Dani Rodrik, (2017), “Rescuing Economics From Neoliberalism”, Social Europe, 17 Νοεμβρίου As even its harshest critics concede, neoliberalism is hard to pin down. In broad terms, it denotes a preference for markets over government, economic incentives over social or cultural norms, and private entrepreneurship over collective or community action. It has been used to describe a wide range of phenomena—from Augusto Pinochet to Margaret Thatcher and Ronald Reagan, from the …Read More

Sami Ben Naceur, Caroline Roulet, (2017), “Basel III and Bank-Lending: Evidence from the United States and Europe”, IMF Working Paper No.17/245, 15 Νοεμβρίου Using data on commercial banks in the United States and Europe, this paper analyses the impact of the new Basel III capital and liquidity regulation on bank-lending following the 2008 financial crisis. We find that U.S. banks reinforce their risk absorption capacities when expanding their credit activities. …Read More

Έφη Τριήρη, (2017), “Δυναμική ανάπτυξη στην Ε.Ε. με στήριξη από την ΕΚΤ”, naftemporiki.gr, 19 Νοεμβρίου Το καλύτερο έτος στη διάρκεια της τελευταίας δεκαετίας αναμένεται να είναι το φετινό για την οικονομία της Ευρωζώνης, η οποία πιστεύεται ότι θα διατηρήσει σταθερή τη δυναμική της και το επόμενο έτος, έχοντας στο πλευρό της την άφθονη ρευστότητα και την υποστηρικτική νομισματική πολιτική της ΕΚΤ. Η οικονομία της Ευρωζώνης είναι απρόσμενα ισχυρή στη διάρκεια …Read More

Nicolas Veron, (2017), “Sovereign Concentration Charges: A New Regime for Banks’ Sovereign Exposures”, Bruegel, 17 Νοεμβρίου Europe’s banking union has been central to the resolution of the euro-area crisis. It has had an encouraging start but remains unfinished business. If it remains in its current halfway-house condition, it may eventually move backwards and fail. EU leaders should seize these opportunities Σχετικές Αναρτήσεις Kizys, Renatas, Paltalidis, Nikos, Vergos, Konstantinos, (2015), «Bailouts …Read More

Mumal Rathore, Shrutee Sarkar, (2017), “Confidence in euro zone expansion strong among economists”, Reuters, 17 Νοεμβρίου The euro zone economy will mark its best year in a decade and maintain solid growth well into 2018, according to economists in a Reuters poll who said the risk was that their forecasts might not be optimistic enough. Inflation, last clocked at 1.4 percent, is expected to stay below the European Central Bank’s target …Read More

Era Dabla-Norris, Pietro Dallari, Tigran Poghosyan, (2017), “Fiscal Spillovers in the Euro Area: Letting the Data Speak”, IMF Working Paper No. 17/241, 15 Νοεμβρίου We estimate a panel VAR model that captures cross-country, dynamic interlinkages for 10 euro area countries using quarterly data for the period 1999-2016. Our analysis suggests that fiscal spillovers are significant and tend to be larger for countries with close trade and financial links as well, as for fiscal …Read More

Kemal Dervis, (2017), “Democracy Beyond the Nation-State”, Project Syndicate, 14 Νοεμβρίου According to the Harvard economist Dani Rodrik, it is impossible to have full national sovereignty, democracy, and globalization simultaneously. The concept of a “political trilemma of the world economy” is useful, but it becomes less binding when one takes into account levels of government above and especially below the nation-state. Σχετικές Αναρτήσεις Harold James, (2017), «Europe’s Hard-Core Problem», Project …Read More