Dombrovskis, Valdis, (2016), “What next for Europe’s banking system?”, Bruegel, 15 Νοεμβρίου Speech by Vice-President Valdis Dombrovskis at Bruegel on 15 November 2016 Σχετικές Αναρτήσεις De Groen, Willem Pieter, Gros, Daniel, (2016), “European banks under stress (tests): Which remain the most resilient?”, CEPS, 11 Αυγούστου Stanislas de Finance, Risto Nieminen, (2016), “Testing the resilience of banking union”, European Added Value Unit PE 558.778, Απρίλιος
Trade Costs of Sovereign Debt Restructurings: Does a Market-Friendly Approach Improve the Outcome?
Asonuma, Tamon, Chamon, Marcos, Sasahara, Akira, (2016), “Trade Costs of Sovereign Debt Restructurings: Does a Market-Friendly Approach Improve the Outcome?”, IMF Working Paper 16/222, 16 Νοεμβρίου Sovereign debt restructurings have been shown to influence the dynamics of imports and exports. This paper shows that the impact can vary substantially depending on whether the restructuring takes place preemptively without missing payments to creditors, or whether it takes place after a default has …Read More
Business Cycle Synchronization in the EMU: Core vs. Periphery
Belke, Ansgar, Domnick, Clemens, Gros, Daniel, (2016), “Business Cycle Synchronization in the EMU: Core vs. Periphery”, CEPS, 14 Νοεμβρίου This paper examines business cycle synchronization in the European Monetary Union with a special focus on the core-periphery pattern in the aftermath of the crisis. Using a quarterly index for business cycle synchronization by Cerqueira (2013), our panel data estimates suggest that it is countries belonging to the core that are …Read More
Can Reforms Promoting Growth Increase Financial Fragility? An Empirical Assessment
Caldera Sánchez, Aida, Gori, Filippo, (2016), “Can Reforms Promoting Growth Increase Financial Fragility? An Empirical Assessment”, OECD ECONOMICS DEPARTMENT WORKING PAPERS No. 1340, 16 Νοεμβρίου Certain growth-promoting policies can have negative side-effects by increasing the vulnerability of economies to financial crises. Typical examples are greater openness to financial flows or more liberalised financial markets. This paper investigates whether the growth benefits of policy reforms in these growthenhancing areas, and others such as …Read More
Highlights from the 1st ECB Annual Research Conference
Dedola, Luca, Laeven, Luc, (2016), “Highlights from the 1st ECB Annual Research Conference”, VoxEu, 15 Νοεμβρίου In September 2016, the ECB held its first Annual Research Conference. This column surveys the contributions to the conference, which brought together policymakers and academics from around the world to promote discussion of topics at the forefront of monetary and financial economic research. Nobel laureate Eric Maskin gave the keynote lecture, addressing whether fiscal …Read More
Βιβλιοθήκη » EE » Οικονομία » Άρθρα Γνώμης
Long-Term Unemployment After the Great Recession: Causes and remedies
Bentolila, Samuel, Jansen, Marcel, (2016), “Long-Term Unemployment After the Great Recession: Causes and remedies”, VoxEu, 14 Νοεμβρίου This eBook examines the rise of long-term unemployment in post-recession Europe and examines its causes and the measures taken to address it. Σχετικές Αναρτήσεις Heidenreich, Martin, (2015), “The end of the honeymoon: The increasing differentiation of (long-term) unemployment risks in Europe”, Journal of European Social Policy, Issue 4, Volume 25, pp. 393-413, Οκτώβριος Katz, …Read More
Βιβλιοθήκη » EE » Οικονομία » Βιβλία
No smoking gun: Private shareholders, governance rules, and central bank financial behaviour
Bartels, Bernhard, Eichengreen, Barry, Weder di Mauro, Beatrice, (2016), “No smoking gun: Private shareholders, governance rules, and central bank financial behaviour”, VoxEu, 14 Νοεμβρίου Recent events have heightened concerns that central banks with private shareholders might differ in their financial behaviour from purely public central banks, perhaps focusing excessively on profits, dividends, and risks to their balance sheets. Using information on shareholding and new data on governance rules for 35 …Read More
Financial globalisation and monetary policy effectiveness
Georgiadis, Georgios, Mehl, Arnaud, (2016), “Financial globalisation and monetary policy effectiveness”, VoxEu, 14 Νοεμβρίου In theory, financial globalisation has ambiguous effects on monetary policy. It may dampen effectiveness, but it may also amplify it through exchange rate valuation effects. This column shows evidence that the latter effect has dominated since the 1990s. Financial globalisation has increased the output effect of a tightening in monetary policy by as much as 25%. …Read More
Με χαλάρωση κριτηρίων θα συνεχίσει η ΕΚΤ το QE και μετά τον Μάρτιο
Canepa, Francesco, Siebeit, Frank, (2016), “Με χαλάρωση κριτηρίων θα συνεχίσει η ΕΚΤ το QE και μετά τον Μάρτιο”, Καθημερινή, 12 Νοεμβρίου Η Ευρωπαϊκή Κεντρική Τράπεζα (ΕΚΤ) είναι σχεδόν βέβαιο πως θα συνεχίσει μετά τον Μάρτιο να αγοράζει κρατικά ομόλογα της Ευρωζώνης και σκοπεύει να χαλαρώσει τα κριτήρια που ισχύουν στην επιλογή των ομολόγων αυτών προκειμένου να εκπληρώσει τους στόχους του συγκεκριμένου προγράμματος. Αυτό αποκάλυψαν πηγές στην ΕΚΤ, αν και η …Read More
Βιβλιοθήκη » EE » Οικονομία » Άρθρα Γνώμης
Are advanced economies at risk of falling into debt traps?
Dabrowski, Marek, (2016), “Are advanced economies at risk of falling into debt traps?”, Bruegel, 10 Νοεμβρίου One of the consequences of the global financial crisis has been rapid growth in public debt in most advanced economies. This Policy Contribution assesses the size of public debt in advanced economies and considers the potential consequences of sovereign insolvency. Σχετικές Αναρτήσεις Jaramillo, Laura, Mulas-Granados, Carlos, Kimani, Elijah, (2016), “The Blind Side of Public Debt …Read More