We compare the structure of the financial sectors of the EU27, Japan and the United States, looking at a set of 23 indicators.

Standards reduce production costs and increase products’ value to consumers. Standards however entail risks of anti-competitive abuse...

EU countries are converging. Regions in Europe are also converging. But, within countries, regional disparities are on  the rise. There is no conclusive evidence that…

This paper describes the EU-EFIGE/Bruegel-UniCredit dataset (in short the EFIGE dataset), a database recently collected within the EFIGE project (European Firms in a Global Economy:…

The euro area today consists of a competitive, moderately leveraged North and an uncompetitive, over-indebted South. Its main macroeconomic challenge is to carry out the…

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…

This paper discusses proposals for common euro area sovereign securities. Such instruments can potentially serve two functions: in the short-term, stabilize financialmarkets and banks and, in the medium-term, help improve the euro area economic governance framework through enhanced fiscal discipline and risk-sharing.

This paper provides an overview of the recent financial stability mechanisms and their various shortcomings and tries to brush the outline of a more comprehensive safety net architecture that would coherently address the banking, sovereign and external imbalances crises against both transitory and more permanent shocks.

This is a study of the transmission of monetary policy to macroeconomic variables with structural time-varying coefficient vector autoregressions in the Czech Republic, Hungary and…

This Working Paper sheds light on the link between sovereign and banking risk in the euro zone. It provides an empirical analysis of the impact of…