Anastasiou, Dimitrios , Louri, Helen, Tsionas, Mike, (2017), “Non-Performing Loans In The Euro Area: Are Core-Periphery Banking Markets Fragmented?”, Bank Of Greece, Δεκέμβριος 2016 The objective of this study is to examine the causes of non-performing loans (NPLs) in the banking system of the euro area for the period 2003-2013 and distinguish between core and periphery country determinants. The increase in NPLs post crisis has put into question the robustness …Read More
Helicopter money: Loved, not spent
Bright, Ian, Janssen, Senne, (2017), “Helicopter money: Loved, not spent”, Voxeu, 13 Ιανουαρίου 2017 With growth and inflation in Europe remaining low, the idea of helicopter money is slowly gaining traction with politicians and economists alike. This column presents the results of a survey that asked people how, if they were to receive an extra €200 per month to do with as they chose, they would use the money. There was …Read More
Ο μεγαλύτερος πολιτικός κίνδυνος του 2017 για την Ευρωζώνη είναι η Ιταλία
Schmieding, Holger, (2017), “Ο μεγαλύτερος πολιτικός κίνδυνος του 2017 για την Ευρωζώνη είναι η Ιταλία”, Καθημερινή, 11 Ιανουαρίου Μεταξύ των μελών της Ευρωζώνης, η Ιταλία προκαλεί τον μεγαλύτερο πολιτικό κίνδυνο για το 2017, γεγονός που μπορεί να αποσταθεροποιήσει την ήδη εύθραυστη οικονομία της. Από την εμφάνιση αλλά και την πτώση του πρώην πρωθυπουργού Μπερλουσκόνι, η Ιταλία δεν έχει πλέον κάποια δυνατή αλλά και αξιόπιστη κεντροδεξιά δύναμη που μπορεί να εμφανιστεί …Read More
Confusion about the lender of last resort
Bindseil, Ulrich, Laeven, Luc, (2017), “Confusion about the lender of last resort”, Voxeu, 13 Ιανουαρίου 2017 The scale and scope of central bank lender of last resort operations during the Global Crisis raised concerns that central banks may be taking excessive risks and supporting moral hazard. This column argues that criticism of such operations is misguided. In the crisis, central banks did not make financial losses when acting as lender of …Read More
Βιβλιοθήκη » EE » Οικονομία » Άρθρα Γνώμης
European Business Cycle Indicators 4th Quarter 2016
European Commission, (2017), “European Business Cycle Indicators 4th Quarter 2016”, European Commission Publications, Ιανουάριος 2017 The latest EU-wide Investment Survey was conducted in October-November 2016. The results indicate that euro-area and EU real manufacturing investment has risen in 2016 (by 1.2% and 3.1%, respectively) and is foreseen to increase further in 2017 (at rates of 2.4% and 2.7%, respectively). At country level, manufacturing managers assessed their investment in 2016 to have …Read More
The Global Talent Competitiveness Index 2015-16
Lanvin, Bruno, Evans, Paul,(2017), “The Global Talent Competitiveness Index 2015-16”, INSEAD-Adecco Group-HCLI, Ιανουάριος 2017 Since the release of the last edition of the Global Talent Competitiveness Index in January 2015 in Davos, Switzerland, much has changed with regards to talent migration, labour markets, and talent development and flow. Over the last 12 months, the many presentations that were made of the report’s findings around the world have generated significant comments …Read More
Analysis of developments in EU capital flows in the global context (3rd annual report)
Darvas, Zsolt, Efstathiou, Konstantinos, Huttl, Pia, Schoenmaker, Dirk, (2017), “Analysis of developments in EU capital flows in the global context (3rd annual report)”, Bruegel, 10 Ιανουαρίου Free movement of capital, which is one of the four fundamental economic freedoms of the European Union, can enhance welfare if it leads to better allocation of financial and productive resources. However, it can also be a source of vulnerability, with far-reaching spillovers. …Read More
The Age Of Hyper-Uncertainty
Eichengreen, Barry, (2017), “The Age Of Hyper-Uncertainty”, Social Europe, 9 Ιανουαρίου The year 2017 will mark the 40th anniversary of the publication of John Kenneth Galbraith’s The Age of Uncertainty. Forty years is a long time, but it is worth looking back and reminding ourselves of how much Galbraith and his readers had to be uncertain about. In 1977, as Galbraith was writing, the world was still reeling from the effects …Read More
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Debt Sustainability Monitor 2016
European Commission, (2017), “Debt Sustainability Monitor 2016”, European Commission, Ιανουάριος 2017 The economic and financial crisis has left a legacy of high public debt burdens in a number of EU countries, in some cases accompanied by contemporaneously high debt in the private sector, thus making deleveraging more difficult. Furthermore, the current macroeconomic context of moderate GDP growth and very low inflation (well below the ECB objective of below but close …Read More
Can the EU survive in an age of populism?
Gros, Daniel, (2017), “Can the EU survive in an age of populism?”, CEPS, 9 Ιανουαρίου Despite the formidable threats currently facing the EU, Daniel Gros offers reassurances that its multi-level democracy and open economy will become more attractive again once the populists fail to deliver and weakened checks and balances lead to excesses. Another year has passed and another threat to the existence of the European Union is looming. The …Read More
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