This site is for archive purposes. Please visit www.eliamep.gr for latest updates
Go to Top

Βιβλιοθήκη

Europe’s Pointless Deficit Targets?

Marzinotto, B., (2015), “Europe’s Pointless Deficit Targets?”, Project Syndicate, 3 Ιουνίου. The fiscal rules of the European Union have undergone some much-needed improvements in recent years, but much more needs to be done. In addition to suffering from a lack of clarity on key issues, EU fiscal policy remains overly focused on short-term goals, reflected in its needless emphasis on nominal deficit targets within annual budget cycles. Σχετικές Αναρτήσεις: Daniele, …Read More

What have we learned from the crises of the last 20 years?

Fischer, Stanley, (2015), “What have we learned from the crises of the last 20 years?”, Federalreserve.gov, Ομιλία στο Διεθνές Νομισματικό Συνέδριο του Τορόντο, 1 Ιουνίου There have been many economic and financial crises since the Mexican crisis that began in December 1994. Michel Camdessus, then Managing Director of the IMF, called the Mexican crisis “the first economic crisis of the twenty first century”–by which he meant that it was the …Read More

How to unleash the financing of high growth firms in Europe

Wilson, K., “How to unleash the financing of high growth firms in Europe”, Bruegel, 28 Μαΐου. Access to capital is critical for SMEs and start-ups. In particular, growth finance is important for young innovative firms, which are the drivers of growth and jobs in the economy. In the context of the European Commission’s efforts to reinvigorate growth in Europe, private sector investment has been high on the agenda through President …Read More

Η “υστέρηση” προβληματίζει τους κεντρικούς τραπεζίτες

Ράπτης, Κ., (2015), “Η “υστέρηση” προβληματίζει τους κεντρικούς τραπεζίτες”, www.capital.gr, 27 Μαΐου. Δεν είναι μόνο η ελληνική οικονομία που στοιχειώνει τους ιθύνοντες της ευρωπαϊκής νομισματικής ένωσης αλλά και… η ελληνική γλώσσα. Το φανερώνει αυτό η κεντρική θέση που είχε ο όρος hysteresis στο δεύτερο ετήσιο φόρουμ της ΕΚΤ το οποίο διεξήχθη το Σαββατοκύριακο στο θέρετρο Penha Longa κοντά στη Sintra της Πορτογαλίας –όσο και αν το θέμα της Ελλάδας αποσιωπήθηκε. …Read More

Ten Takeaways from the ‘Rethinking Macro Policy. Progress or Confusion?

Blanchard, Ol. (2015), “Ten Takeaways from the ‘Rethinking Macro Policy. Progress or Confusion?”,  Voxeu, 25 Μαΐου. On 15-16 April 2015, the IMF organised the third conference on ‘Rethinking Macro Policy’. In this column, IMF’s Chief Economist Olivier Blanchard presents his personal takeaways from the conference. Though progress in macro policy is undeniable, confusion is unavoidable given the complex issues that remain to be settled. Πηγή: Voxeu Σχετικές αναρτήσεις Mortensen, Jorgen, Alcidi …Read More

The ECB’s bond purchase programmes and the limits of national risk-sharing

Benink, Η., Huizinga, Η., (2015), “The ECB’s bond purchase programmes and the limits of national risk-sharing”, www.voxeu.org, 16 Μαΐου. QE in the Eurozone is unusual in that the risks of sovereign debt defaults are shared between the ECB and the national central banks. This column argues that if such risk sharing were applied to the Outright Monetary Transactions programme, it could potentially create insolvency problems for countries with large public …Read More

The coming defaults of Greece

Wyplosz, Charles (2015) “The coming defaults of Greece”, 27 Απριλίου. It seems that there will be no agreement between Greece and its Eurozone partners. Short of cash, the Greek government will have no choice but to suspend payment of its maturing debts. This column looks at what happens next. In brief, it will be very much up to the ECB to decide. Σχετικές αναρτήσεις Stratos D. Kamenis: Vulture Funds and …Read More

Ireland’s Lessons for Greece

Heise, Michael, (2015),  “Ireland’s Lessons for Greece”, www.project-syndicate.org, 23 Απριλίου. Greece’s government, led by the left-wing Syriza party, is demanding a new deal from its European creditors, claiming that the bailout program provided by the “troika” (the International Monetary Fund, the European Central Bank, and the European Commission) has plunged their country into a spiral of deflation and austerity. But, while no one disputes that things have gone wrong in …Read More

As Cyprus Recovers From Banking Crisis, Deep Scars Remain

Ewing, J. (2015) “As Cyprus Recovers From Banking Crisis, Deep Scars Remain“, The New York Times: International Business, 16 Μαρτίου.   The financial world has pretty much moved on since Cyprus was briefly the epicenter of market anxiety. Two years ago this month, the country’s banks failed en masse, A.T.M.s were rationing cash, and the integrity of the eurozone hung in the balance. But after a contentious, internationally brokered “bail-in,’’ …Read More

Austerity and recovery: East Asian lessons for Europe

Chari, Α. & Blair Henry, Ρ. (2015) “Austerity and recovery: East Asian lessons for Europe“, VoxEU Organisation, 06 Μαρτίου.   In the wake of the Great Recession, a contentious debate has erupted over whether austerity is helpful or harmful for economic growth. This column compares the experiences of the East Asian countries – whose leaders responded to the East Asian financial crisis with expansionary fiscal policy – with those of …Read More