Eurostat/Annual inflation down to 1.3% in the euro area/17 Ιουλίου 2017 Euro area annual inflation was 1.3% in June 2017, down from 1.4% in May. In June 2016 the rate was 0.1%. European Union annual inflation was 1.4% in June 2017, down from 1.6% in May. A year earlier the rate was 0.1%. These figures come from Eurostat, the statistical office of the European Union. The lowest annual rates were …Read More
Wheatley, Alan, (2017), “Cash Is Dead, Long Live Cash”, Finance & Development, 54(2), Ιούνιος Fewer Nordic banks are using cash in their branches. India recently scrapped 86 percent of its banknotes. Korea plans to stop minting coins by 2020. Online payments are booming. The march toward a cashless society, it seems, is unstoppable. Young people especially, as well as the better off and better educated, are increasingly at ease paying …Read More
Blustein, Paul, (2016), “Laid Low: Inside the Crisis That Overwhelmed Europe and the IMF”, Centre for International Governance Innovation (CIGI), Οκτώβριος The latest book by journalist Paul Blustein to go behind the scenes at the highest levels of global economic policy making, Laid Low chronicles the International Monetary Fund’s role in the euro-zone crisis. Opening with the sensational arrest of IMF Managing Director Dominique Strauss-Kahn during a pivotal point in the crisis, the book …Read More
Wyplosz, Charles, (2017), “Is the Shine Off Macron?”, Project Syndicate, 13 Ιουλίου Emmanuel Macron is on a winning streak. Within a year, he has gone from inexperienced political underdog, with no establishment backing, to President of the French Republic and leader of a newly created political party with an impressive parliamentary majority. Can he keep it up? Σχετικές Αναρτήσεις James, Harold, (2017), «The Renewal of Europe’s Center?», Project Syndicate, 5 Ιουνίου …Read More
Καπερναράκου, Κατερίνα, (2017), “Η ΕΚΤ φοβάται να προαναγγείλει πότε θα σταματήσει πλήρως το QE”, Η Καθημερινή, 15 Ιουλίου Η οριστική διακοπή του προγράμματος αγοράς τίτλων προβληματίζει την Ευρωπαϊκή Κεντρική Τράπεζα (ΕΚΤ), η οποία δεν επιδιώκει να ορίσει κάποια συγκεκριμένη ημερομηνία γι’ αυτή. Προτιμά να έχει την ευελιξία να αποφασίσει, παρακολουθώντας τα οικονομικά δεδομένα. Οι μισοί από τους αναλυτές που συμμετείχαν σε δημοσκόπηση του Reuters προβλέπουν ότι τον Σεπτέμβριο η ΕΚΤ …Read More
Buti, Marco, Deroose, Servaas, Leandro, José, Giudice, Gabriele, (2017), “Completing EMU”, VoxEU, 13 Ιουλίου Despite much being done to strengthen the Economic and Monetary Union, it remains incomplete and this is one of the main reasons for the Eurozone’s lacklustre economic performance in the recent years. While there are still diverging views on how to “cross the river”, there is also a political and economic window of opportunity to complete the …Read More
Schoenmaker, Dirk, (2017), “A macro approach to international bank resolution”, Bruegel, 10 Ιουλίου As regulators rush to strengthen banking supervision and implement bank resolution regimes, a macro approach to resolution is needed that considers both the contagion effects of bail-in and the continuing need for a fiscal backstop to the financial system. This can be facilitated through the completion of a banking union in which the European Stability Mechanism (ESM) …Read More
Roubini, Nouriel, (2017), “The New Abnormal in Monetary Policy”, Project Syndicate, 10 Ιουλίου Financial markets are starting to get rattled by the winding down of unconventional monetary policies in many advanced economies. Soon enough, the Bank of Japan (BOJ) and the Swiss National Bank (SNB) will be the only central banks still maintaining unconventional monetary policies for the long term. The US Federal Reserve started phasing out its asset-purchase program (quantitative easing, …Read More
Cazes, Sandrine, Garnero, Andrea, Martin, Sébastien, (2017), “The state of trade unions, employer organisations, and collective bargaining in OECD countries”, VoxEU, 9 Ιουλίου Trade union membership has been declining since the 1980s. Recently, however, there has been renewed interest in the potential of collective bargaining to address rising wealth inequality and poor wage growth. This column presents an OECD report on collective bargaining institutions and practices across member countries and selected …Read More
Krauss, Melvyn, (2017), “Italy’s Bank Bailout Serves German Interests Too”, Bloomberg View, 7 Ιουλίου As Europe’s politicians digest the lessons from Italy’s recent 17 billion euro ($19.34 billion) bailout of two Venetian banks, two schools of opinion have emerged. The majority view is that the bailout, while less than ideal, at least brought greater financial stability to Italy. Σχετικές Αναρτήσεις Setser, Brad W., Smith, Emma, (2017), «Where Does Italy’s Bank …Read More
