Adair, (2015), “Between Debt and the Devil: Money, Credit, and Fixing Global Finance”, Princeton University Press, Οκτώβριος. Between Debt and the Devil challenges the belief that we need credit growth to fuel economic growth, and that rising debt is okay as long as inflation remains low. In fact, most credit is not needed for economic growth—but it drives real estate booms and busts and leads to financial crisis and …Read More
Βιβλιοθήκη » EE » Οικονομία » Βιβλία
The quest for banking stability in the euro area: The role of government interventions
Kizys, Renatas, Paltalidis, Nikos, Vergos, Konstantinos, (2015), “The quest for banking stability in the euro area: The role of government interventions”, Journal of International Financial Markets, Institutions and Money, 25 Σεπτεμβρίου. We build upon a Markov-Switching Bayesian Vector Autoregression (MSBVAR) model to study how the credit default swaps market in the euro area becomes an important chain in the propagation of shocks through the entire financial system. The study sheds light on the regime-dependent interconnectedness between …Read More
Βιβλιοθήκη » EE » Οικονομία » Πολιτική » Επιστημονικά Άρθρα
Economic crises and mortality
Ruhm, Christopher J., (2015), “Economic crises and mortality”, Voxeu, 29 Οκτωβρίου. Conventional wisdom tells us that health deteriorates when the economy weakens and improves when it strengthens. Some research tentatively agrees, but there is a marked dearth of challenges and robust research. This column presents new evidence suggesting that the reductions in mortality occurring during typical economic downturns also occur in periods of crisis, adding useful caveats for different types of …Read More
Βιβλιοθήκη » EE » Κοινωνία » Οικονομία » Κείμενα Πολιτικής
Selected Takeaways from the ECB’s Sintra Forum on “Inflation and Unemployment in Europe”
Constâncio, Vítor, Hartmann, Philipp, Tristani, Oreste, (2015), “Selected Takeaways from the ECB’s Sintra Forum on “Inflation and Unemployment in Europe” “, Voxeu, 28 Οκτωβρίου. Today the European Central Bank publishes the proceedings of its 2015 Sintra Forum on Central Banking (ECB 2015). In this column the organisers highlight some of the main points from the discussions, including the candid debate between Forum participants that favour a faster pace of structural reforms and the …Read More
Βιβλιοθήκη » EE » Οικονομία » Πολιτική » Κείμενα Πολιτικής
The contribution of the wage structure to early retirement behaviour
Frimmel, Wolfgang, Winter-Ebmer, Rudolf, (2015), “The contribution of the wage structure to early retirement behaviour”, Voxeu, 28 Οκτωβρίου. The literature on retirement age has tended to focus on the supply side of the labour market. Using Austrian data, this column examines how firms can influence workers’ retirement decisions through wage structure. Deferred compensations schemes characterised by steeper seniority-wage profiles are found to be associated with workers retiring earlier. Given that early labour …Read More
Βιβλιοθήκη » EE » Κοινωνία » Οικονομία » Άρθρα Γνώμης
Could Europe’s next growth locomotive be Made in Italy?
Terzi, Alessio, (2015), “Could Europe’s next growth locomotive be Made in Italy?”, Bruegel Institute, 27 Οκτωβρίου Important reforms put in place over the past months, combined with a conjunction of particularly supportive external factors, mean that Italy could indeed become the fastest growing large economy in the euro area in a not-too-distant future. Σχετικές Αναρτήσεις O’Neill, J. (2014) “A Crazy Idea About Italy“, Bloomberg View, 05 Νοεμβρίου. Mazzolini, G. & …Read More
Βιβλιοθήκη » EE » Οικονομία » Άρθρα Γνώμης
Key Findings: Social Justice in the EU – Index Report 2015-Social Inclusion Monitor Europe
Schraad-Tischler, Daniel, (2015), “Key Findings: Social Justice in the EU – Index Report 2015-Social Inclusion Monitor Europe”, Bertelsmann Stiftung, Οκτώβριος The Bertelsmann Stiftung conducts an annual study of developments in opportunities for social participation in all 28 EU member states. Despite economic recovery, the gap between young and old is growing and the social divide between northern and southern Europe remains immense. Σχετικές Αναρτήσεις Schraad-Tischler, D. & Krol, C. (2014) “Social …Read More
Βιβλιοθήκη » EE » Κοινωνία » Οικονομία » Εκθέσεις-Μελέτες
The Great Financial Plumbing: From Northern Rock to Banking Union
Lannoo, Karel, (2015), “The Great Financial Plumbing: From Northern Rock to Banking Union”, CEPS Paperbacks, 19 Οκτωβρίου The financial and economic crises have led to an enormous plumbing exercise, involving a fundamental re-design of the global and European regulatory and supervisory system. This book systematically assesses the big items on the G-20 and EU agendas and the effectiveness with which they have been implemented in the EU. Its publication coincides …Read More
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