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Democracy without choice: Citizens’ perceptions of government autonomy during the Eurozone crisis

5 May, 2017
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Ruiz-Rufino, Ruben, Alonso, Sonia, (2016), “Democracy without choice: Citizens’ perceptions of government autonomy during the Eurozone crisis”, European Journal of Political Research, 56(2), 320-345, 30 December In this article it is argued that citizens take into account the degree of a government’s political autonomy to implement particular policies when expressing their views on satisfaction with democracy (SWD) but, in order to do so, they need to perceive it. When citizens directly …Read More

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The implications of the euro crisis for democracy

4 May, 2017
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Kriesi, Hanspeter, (2017), “The implications of the euro crisis for democracy”, Journal of European Public Policy, 28 April The question of whether European democracy is in crisis is not new, but is posed in a new way in the shadow of the euro crisis. In the tradition of the studies of democratic support and disaffection and based on data from the European Social Survey 2012, this article analyses the conceptions and …Read More

Library » EU » Economy » Opinion Articles

The use of the Eurosystem’s monetary policy instruments and operational framework since 2012

4 May, 2017
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European Central Bank, (2017), “The use of the Eurosystem’s monetary policy instruments and operational framework since 2012”, ECB, May 2017 The purpose of the Eurosystem operational framework and its monetary policy instruments is to implement the monetary policy decisions of the Governing Council of the European Central Bank (ECB). The task of monetary policy implementation is decentralised and therefore involves, in addition to the ECB, the national central banks (NCBs) of …Read More

Library » EU » Economy » Scientific Articles

Historical amnesia is undermining European democracy

3 May, 2017
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Rubio, Diego, (2017), “Historical amnesia is undermining European democracy”, LSE EUROPP, 3 May Survey evidence suggests there is growing nostalgia toward former authoritarian regimes in a number of European countries. Diego Rubio writes that a degree of historical amnesia is now apparent in European societies, with those individuals who are too young to remember the authoritarian regimes of the past showing more openness toward the creation of authoritarian-like regimes today. He …Read More

Library » EU » Economy » Politics » Opinion Articles

The Banking Union: An Overview and Open Issues

3 May, 2017
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Schoenmaker, Dirk, (2017), “The Banking Union: An Overview and Open Issues”, Bruegel, 2 May The move to European Banking Union involving the supervision and resolution of banks at euro-area level was stimulated by the sovereign debt crisis in the euro area in 2012. However, the long-term objective of Banking Union is dealing with intensified cross-border banking. Relevant Posts Navaretti, Giorgio Barba, Calzolari, Giacomo, Pozzolo, Alberto Franco, (2016), “Sovereign and banking risk: Completing the union and breaking …Read More

Library » EU » Economy » Opinion Articles Policy Papers

Persistent economic slowdown and emergence of debt-ridden borrowers

3 May, 2017
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Kobayashi, Keiichiro, (2017), “Persistent economic slowdown and emergence of debt-ridden borrowers”, VoxEU, 2 May There is concern about the persistent slowdown of economic growth in the aftermath of financial crises. This column presents a framework which shows that excessive debt accumulated by firms and households during a crisis can cause persistent stagnation. Relief from excessive debt has a direct impact on economic growth, whereas unconventional monetary and fiscal policies cannot directly solve …Read More

Library » EU » Economy » Scientific Articles

Italy Is Europe’s Next Big Problem

3 May, 2017
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Giugliano, Ferdinando, (2017), “Italy Is Europe’s Next Big Problem”, Bloomberg View, 2 May Emmanuel Macron looks on course to become France’s new president, ending the threat of a euroskeptic at the Elysee. Even if Macron wins, though, it’ll be too soon to celebrate a new phase of stability in the euro zone. Across the Alps, an economic and political storm is brewing — and there’s no sign anyone can stop it. Relevant …Read More

Library » EU » Economy » Politics » Opinion Articles

Central Bank Legal Frameworks in the Aftermath of the Global Financial Crisis

2 May, 2017
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Khan, Ashraf, (2017), “Central Bank Legal Frameworks in the Aftermath of the Global Financial Crisis”, IMF, 1 May Central banking is subject to ongoing changes, even more so since the Global Financial Crisis. Noteworthy developments include, for instance, the usage of unconventional monetary policies in many advanced economies, which in part, led to significant expansion and diversification of central banks’ balance sheets. Moreover, discussions on the mandates of central banks, …Read More

Library » EU » Economy » Reports

The real economic benefits of easy central bank access: Evidence from the Great French Wine Blight

2 May, 2017
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Bignon, Vincent, Jobst, Clemens, (2017), “The real economic benefits of easy central bank access: Evidence from the Great French Wine Blight”, Vox Eu, 30 April Who should have access to central bank refinancing and which assets should be eligible for central bank operations? As the Bank for International Settlements recently noted in 2013 and 2015, the answers to these questions vary widely among central banks (BIS 2013, BIS-CGFS 2015). Some …Read More

Library » EU » Economy » Opinion Articles

Twenty years on: Is there still a case for Bank of England independence?

2 May, 2017
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Balls, Ed, Stansbury, Anna, (2017), “Twenty years on: Is there still a case for Bank of England independence?”, Vox Eu, 1 May Twenty years ago on 6 May 1997, the Bank of England was made independent by the new Labour government. Alongside the world’s other major central banks, this independence was until recently unchallenged (and unchallengeable): a central pillar of the global consensus on macroeconomic stabilisation. But since the financial …Read More

Library » EU » Economy » Opinion Articles