Véron, Nicolas, (2015), “Europe’s capital markets union and the new single market challenge”, Voxeu, 8 Οκτωβρίου The EU has started conversations on a capital markets union, raising questions about integration of services such as finance. This column argues that regulated services are especially important for the European economy. Europeans will eventually be faced with a choice between maintaining sovereignty and building a single market. Whereas the ‘old’ single market in goods …Read More

Turner, Adair, (2015), “Why We Need More Radical Policies To Kickstart Global Growth”, Social Europe Journal, 7 Οκτωβρίου For two years, financial markets have repeated the same error – predicting that US interest rates will rise within about six months, only to see the horizon recede. This serial misjudgment is the result not of unforeseeable events, but of a failure to grasp the strength and global nature of the deflationary …Read More

Bloomberg View, (2015), “Europe’s Robin Hood Tax Is a Risky Proposal”, 5 Οκτωβρίου It has been called a Robin Hood tax (a term favored by acolytes of British Labour leader Jeremy Corbyn) and a Tobin Tax, after the Yale economist James Tobin who popularized it. Whatever the name, a tax on financial transactions first proposed in 1936 by John Maynard Keynes may soon become a reality in 11 European countries. Σχετικές …Read More

Acharya, Viral, Cecchetti, Stephen, De Gregorio, José, Kalemli-Ozcan, Sebnem, R. Lane, Philip, Panizza, Ugo, (2015), “Emerging economy corporate debt: The threat to financial stability”, Voxeu, 5 Οκτωβρίου Emerging market firms have borrowed in foreign currency to take advantage of low interest rates. This column argues that when the Fed inevitably raises rates, such borrowing will be a threat to emerging economy financial systems. Yet so long as authorities use their existing prudential tools wisely, the risks appear manageable. Σχετικές Αναρτήσεις Boughton, …Read More