Fischer, Stanley, (2015), “What have we learned from the crises of the last 20 years?”, Federalreserve.gov, Speech in the International Monetary Conference in Toronto, 1 June There have been many economic and financial crises since the Mexican crisis that began in December 1994. Michel Camdessus, then Managing Director of the IMF, called the Mexican crisis “the first economic crisis of the twenty first century”–by which he meant that it was the …Read More

Wilson, K., “How to unleash the financing of high growth firms in Europe”, Bruegel, 28 May. Access to capital is critical for SMEs and start-ups. In particular, growth finance is important for young innovative firms, which are the drivers of growth and jobs in the economy. In the context of the European Commission’s efforts to reinvigorate growth in Europe, private sector investment has been high on the agenda through President …Read More

Blanchard, Ol. (2015), “Ten Takeaways from the ‘Rethinking Macro Policy. Progress or Confusion?”,  Voxeu, 25 May. On 15-16 April 2015, the IMF organised the third conference on ‘Rethinking Macro Policy’. In this column, IMF’s Chief Economist Olivier Blanchard presents his personal takeaways from the conference. Though progress in macro policy is undeniable, confusion is unavoidable given the complex issues that remain to be settled.   Σχετικές αναρτήσεις Mortensen, Jorgen, Alcidi …Read More

Benink, Η., Huizinga, Η., (2015), “The ECB’s bond purchase programmes and the limits of national risk-sharing”, www.voxeu.org, 16 May. QE in the Eurozone is unusual in that the risks of sovereign debt defaults are shared between the ECB and the national central banks. This column argues that if such risk sharing were applied to the Outright Monetary Transactions programme, it could potentially create insolvency problems for countries with large public …Read More

Wyplosz, Charles (2015) “The coming defaults of Greece”, 27 April. It seems that there will be no agreement between Greece and its Eurozone partners. Short of cash, the Greek government will have no choice but to suspend payment of its maturing debts. This column looks at what happens next. In brief, it will be very much up to the ECB to decide. Relevant posts Stratos D. Kamenis: Vulture Funds and …Read More