Swaha Pattanaik, (2019), “Imagine choosing Mario Draghi’s successor on merit”, Reuters, 29 May Imagine, for a moment, that the next head of the European Central Bank was chosen on merit. In reality, the process of selecting Mario Draghi’s successor is likely to involve a complex tug of war between rival governments as they carve up the European Union’s top jobs. But as Finnish central bank chief Olli Rehn told a …Read More

Esa Jokivuolle and George P. Pennacch, (2019), “How to design the European Deposit Insurance Scheme”, VoxEU, 31 Μαϊου Much of financial regulation has been focusing on adequately pricing risk taking by lenders. This column argues that a multinational deposit insurance system such as the proposed European Deposit Insurance Scheme has important advantages, but can also create conflicts among its member nations due to potential deposit insurance subsidies that differ across …Read More

Lucrezia Reichlin, (2019), “The ECB’s Changing of the Guard”, Project Syndicate, 27 Μαϊου After steering the eurozone through a decade of crises, the top leaders of the European Central Bank are now on their way out. Their successors will face both similar and new challenges, and whether they confront them as effectively will depend on European national governments picking the right women and men for the job. Σχετικές Αναρτήσεις Stefan …Read More

Huizing, Harry and Laeven Luc (2019), “The procyclicality of banking in the euro area“, VOX CEPR Policy Portal, Mάιος A high procyclicality of banks’ loan loss provisioning is undesirable from a financial stability perspective, as it implies that bank capitalisations are more negatively affected at the trough of the business cycle, exactly when capital market conditions for banks are at their weakest. This column finds that provisioning procyclicality in the euro …Read More

James, Harold (2019), “Game of EU Thrones” , The Project-Syndicate.org, Μάιος The European Parliament election was a long and complex story with a surprising and, for many, unsatisfactory outcome. Yet notwithstanding the muddled conclusion, a new European political order seems to be emerging – one that is likely to leave traditional parties of both the left and the right behind. Σχετικές Αναρτήσεις Daniel Gros, (2019), «Europe’s Silent Majority», CEPS, Mάιος 27 Ryan …Read More

Maria Demertzis, (2019), “Ευρωεκλογές και το μέλλον της Ευρώπης”, Bruegel, 28 Μαϊου Είναι γεγονός ότι οι τωρινές εκλογές λόγω της ανάπτυξης των κομμάτων του λαϊκισμού είναι κάπως διαφορετικές από τις προηγούμενες. Αλλά πιστεύω ότι όλες οι εκλογικές διαδικασίες, εθνικές και ευρωπαϊκές, έχουν πάντα πολύ μεγάλη σημασία γιατί θέτουν μια ατζέντα για τα επόμενα πέντε χρόνια και εμείς ως πολίτες καλούμαστε να επιλέξουμε τις σωστές προτεραιότητες και να δώσουμε την εμπιστοσύνη …Read More

Daniel Gros, (2019), “Europe’s Silent Majority”, CEPS, 27 Μαϊου A first key result, perhaps the most important one, of this election is that Europe’s silent majority has finally come out to vote. Opinion polls had shown for some time that confidence in the EU and its institutions had risen to sharply in recent years. But this needed to be validated by actual votes. This has now happened. Voter participation has …Read More