Muro, D. & Vidal, G. (2014) “Mind the Gaps: The Political Consequences of the Great Recession in Europe“, Eurocrisis in the Press, LSE EUROPP, 10 June. The financial crisis that started in 2008 had an unanticipated magnitude. What at first glance appeared as a manageable frailty of the financial sector rapidly derived into a Great Recession with on-going continuity into 2014. The enlargement of a gap or, rather, three …Read More
Micossi, S. (2014) “Bail-in rules in EU banking union and financial stability“, VoxEU Organisation, 05 Ιουνίου. The European banking union is in pressing need of a unified banking resolution mechanism, but public bail-in has become increasingly unpopular. This column details new legislation towards a single resolution mechanism in the EU that minimises public exposure. The shareholders of an insolvent bank will be the first to take the hit, followed …Read More
Haughton, Τ. & Novotna, T. (2014) “The European elections in Central and Eastern EU states illustrate that the rise of Euroscepticism was far from uniform across Europe“, LSE EUROPP Blog, 29 May. The key story to emerge from the European elections in countries like France and the UK was the rise of Euroscepticism, but does this narrative apply to all countries across Europe? Tim Haughton and Tereza Novotna present …Read More
Piedrafita, S. & Lauenroth, A. (2014) “Between Apathy and Anger: Challenges to the Union from the 2014 Elections to the European Parliament“, Politics and Institutions, EPIN Papers, 20 May. This EPIN study brings together contributions from a broad selection of member states and provides insightful analysis into the 2014 elections to the European Parliament on the ground. The report reveals the different factors that impede the development of genuine …Read More
Ignatowski, M. & Korte, J. (2014) “Resolution threats and bank discipline“, VoxEU Organisation, 20 May. Can a tightening in the bank resolution regime introduce more prudent bank behaviour? This column reviews some arguments for why this could be the case. It presents evidence linking changes in bank resolution regimes with bank behaviour. Tightening of US bank resolution significantly decreased the overall risk-taking of the most affected banks. This effect, …Read More
Saurugger, S. (2014) “Europeanisation in Times of Crisis“, Political Studies Review, 12: 181–192. The aim of this article is to analyse the strengths and weaknesses of Europeanisation studies when used to study periods of crisis. The conceptual consensus surrounding the definition of ‘Europeanisation’, understood as the impact of European integration at the domestic level (the so-called ‘top-down approach’), is put under pressure in a crisis situation, where the salience of …Read More
Burgoon, Β., Demetriades, P. & Underhill, G. R.D. (2012) “Sources and legitimacy of financial liberalization“, European Journal of Political Economy, Vol. 28, Issue 2, June 2012, pp. 147-161. This article seeks to clarify how we understand domestic and international sources of globalization and specifically how we explain financial liberalization across countries. The article also develops our understanding of the underlying legitimacy of financial liberalization. We debate e.g. Abiad and …Read More
Acemoglu, D., Naidu, S., Robinson, A. J. & Restrepo, P. (2014) “Democracy causes economic development?“, VoxEU Organisation, 19 May. Many analysts view democracy as a neutral or negative factor for growth. This column discusses new evidence showing that democracy has a robust and sizable pro-growth effect. The central estimates suggest that a country that switches from non-democracy to democracy achieves about 20% higher GDP per capita over the subsequent …Read More
Véron, N. (2014) “How unequal is the European Parliament’s representation?“, Bruegel Think Tank, 16 May. The European Parliament election of May 22-25, 2014 has several unprecedented features. It is the first election under the Lisbon Treaty. As a consequence, and for the first time, the main pan-European parties – including the center-right European Peoples’ Party (EPP) and the center-left Socialists and Democrats (S&D) – are fielding lead candidates for …Read More
McDougall, O. & Mody, A. (2014) “Will voters turnout in the 2014 European parliamentary elections?”, Bruegel Think Tank, 16 May. The extent of voter turnout in the 2014 European Parliamentary (EP) election is widely viewed as a critical test for European democracy. Turnout in the EP elections has steadily declined over three decades from 62 percent in the first election in 1979 to 43 percent in the 2009 election. …Read More
