This Policy Brief argues that the Euro-area governance needs to move beyond the improvements brought about by banking union and should establish institutions to prevent divergences of wages from productivity. The authors propose the creation of a European Competitiveness Council composed of national competitiveness councils, and the creation of a Eurosystem of Fiscal Policy.
27th February 2015
9th February 2015
This Policy Contribution analyses the dynamics of currency crises in Russia and Ukraine and their regional contagion, with attention to changes in nominal exchange rates, international reserves and official reactions to the development of crisis.
4th February 2015
This report provides a framework for assessing the social impact investment market and focuses on the need to build the evidence base. The report highlights the importance of further international collaborations in developing global standards on definitions, data collection, impact measurement and evaluation of policies.
13th January 2015
This report reviews the key theoretical foundations underlying the benefits and risks of net capital flows, in particular large, persistent inflows or outflows, and the significance of gross flows and their composition.
16th December 2014
At least 12 European Union member states used publicly created asset management companies (AMCs), otherwise known as a ‘badbanks’ to respond to the recent financial crisis. This tool remains an option for future bank resolutions under the EU Bank Recovery andResolution Directive. This working paper assesses the design of AMCs in the recent crisis and why their form has changed.
Posted within Bruegel News 7th May 2014
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