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The cash comeback: Evidence and possible explanations

Clemens Jobst, Helmut Stix, (2017), «The cash comeback: Evidence and possible explanations», VoxEU, 29 Νοεμβρίου Many societies in the developed world have been shifting away from cash towards electronic alternatives. Despite this, there has been a remarkable increase in currency holdings over the past decade. This column looks at the evolution of cash holdings over time to shed light on this apparent contradiction. While circulating currency over GDP has been …Read More

From The Gothenburg Social Summit To A European Social Union

Frank Vandenbroucke, (2017), «From The Gothenburg Social Summit To A European Social Union», Social Europe, 27 Νοεμβρίου On 17 November, the European Parliament, Council and Commission proclaimed a European Pillar of Social Rights in Gothenburg. The launch of the Pillar signals a cautious but steady paradigm shift, away from austerity, at least at the level of the Commission. But will it lead to tangible results? Σχετικές Αναρτήσεις Jeffrey D. Sacks, (2017),  «A New Grand Coalition …Read More

A New Grand Coalition for Germany – and Europe

Jeffrey D. Sacks, (2017),  «A New Grand Coalition for Germany – and Europe» , Project Syndicate, 28 Νοεμβρίου ΝΕW YORK – Friends of Germany and Europe around the world have been breathing a sigh of relief at the newfound willingness of Germany’s Christian Democrats and Social Democrats (SPD) to discuss reprising their grand coalition government. The world needs a strong and forward-looking Germany in a dynamic European Union. A new grand …Read More

Europe Needs a Way to Prevent the Next Greek-Style Debt Crisis

Ferdinando Giugliano,(2017), «Europe Needs a Way to Prevent the Next Greek-Style Debt Crisis», BloombergView, 29 Νοέμβριου If there was ever a textbook example of how not to handle a sovereign debt crisis, it was Greece. Nearly a decade since Athens first asked for help from its euro zone partners and the International Monetary Fund, the Greek economy is still struggling to recover. Even after a steep restructuring, sovereign debt remains unsustainable. …Read More

Eurosystem oversight report 2016

European Central Bank, (2017), «Eurosystem oversight report 2016»,  Nοέμβριος The safety and efficiency of financial market infrastructures (FMIs) are critical for the proper functioning of financial markets and the economy more generally. In particular, the safety aspect of such payment, clearing and settlement systems has been a key focus for central bank overseers and other authorities in recent years, at both euro area level and beyond. Significant effort has been …Read More

Quality enhancements in Government Finance Statistics since the introduction of the euro

Henri Maurer, Sascha Keweloh, (2017), «Quality enhancements in Government Finance Statistics since the introduction of the euro»,  European Central Bank, Statistics Paper Series, No 26 / Nοέμβριος 2017 This paper reviews the development of the quality of the main fiscal data released through the Excessive Deficit Procedures (EDP) since the euro’s introduction. As such, this paper presents the outcome of various econometric tests based on all the vintages of the annual main …Read More

From recovery to sustainable growth

European Investment Bank, (2017), «From recovery to sustainable growth», Investment Report 2017/2018 The Investment Report is designed to serve as a monitoring tool providing a comprehensive overview of the developments and drivers of investment and its finance in the EU. It combines an analysis and understanding of key market trends and developments with a more in-depth thematic focus, which this year is devoted to the impact of financial constraints on investment dynamics. A new …Read More

The use of cash by households in the euro area

Henk Esselink, Lola Hernández, (2017), «The use of cash by households in the euro area», European Central Bank, Occasional Paper Series, No 201 / November 2017 Although euro banknotes and coins have been in circulation for fifteen years, not much is known about the actual use of cash by households. This paper presents an estimation of the number and value of cash transactions in all 19 euro area countries in 2016, based on survey results. It …Read More

A Blueprint for Completing the Banking Union

Stefano Micossi, (2017), «A Blueprint for Completing the Banking Union», CEPS Policy Insights No 2017/42, Νοέμβριος Completing the banking union is an urgent project facing the EU, given the Εurozone’s continued vulnerability to idiosyncratic liquidity shocks to national banking systems. The proposed changes to the European deposit insurance scheme (EDIS) under consideration by the European Commission could open the way to a satisfactory compromise between the twin needs to reduce …Read More

Υψηλή ανταγωνιστικότητα για τις ιταλικές εξαγωγές

Η Καθημερινή, (2017), «Υψηλή ανταγωνιστικότητα για τις ιταλικές εξαγωγές», 25 Νοεμβρίου Η Ιταλία έρχεται δεύτερη σε ανταγωνιστικότητα μετά τη Γερμανία στο διεθνές εμπόριο, τα τελευταία 10 χρόνια, από τότε δηλαδή που άρχισε να καταγράφει τα σχετικά στοιχεία η UNCTAD, υπηρεσία των Ηνωμένων Εθνών για το εμπόριο σε συνεργασία με τον ΠΟΕ. Καταλαμβάνει, μάλιστα, την πρώτη θέση σε ανταγωνιστικότητα ως προς δύο επιμέρους τομείς του διεθνούς εμπορίου: την ένδυση και τα …Read More