Articles published during the Bruegel/Korea Institute of Finance project on ‘EU-Korea policy responses to the global financial and economic crisis and the scope for internationalisation of the financial services industry’

The issue: The European Union's pre-crisis growth performance was disappointingenough, but the performance has been even more dismal since theonset of the crisis.

While the decision to join the SSM is made difficult by the uncertainty about other elements of the banking union, including the possible burden sharing, we…

Data from 135 countries covering five decades suggests that creditless recoveries, in which the stock of real credit does not return to the pre-crisis level for…

Without corrective measures, Greek public debt will exceed 190 percent of GDP, instead of peaking at the anyway too-high target ratio of 167 percent of…

Many factors have contributed to the euro crisis. Some have been addressed by policymakers, even if belatedly, and European Union member states have been willing…

Greece, Portugal and Spain face a serious risk of external solvency due to their close to minus 100 percent of GDP net negative international investment…

A version of the Bruegel Working Paper Monetary transmission in three central European economies: evidence from time-varying coefficient vector autoregressions has been published in Empirica…

As a background document for the Policy Contribution ‘Compositional effects on productivity, labour cost and export adjustment’, this working paper presents detailed results for 24…

Sectoral shifts, such as shrinkage of low labour productivity and the low-wage construction sector, can lead to apparent increased aggregate average labour productivity and average…