Sander, H. (2015) “The ‘Juncker plan’ does not offer a genuine route to boosting the Eurozone’s recovery“, LSE EUROPP, 19 March. On 10 March, EU finance ministers agreed to roll out Jean-Claude Juncker’s flagship investment programme, commonly termed the ‘Juncker plan’. Harald Sander writes on the economic impact the plan could have in the Eurozone. He argues that while it has been portrayed by some observers as a route …Read More
Kowalsky, W. (2015) “Where Now For The Europe 2020 Strategy?”, Social Europe Journal, 18 March. Does the Commission take unemployment as a serious challenge? What future for the Europe 2020 strategy? A few comments on European Commission: “Results of the public consultation on the Europe 2020 strategy for smart, sustainable and inclusive growth” This new note from the European Commission is clearly a step further down the road towards …Read More
Cash, B. (2015) “With or without them“, The European Magazine, 18 March. The UK is not an obstacle to harmony and stability. It is the EU integrationists who generate economic and democratic instability. Times change. I supported our continuing British membership in the Referendum of 1975, and I voted for the Single European Act in 1986. When we joined what would become the EU, we were led to believe it …Read More
Oberndorfer, L. (2015) “How The Troika Breaches EU Law“, Social Europe Journal, 18 March. How did the troika come about formally? In 2010 it became apparent that the European constitution offers no clues as to how one should handle financial crises on this scale. So, instead of setting in train the democratic procedures designed to do this, EU law swiftly went out of the window and one seized on …Read More
Marino, B. (2015) “Liberal-democratic parties face unprecedented challenges, but remain a viable part of European party systems“, LSE EUROPP, 18 March. Liberal-democratic parties have been a stable feature of several party systems in Europe, but in recent years parties such as the Liberal Democrats in the UK and the FDP in Germany have experienced significant downturns in support. Bruno Marino assesses the challenges that such parties now face in …Read More
Vives, X. (2015) “A framework for banking structural reform, VoxEU Organisation, 17 March. The 2007–08 crisis revealed regulatory failures that had allowed the shadow banking system and systemic risk to grow unchecked. This column evaluates recent proposals to reform the banking industry. Although appropriate pricing of risk should make activity restrictions redundant, there may nevertheless be complementarities between these two approaches. Ring-fencing may make banking groups more easily resolvable …Read More
Nelson, Β., Pinter, G. & Theodoridis, K. (2015) “Does a surprise tightening of monetary policy expand shadow banking?“, VoxEU Organisation, 16 March. There has been an extensive debate over whether central banks should raise interest rates to ‘lean against’ the build-up of leverage in the financial system. This column reports on empirical evidence showing that, in contrast to the conventional view, surprise monetary contractions have tended to increase shadow …Read More
Glendinning, S. (2015) ‘Neoliberal’ variants have dominated Europe’s history but they have paved the way for a new conception of human progress, LSE EUROPP, 16 March. The term ‘neoliberalism’ is frequently used in contemporary political discussions, but while polemically effective, conceptually it lacks rigour. Simon Glendinning writes on the relationship between the concept and classical liberalism. He argues that by defining neoliberalism in terms of this relationship it becomes …Read More
Amiel, D. & Paul-Adrien, H. (2015) “Is there an easy way out? Private marketable debt and its implications for a Eurozone break-up“, VoxEU Organisation, 15 March. As the Eurozone crisis lingers on, euro exit is now being debated in ‘core’ as well as ‘periphery’ countries. This column examines the potential costs of euro exit, using France as an example. The authors estimate that 30% of private marketable debt would …Read More
Matthieu Bussière, Μ., Cheng, G., Chinn, D. M. & Lisack, N. (2015) “For a few dollars more: Reserves and growth in times of crises“, Journal of International Money and Finance, Vol. 52, Απρίλιος 2015, σελ. 127–145. Highlights Countries with higher reserves saw a smaller growth shortfall in the great recession. Reserve to short-term debt is the most significant reserve adequacy ratio. Reserves’ marginal effect on growth is somewhat reinforced …Read More
