IMF, (2013), “Spain: Financial Sector Reform—Fourth Progress Report”, International Monetary Fund, Country Report No. 13/331, 22 Νοεμβρίου. Implementation of Spain’s financial sector program remains on track. Essentially all measures specified in the program have now been implemented, as envisaged under its front-loaded timetable. Of note, capital-augmentation measures arising from last year’s stress test are now complete, SAREB has almost concluded its organizational development and is now accelerating the liquidation of …Read More

Dobbs, R., Lund, S., Koller, T. and Shwayder, A., (2013), “QE and ultra-low interest rates: Distributional effects and risks”, McKinsey Global Institute, Discussion Paper, Νοέμβριος. There is widespread consensus that the conventional and unconventional monetary policies that world’s major central banks implemented in response to the global financial crisis prevented a deeper recession and higher unemployment than there otherwise would have been. These measures, along with a lack of demand …Read More

Thompson, S., (2013), “States of uncertainty: Youth unemployment in Europe”, Institute for Public Policy Research, Νοέμβριος. Using new statistical analysis of the youth unemployment picture across Europe, this report assesses the different roles played by education and training, business behaviour and labour market institutions in young people’s transitions from compulsory schooling to suitable employment. Youth unemployment has increased substantially in most European countries since the 2008–2009 financial crisis, reaching 5.5 …Read More