Gennaioli, Ν., Martin, Α. & Rossi, S. (2014) “Banks, Government Bonds, and Default: What do the Data Say?“, IMF Working Paper No. 14/120, 08 July. We analyze holdings of public bonds by over 20,000 banks in 191 countries, and the role of these bonds in 20 sovereign defaults over 1998-2012. Banks hold many public bonds (on average 9% of their assets), particularly in less financially-developed countries. During sovereign defaults, …Read More
84th BIS Annual Report, 2013/2014
Bank for International Settlements (2014) 84th BIS Annual Report, 2013/2014, BIS Publications, 29 June. A new policy compass is needed to help the global economy step out of the shadow of the Great Financial Crisis. This will involve adjustments to the current policy mix and to policy frameworks with the aim of restoring sustainable and balanced economic growth. The global economy has shown encouraging signs over the past year …Read More
SME Market Report 2014 H1
The Central Bank of Ireland (2014) “SME Market Report 2014 H1“, Eurosystem, June. The Central Bank of Ireland’s SME Market Report is compiled by economists in the Financial Stability Division and aims to collate information from a wide range of internal and external sources to give an up-to-date picture of developments in the Irish Small and Medium Enterprise (SME) credit market. The Report will provide information on credit demand, …Read More
Pay in Europe in the 21st century
Aumayr‑Pintar, C.; Cabrita, J.; Fernández‑Macías, E. & Vacas‑Soriano, C. (2014) “Pay in Europe in the 21st century“, European Foundation for the Improvement of Living and Working Conditions, Eurofound Research Project, Publications Office of the European Union, Luxembourg: June. The issue of wages has attracted particular attention at European level since the onset of the economic crisis. Changes in economic governance, notably within the European semester, have prompted discussions on …Read More
Global Financial Stability Report – Moving from Liquidity- to Growth-Driven Markets
International Monetary Fund (2014) Global Financial Stability Report – Moving from Liquidity- to Growth-Driven Markets, World Economic and Financial Surveys, April. The April 2014 Global Financial Stability Report (GFSR) assesses the challenging transitions that the global financial system is currently undergoing on the path to greater stability. Chapter 1 finds that these transitions are far from complete, and stability conditions are far from normal. For advanced and emerging market economies …Read More
Monthly Bulletin
European Central Bank (2014) “Monthly Bulletin“, ECB Eurosystem, June. ECONOMIC AND MONETARY DEVELOPMENTS 1 THE EXTERNAL ENVIRONMENT OF THE EURO AREA The global economy remains on a gradual recovery path, although the growth momentum moderated somewhat in the first quarter of 2014 as a result of temporary factors mainly affecting the United States and China. As the adverse effects of these factors are gradually waning, global activity should gather …Read More
Convergence Report, European Economy 4/2014
European Commission (2014) “Convergence Report, European Economy 4/2014”, Economic and Financial Affairs, June: Brussels. Convergence Reports examine whether Member States satisfy the conditions for adopting the single currency. Convergence reports are issued by the European Commission and the European Central Bank every two years, or more often if a country intending to join the euro requests it. These reports form the basis for the decision on whether a Member …Read More
National Accounts at a Glance 2014
OECD (2014) “National Accounts at a Glance 2014“, Organization for Economic Cooperation and Development, 29 Απριλίου. This publication presents information using an “indicator” approach, focusing on cross-country comparisons; the aim being to make the accounts more accessible and informative, whilst, at the same time, taking the opportunity to present the conceptual underpinning of, and comparability issues inherent in, each of the indicators presented. The range of indicators is set …Read More
EBA 2013 Annual Report
European Banking Authority (EBA) 2013 Annual Report, 21 May 2014. This edition of the EBA Annual Report takes stock of the first three years of activity of the Authority which contributed to the repair of the EU banking system by promoting the cleaning of EU banks’ balance sheets and strengthening their capital position. The EBA also brought forward its work on the development of a truly uniform set of …Read More
European Job Mobility Bulletin
European Commission (2014) European Job Mobility Bulletin, Issue No. 12 , 30 April. According to this issue of the European Job Mobility Bulletin, based on the vacancies published on the EURES portal, the top 5 jobs in Europe are: Personal care and related workers, Finance and sales associate professionals, Housekeeping and restaurant services workers, Shop salespersons and demonstrators, and Electrical and electronic equipment mechanics and fitters. This Bulletin is available in …Read More