Labini, Francesco Sylos, (2016),  “EU Austerity And The Brain Drain From The South”, Social Europe, 10 Μay The debate on the sustainability of the European single currency seems to have focused exclusively on the requirement that EU member states comply with the macro-economic financial parameters established by the dictates of austerity policies. The absence of any collective reflection on how to boost structural economic development is astonishing at a time when …Read More

Gandrud, Christopher, Hallerberg, Mark, Véron, Nicolas, (2016), “The European Union remains a laggard on banking supervisory transparency”, Bruegel, 10 Μay Supervisory transparency, or the publication by prudential supervisors of data about the institutions they supervise, is an essential tool to ensure market discipline in the banking sector and thus supports the public-policy objective of financial stability, in complement to disclosures made by the banks themselves. In the European Union, we find that the already …Read More

Ippolito, Filippo,  Peydró, José-Luis, Polo, Andrea, Sette, Enrico, (2016),  “Double bank runs, liquidity risk management, and Basel III”, Voxeu, 10 Μay By providing liquidity to credit line borrowers and depositors, banks are potentially exposed to simultaneous runs on their assets and liabilities. This risk became a reality when the European interbank market froze in the summer of 2007. This column discusses the risk of double-bank runs, liquidity risk management by banks and the implications …Read More

Buffie, Nick, (2016), “Unemployment Is Down, but Unworked Hours Are Still High”, Center for Economic and Policy Research, 5 Μay This Friday morning, the Bureau of Labor Statistics will release the latest jobs figures for the month of April. The unemployment rate and the number of jobs created will likely be the major focuses of most reporting. But there is an important and less noticed problem in today’s economy. Specifically, the weakness of …Read More